Comparable Offer of Employment means an offer of employment for a position with the Company, any of its Affiliates, or any Successor (as defined herein) of the Company or its Affiliates that provides for Aggregate Compensation equal to or greater than the Eligible Employee’s Aggregate Compensation immediately preceding the Eligible Employee’s termination date. For purposes of this Section 1.12, and such other Sections of the Plan where the capitalized term “Successor” is used, a Successor of the Company or any of its Affiliates shall include, but shall not be limited to, any entity (or its affiliated entity) involved in or in any way connected with a corporate rearrangement, total or partial merger, acquisition, sale of stock, sale of assets, operation or service of transferred assets, or any other transaction. A Comparable Offer of Employment includes, without limitation, a position that requires the Eligible Employee to transfer to a different work location (without the Eligible Employee’s consent), but only so long as the Eligible Employee’s commuting distance to the new work location is not increased more than fifty (50) miles beyond the commuting distance to his or her current work location (except for travel reasonably required in the performance of the Eligible Employee’s duties).
Comparable Offer of Employment means:
Comparable Offer of Employment means an offer of employment for a position with the Company, any of its Affiliates, or any successor of the Company or its Affiliates that provides for a Regular Wage Base equal to or greater than the Participant’s Regular Wage Base immediately preceding the Participant’s termination date. A successor of the Company or any of its Affiliates shall include, but shall not be limited to, any entity (or its Affiliate) involved in or in any way connected with a corporate rearrangement, total or partial merger, acquisition, sale of stock, sale of assets or any other transaction. A Comparable Offer of Employment includes, without limitation, a position that requires the Employee to transfer to a different work location (without your consent), but only so long as the Employee’s commuting distance to the new work location is not increased more than fifty (50) miles beyond the commuting distance to his or her current work location (except for travel reasonably required in the performance of your duties).
Examples of Comparable Offer of Employment in a sentence
No later than ten (10) Business Days before the Closing Date, or such greater number of days as may be required by applicable Law (such date, the “Employment Offer Date”), Buyer shall, or shall cause its Affiliate to, extend a Comparable Offer of Employment with Buyer or one of its Affiliates (each, an “Offer of Employment”) to each In-Scope Asset Seller Employee as of the Employment Offer Date (other than any Inactive In-Scope Asset Seller Employee).
Buyer shall, or shall cause its Affiliate to, extend a Comparable Offer of Employment to any Inactive In-Scope Asset Seller Employee if such employee is cleared to return to active employment within six (6) months after the Closing Date (or such longer period as may be required by applicable Law) and shall commence to employ such individual within five (5) Business Days following the date he or she is so cleared to return to work.
More Definitions of Comparable Offer of Employment
Comparable Offer of Employment means an offer of employment (a) with terms and conditions necessary for Buyer and its Affiliates to satisfy their respective obligations under Section 4.4 and (b) for a comparable position with substantially similar duties and work schedule, and at a work location (including, for the avoidance of doubt, any remote work location arrangement) that is within fifty (50) miles of, in each case, those in effect for such individual immediately prior to the Closing Date.
Comparable Offer of Employment has the meaning set forth in Section 5.7(d)(i)(2). “Confidentiality Agreement” means that certain Non-Disclosure Agreement, dated as of August 7, 2009 by and between the Seller and the Purchaser. “Consent” means any consent, approval, authorization, waiver, Permit, grant, franchise, concession, agreement, license, certificate, exemption, order, registration, declaration, filing, report or notice of, with or to any Person. “Contemplated Transactions” means the transactions contemplated by the Transaction Documents. “Contract” means, with respect to any specified Person, all loan agreements, indentures, letters of credit (including related letter of credit applications and reimbursement obligations), mortgages, security agreements, pledge agreements, deeds of trust, bonds, notes, guarantees, surety obligations, warranties, licenses, franchises, Permits, powers of attorney, purchase or sale orders, leases, and other agreements, contracts, instruments, obligations, commitments, arrangements and understandings, written or oral, to which the specified Person is a party or by which it or any of its properties or assets may be bound or affected. “Control”, “Controlled”, “Controlling” or “under common Control with” with respect to any Person means the possession, directly or indirectly, of the ability or power to direct the management and affairs of such Person, whether through the ownership of voting securities or by Contract, and such ability shall be deemed to exist when any Person holds a majority of the outstanding voting securities of such Person. “Convertible Promissory Notes” means the Convertible Promissory Note and the Convertible Promissory Note (Foreign Borrower) issued by the Seller and ION International S.à x.x., respectively, to the New Lender on October 23, 2009 under the Credit Agreement. “Copyrights” means published and unpublished works of authorship (including without limitation databases and other compilations of information, mask works and semiconductor chip rights, design rights, Software (both source code and object code), flow charts, diagrams, descriptive texts and programs), the copyrights therein and thereto, all registrations and applications therefor, and all renewals, extensions, restorations and reversions thereof. “Credit Agreement” means the Amended and Restated Credit Agreement, dated as of July 3, 2008, among the Seller, ION International S.à x.x., HSBC Bank USA, N.A., ABN Amro Incorporated, Citibank, N.A. and the other lenders a...
Comparable Offer of Employment has the meaning set forth in Section 5.7(d)(i)(2).
Comparable Offer of Employment means an offer of employment made to an Eligible Employee upon a Change of Control which satisfies the following requirements:
Comparable Offer of Employment means an offer of employment by the Buyer of Tribune Company’s publishing businesses which includes: (a) substantially the same duties, authority, responsibilities and positions; (b) is located within 50 miles from your then-current principal place of employment; and (c) includes at least the same annual Base Salary and Target Bonus and the dollar amount equivalent of the equity compensation set forth in Section 5(a).
Comparable Offer of Employment means: (i) that the proposed compensation, severance and benefits, in the aggregate, to be paid by the Company or any successor to the Company in a Change in Control (including, without limitation the purchaser of all or substantially all of the Company’s assets) offering employment are commensurate with the compensation, severance and benefits payable to the Executive pursuant to this Agreement; (ii) the Executive incurs no demotion to his position with the Company from the position the Executive held immediately prior to the Change in Control Date; or (iii) the Executive’s principal place of employment has not changed to any location that is more than fifty (50) miles from his principal place of work immediately prior to the Change in Control Date, without the prior written consent of the Executive.