Review for New Peer Group Sample Clauses

Review for New Peer Group. Executive’s compensation and benefits generally shall be subject to review by the CEO for upward adjustment at the same time as other senior executives of the Company following the Effective Date (and at least annually thereafter) to ensure that his compensation and benefits are commensurate with market practices for the Company’s peer group following the Effective Date.
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Review for New Peer Group. Each year, on or about the anniversary of the Effective Date, the compensation and benefits of Executive shall be reviewed for upward adjustment (or, effective as of the Succession Date, a one-time downward adjustment) to ensure that Executive’s compensation and benefits are commensurate with market practices for his role with the Company relative to the Company’s peer group (determined taking into account the effect of the transactions contemplated in the Merger Agreement, and updated in the ordinary course thereafter) (the “Peer Review Process”). The first such adjustments (if determined to be appropriate, consistent with the Peer Review Process) during the Employment Term shall occur as soon as practicable following the Effective Date (and in no event later than thirty (30) days following the Effective Date) with application for the 2020 fiscal year of the Company. The Compensation Committee of the Board shall have sole discretion with respect to all determinations related to or arising from the Peer Review Process. Any such adjustments shall be made in accordance with the Company’s charter documents and applicable laws, rules or regulations, including those of any listing agency applicable to the Company, by either the Board or the Compensation Committee of the Board.
Sample 1
Review for New Peer Group. Each year, on or about the anniversary of the Effective Date, the compensation and benefits of Executive shall be reviewed for upward adjustment to ensure that Executive’s compensation and benefits are commensurate with market practices for his role with the Company relative to the Company’s peer group (determined taking into account the effect of the transactions contemplated in the Merger Agreement, and updated in the ordinary course thereafter) (the “Peer Review Process”). The first such adjustments (if determined to be appropriate, consistent with the Peer Review Process) during the Employment Term shall occur as soon as practicable following the Effective Date (and in no event later than thirty (30) days following the Effective Date) with application for the 2020 fiscal year of the Company; provided that, prior to the Succession Date, the Base Salary shall not be less than eighty percent (80%) of the annual base salary of the Current CEO. The Compensation Committee of the Board shall have sole discretion with respect to all determinations related to or arising from the Peer Review Process. Any such adjustments shall be made in accordance with the Company’s charter documents and applicable laws, rules or regulations, including those of any listing agency applicable to the Company, by either the Board or the Compensation Committee of the Board.
Sample 1

Related to Review for New Peer Group

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  • GEOGRAPHIC AREA AND SECTOR SPECIFIC ALLOWANCES, CONDITIONS AND EXCEPTIONS The following allowances and conditions shall apply where relevant: Where the company does work which falls under the following headings, the company agrees to pay and observe the relevant respective conditions and/or exceptions set out below in each case.

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  • Technical Objections to Grievances It is the intent of both parties to this agreement that no grievance shall be defeated merely because of a technical error other than time limitations in processing the grievance through the grievance procedure. To this end an arbitration board shall have the power to allow all necessary amendments to the grievance and the power to waive formal procedural irregularities in the processing of a grievance in order to determine the real matter in dispute and to render a decision according to equitable principles and the justice of the case.

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