Comparable Compensation definition

Comparable Compensation means a combined base salary and bonus target equal to at least 85% of the preceding Base Pay total) and you fail to accept that offer (v) you resign from your employment with the Company at any time for any reason (vi) your employment with the Company is terminated due to a sale of your business unit, and you remain or become employed by the successor employer upon the close of the sale of your business unit with Comparable Compensation, regardless of duties (vii) you are offered any position with a successor employer, with Comparable Compensation, and you fail to accept the offer, regardless of duties, (viii) you violate a Confidentiality, Non-Solicitation, or Non-Disparagement provision of this or any agreement with the Company; (ix) you breach this Payment Agreement or any severance and/or release agreements with the Company; and/or (x) your employment is terminated for Cause, which “Cause” includes:
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Comparable Compensation means, with respect to any SES Business Employee, base salary and target bonus payable at annual rates at least equal to the annual rates of base salary and target bonus in effect for such employee immediately prior to the Closing but adjusted, in the case of any such employee described in the second sentence of (b) above, to reflect any increase in such rates that was granted to such employee between the Closing Date and the Expiration Date by the Seller in the Ordinary Course of Business with the prior written consent of the Buyer.
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Examples of Comparable Compensation in a sentence

  • As soon as practicable after the date hereof, and in any event no later than five Business Days prior to the Closing, Buyer shall offer employment to the four employees listed on Section 5.3(b) of the Seller Disclosure Schedule who were not listed on Section 5.3(b) of the Seller Disclosure Schedule as of the date of the Original Agreement, with Comparable Positions and Comparable Compensation and Benefits.

  • In the event the Compensation Consultant determines that Executive's compensation under this Agreement is substantially similar to or less than the Comparable Compensation, and the Committee, acting in good faith, concurs with such determination, the term of this Agreement automatically shall be extended for the Extended Term.

  • Such terms shall provide such SES Business Employees with Comparable Compensation and Comparable Employee Benefits.

  • Such terms shall provide such SES Business Employees with Comparable Compensation, as defined in Section 8.01 (d) below, and Comparable Employee Benefits, as defined in Section 8.01 (e) below.

  • In the event the Compensation Consultant determines that Executive's compensation under this Agreement is substantially similar to or less than the Comparable Compensation and the Committee, acting in good faith, concurs with such determination, the term of this Agreement automatically shall be extended for the Extended Term.

Related to Comparable Compensation

  • Reasonable compensation means, with respect to a regularly employed officer or employee of any person, compensation that is consistent with the normal compensation for such officer or employee for work that is not furnished to, not funded by, or not furnished in cooperation with the Federal Government.

  • Recoverable Compensation means all Incentive-Based Compensation (calculated on a pre-tax basis) Received after October 2, 2023 by a Covered Person: (i) after beginning service as an Executive Officer; (ii) who served as an Executive Officer at any time during the performance period for that Incentive-Based Compensation; (iii) while the Company had a class of securities listed on an Exchange; and (iv) during the Applicable Period, that exceeded the amount of Incentive-Based Compensation that otherwise would have been Received had the amount been determined based on the Financial Reporting Measures, as reflected in the Restatement. With respect to Incentive-Based Compensation based on stock price or TSR, when the amount of erroneously awarded compensation is not subject to mathematical recalculation directly from the information in an accounting restatement: (i) the amount must be based on a reasonable estimate of the effect of the Restatement on the stock price or TSR upon which the Incentive-Based Compensation Received by the Covered Person originally was based; and (ii) the Company must maintain documentation of the determination of the reasonable estimate and provide such documentation to the Exchange.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Earnable compensation means the full rate of the

  • Creditable compensation means the full compensation payable annually to an employee working