Comparable Offer definition

Comparable Offer means a binding offer of employment by the Company to the Executive on terms substantially the same as the terms of this Agreement, or on terms more beneficial to the Executive, including, without limitation, terms and provisions regarding (i) the Executive’s position, title, duties, authority, and responsibilities, (ii) base salary, annual bonus, options, restricted shares, severance payments and other compensation provided to the Executive, and (iii) health and medical, welfare, retirement, deferred compensation, perquisite, fringe benefit and other benefit plans in which the Executive will be eligible for participation.

Comparable Offer shall be an offer of employment that includes each of: (1) a geographic location of the principal place of employment that is within fifty (50) miles of the location of Employee’s principal place of employment as of the time immediately prior to the Change in Control, (2) a base salary not less than the base salary in effect immediately prior to the Change in Control, and (3) Employee serving with a title of General Counsel of Parent or Buyer following such Change in Control.

Comparable Offer has the meaning set forth in Section 5.3(a).

Examples of Comparable Offer in a sentence

• Any such Comparable Offer shall be conditioned on such Specified U.S. Employee remaining employed by Seller or an Affiliate of Seller through the Initial Closing Date.

• Employee does not accept the Comparable Offer of Employment (a “Non-Transferred U.S. Employee”), the Purchaser Group or the Seller Group, as applicable, will terminate the employment of the Non-Transferred U.S. Employee as of or promptly after the Closing Date.

• To the best of the knowledge of Alaris and the Consortium, the dealings of the providers of Irrevocable Undertakings Voting and the Irrevocable Undertakings Comparable Offer in Alaris securities during the six-month period prior to the Implementation Agreement Signature Date and the period from the Implementation Agreement Signature Date up to the Last Practicable Date are as set out in Annexure 7.

• Purchaser and its Affiliates shall be solely responsible for any severance, termination indemnity, redundancy or similar termination payments or benefits that may become payable to any Business Employee who does not become an employee of Purchaser or its Affiliates because such Business Employee does not accept an offer of employment that is not a Comparable Offer or otherwise challenges such transfer of employment on the basis of any such offer.

• The Keaton Energy Independent Board will appoint an independent expert (“Independent Expert”), as required in terms of section 114(2) of the Companies Act and as contemplated in regulations 87(5) and 110 of the Companies Regulations, to provide it with external advice in relation to the Proposed Transaction and the Comparable Offer, respectively, and to make appropriate recommendations to the Keaton Energy Independent Board in the form of a fair and reasonable opinion.

More Definitions of Comparable Offer

Comparable Offer has the meaning set forth in Section 7.5(b).

Comparable Offer means a comparable offer made or to be made to the holders of the Options in terms of section 125(2) of the Companies Act read with regulation 87(2) of the Companies Regulations, 2011 to the extent not waived by the Option Holders;

Comparable Offer means an offer of employment to the Participant with the Successor (as defined below) or the Employer, as applicable, on terms including (i) comparable position, (ii) at least the same base salary, and (iii) at least the same target annual bonus amount opportunity.

Comparable Offer means an offer of employment wherein the salary, bonus and overall compensation and benefits package (other than with respect to equity participation), job description and scope of duties (although not necessarily job title) are no less favorable than those applicable to the 2006 Employee Investor’s employment immediately prior to the Sale of the Company and pursuant to which the 2006 Employee Investor’s primary job location is within 25 miles of the individual’s primary job location immediately prior to the Sale of the Company.

Comparable Offer means an offer of employment that provides for (i) Base Pay and a Target Bonus that is at least equal to the Participant’s Base Pay and Target Bonus as of immediately prior to the Closing; (ii) substantially similar duties, authority and scope of duties and substantially similar position and responsibilities (including, but not limited to, the appointment of the Participant to the board of directors or similar governing body), in each case, as in effect for the Participant immediately prior to the Closing; and (iii) a geographic location that is within 35 miles from the location of the office at which the Participant is principally employed immediately prior to the Closing.

Comparable Offer has the meaning set forth in Section 12.2(b).

Comparable Offer means a binding offer of employment by the Company to the Executive on terms substantially the same as the terms of this Agreement, or on terms more beneficial to the Executive, including, without limitation, terms and provisions regarding (i) the Executive’s position, title, duties, authority, and responsibilities, (ii) base salary, annual bonus, options, restricted shares, severance payments and other compensation provided to the Executive, and (iii) health and medical, welfare, retirement, deferred compensation, perquisite, fringe benefit and other benefit plans in which the Executivewill be eligible for participation.