Substantially equivalent definition
Examples of Substantially equivalent in a sentence
Substantially equivalent coverage shall mean that the coverage shall be similar to the extent that the carriers will be asked to quote on their standard products which most closely match current plan design; however, custom plan design need not be requested and exact match of plan design need not be sought or acquired.
Substantially equivalent employment means work with comparable pay, benefits, hours of work (FTE and shift) and job duties.
Substantially equivalent compensation and benefits are payable in the event of ▇▇.
Substantially equivalent shall mean that each benefit in the new plan will not have to be exactly equal to each corresponding benefit in the old plan, but that the new plan will not result in a reduction in the total benefits than those provided by the old plan.
All of LLD's insurable properties are insured for LLD's benefit under valid and enforceable policy or policies containing Substantially equivalent coverage and will be outstanding and in full force at the Closing Date.