Comparable Terms definition

Comparable Terms means the basic and working employment conditions of an individual as of Day One Of The Relevant Qualifying Period to which an individual would be entitled (including Pay, duration of working time, night work rest periods, rest breaks and annual leave) if they were employed or engaged directly by the Client (including any variations in those relevant terms and conditions made at any time after Day One Of The Relevant Qualifying Period);
Sample 1Sample 2
Comparable Terms means the basic working and employment conditions applicable as of Day One Of The Relevant Qualifying Period to which an individual would be entitled (including Pay, duration of working time, night work rest periods, rest breaks and annual leave) if they were employed or engaged directly by the Client (including any variations in those relevant terms and conditions made at any time after Day One Of The Relevant Qualifying Period);
Sample 1
Comparable Terms means: (a) base salary or wage rate; (b) bonus or incentive compensation opportunity; (c) pension, superannuation, retirement and/or supplementary retirement benefit; and (d) benefits, perquisites and other applicable terms and conditions of employment, including rights and other terms and conditions under the Employee Plans, that are in each case comparable to those that the proposed Transferred Employee was entitled to receive or participate in immediately prior to the applicable Asset Closing Date and are, in the aggregate, no less favourable to those that the proposed Transferred Employee was entitled to receive or participate in immediately prior to the applicable Asset Closing Date, provided, however, that, notwithstanding the foregoing, a proposed Transferred Employee who is eligible to participate in the defined benefit provision of an Employee Plan that is a pension plan prior to the applicable Asset Closing Date may be instead offered participation in a defined contribution provision for service on and following the applicable Asset Closing Date. For greater certainty, Comparable Terms does not mean that each individual component of the Offer is required to be the same or identical to each component of such proposed Transferred Employee’s existing terms of employment in effect immediately prior to the applicable Asset Closing Date (and, in particular, Comparable Terms does not mean that a proposed Transferred Employee who is eligible to participate in the defined benefit provision of an Employee Plan that is a pension plan prior to the applicable Asset Closing Date must be offered the ability to participate in a defined benefit provision on and after the applicable Asset Closing Date); however, the Offer must not provide such Transferred Employee with total compensation and benefits which are in the aggregate less favourable than such proposed Transferred Employee’s existing terms of employment in effect immediately prior to the Asset Closing Date.
Sample 1

Examples of Comparable Terms in a sentence

  • On the Closing Date, the New Buyer Employees will be considered to have resigned from their employment with Seller, and Buyer shall thereafter, either directly or through one of its Affiliates, employ all such New Buyer Employees, for at least a period of three (3) months following the Closing Date (the “Retention Period”), on the Comparable Terms, except that Buyer may terminate any such New Buyer Employee for violations of law or gross misconduct.

  • In addition, the Company’s convertible note converted into 3,862,124 shares of common stock.

  • Notwithstanding anything in this Agreement to the contrary, to the extent the Buyer does not offer fringe benefits on Comparable Terms to Other Non-U.S. Employees and Other Non-U.S. Contractors, Buyer shall offer to such persons the same fringe benefits provided to similarly situated employees or contractors of the Buyer or its Affiliates.

  • In the event that the offering to such other Persons is not on Comparable Terms, or in the event that the offering to such other Persons is not consummated within such ninety (90)-day period, then the Company and USHG will again offer, or cause the issuer Corporation to again offer, the proposed Mezzanine Financing to the Purchasers in compliance with all of the provisions of this Section 6.12(a).

  • With respect to Continuing Employees in India, the Continuing Employees will be engaged on Comparable Terms without any interruption of service as a result of the transfer of Assets and the Buyer shall take into account the past service of the Continuing Employee with the Seller for the purpose of computing all employment benefits including accrued vacation or leave salary.

  • For purposes of clarity, employees that are offered employment with Purchaser or the third party purchaser of the Core Assets on Comparable Terms (as defined in the Support Agreement) and who do not accept these employment terms will not be entitled to severance from the estate and (ii) any employee who accepts an offer of employment from Purchaser or a third party purchaser (whether or not on Comparable Terms) would not be entitled to severance from the estate.


More Definitions of Comparable Terms

Comparable Terms has the meaning set out in Section 9.3;
Sample 1
Comparable Terms means an offer of employment from the Buyer with:
Sample 1
Comparable Terms means LICENSED PRODUCT that is(1) of (a) substantially similar shape and complexity, (b) substantially similar sizing, and (c) substantially equivalent or lesser purchase volume for custom or unique LICENSED PRODUCTS purchased by OWNER or (2) for stock, “off-the-shelf”, or catalog LICENSED PRODUCT that requires no package decoration, the LICENSED PRODUCTS without consideration of (a), (b), or (c) of this paragraph.
Sample 1

Related to Comparable Terms

  • comparables means information that compares an issuer to other issuers;

  • Comparable Supply means the supply of Services to another customer of the Supplier that are the same or similar to the Services;

  • Comparable includes a job with a salary range not more than four grid levels below the employee's original classification.

  • applicable Terms Agreement means the Terms Agreement dated the date hereof. To the extent not defined herein, capitalized terms used herein have the meanings assigned to such terms in the Indenture or the Pooling and Servicing Agreement. Unless otherwise stated herein or in the applicable Terms Agreement, as the context otherwise requires or if such term is otherwise defined in the Indenture or the Pooling and Servicing Agreement, each capitalized term used or defined herein or in the applicable Terms Agreement shall relate only to the Notes designated in the applicable Terms Agreement and no other Series, Class or Tranche of Notes issued by the Issuer. The Bank has prepared and filed with the Securities and Exchange Commission (the “Commission”) in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Act”), a shelf registration statement on Form S-3 (having the registration number stated in the applicable Terms Agreement), including a form of prospectus, relating to the Notes and the Collateral Certificate. The registration statement as amended has been declared effective by the Commission. If any post-effective amendment has been filed with respect thereto, prior to the execution and delivery of the applicable Terms Agreement, the most recent such amendment has been declared effective by the Commission. Such registration statement, as amended at the time of effectiveness, including all material incorporated by reference therein and including all information (if any) deemed to be part of the registration statement at the time of effectiveness pursuant to Rule 430A under the Act, is referred to in this Agreement as the “Registration Statement.” The Bank proposes to file with the Commission pursuant to Rule 424(b) (“Rule 424(b)”) under the Act a supplement (the “Prospectus Supplement”) to the prospectus included in the Registration Statement (such prospectus, in the form it appears in the Registration Statement or in the form most recently revised and filed with the Commission pursuant to Rule 424(b) is hereinafter referred to as the “Basic Prospectus”) relating to the Notes and the method of distribution thereof. The Basic Prospectus and the Prospectus Supplement, together with any amendment thereof or supplement thereto, is hereinafter referred to as the “Prospectus.” Upon the execution of the applicable Terms Agreement, the Bank agrees with the Underwriters as follows:

  • URL Terms means the terms with which Customer must comply, which are located at a URL, referenced in this Agreement and are hereby incorporated by reference.

  • Comparable Services means services that are identical or materially similar to the benchmarked Services (including in terms of scope, specification, volume and quality of performance) provided that if no identical or materially similar services exist in the market, the Supplier shall propose an approach for developing a comparable services benchmark;

  • Comparable Company means global company and deemed by the Calculation Agent to have characteristics comparable to the Companies initially comprising the Reference Portfolio.

  • Financial Terms means the amount of compensation to be received by Vendor as evidenced by the Contract Documents, during the contract time.

  • Comparable Rates means rates payable by the Comparison Group for Comparable Services so as to be fair comparable rate with the Framework Prices;

  • Material Terms means (i) for Designated FX Transactions, the Settlement Date, amounts of each currency to be delivered by each party, and any other terms considered material in the market, (ii) for Designated Option Transactions, the amounts of each currency, the style (e.g., American or European) of option, the strike price, premium, expiration date, and any other terms considered material in the market, (iii) for Designated Bullion Trade Transactions, the Trade Date, Purchaser, Seller, Bullion, number of Ounces, Contract Price, Value Date, and any other material terms and (iv) for Designated Bullion Option Transactions, Trade Date, Buyer, Seller, Bullion, number of Ounces, style, type, Strike Price, Expiration Date, Settlement Date, Premium, Premium Payment Date, and any other material terms (terms used in subsection (iii) and (iv) in this definition have the means set forth in the 2005 ISDA Commodity Definitions).

  • predatory or similar loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Special Terms means the Section of the Contract entitled “Special Terms” that contains terms specific to this Contract, including but not limited to the Scope of Work and contract payment terms. If there is a conflict between the General Terms for Services Contracts and the Special Terms, the Special Terms shall prevail.

  • Defined Terms As used herein:

  • Commercial Terms means this Agreement excluding the Purchase Order;

  • Medicaid Provider Agreement means an agreement entered into between a state agency or other such entity administering the Medicaid program and a health care provider or supplier under which the health care provider or supplier agrees to provide services for Medicaid patients in accordance with the terms of the agreement and Medicaid Regulations.

  • Third Party Terms means, if any, the end user license agreement(s) or similar terms for the Third Party Software, as applicable and attached as Exhibit D.

  • Use Terms means the Software Use Rights document as defined in the Order Form.

  • Service Terms means the service terms applicable to each Service, which are made part of this Agreement upon the date you elect to register for or use the applicable Service, and any subsequent modifications we make to those terms.

  • Agreed Terms means, in relation to a document, such document in the terms agreed between the Seller and the Purchaser and signed for identification by the Purchaser and the Seller with such alterations as may be agreed in writing between the Seller and the Purchaser from time to time;

  • Comparable Treasury Price means, with respect to any Redemption Date, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations.

  • Comparable Buildings means the Building and those other life sciences buildings which are comparable to the Building in terms of age (based upon the date of completion of construction or major renovation of to the building), quality of construction, level of services and amenities, size and appearance, and are located in South San Francisco, California and the surrounding commercial area.

  • Federal poverty guidelines means the poverty guidelines published annually in the federal register by the United States department of health and human services under its authority to revise the poverty line under section 673(2) of subtitle B of title VI of the omnibus budget reconciliation act of 1981, 42 USC 9902.

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • Specific Terms The terms and conditions as set out in clause 34 onwards which apply in respect of the specific Equipment hired by the Customer.

  • Key Terms means, with respect to a Relevant Transaction and a party, the valuation of such Relevant Transaction and such other details the relevant party deems relevant from time to time which may include the effective date, the scheduled maturity date, any payment or settlement dates, the notional value of the contract and currency of the Relevant Transaction, the underlying instrument, the position of the counterparties, the business day convention and any relevant fixed or floating rates of the Relevant Transaction. For the avoidance of doubt, "Key Terms" does not include details of the calculations or methodologies underlying any term.

  • Professional Provider means a Physician, Dentist, Podiatrist, Psychologist, Chiropractor, Optometrist or any Provider designated by the Claim Administrator or another Blue Cross and/or Blue Shield Plan.