Qualifying Offer of Employment definition

Qualifying Offer of Employment shall have the meaning set forth in Section 7.11(b) hereof.

Qualifying Offer of Employment has the meaning set forth in Section 8.10(b). “Records” has the meaning set forth in Section 2.1(g).

Qualifying Offer of Employment means an offer of continuing employment to begin following the closing of a Merger Transaction, which is for a position of comparable responsibilities, overall compensation and geographical location.

Examples of Qualifying Offer of Employment in a sentence

• An offer of employment shall be deemed a "Qualifying Offer of Employment" if (A) the proposed base salary and level of incentive compensation is at least 90% of the employee's base salary and level of incentive compensation immediately prior to the Closing Date and (B) the proposed principal place of employment is within one hundred (100) miles of the employee's principal place of employment immediately prior to the Closing Date.

• Ice and heat are often used during this phase to hasten progress.

• An offer of employment shall be deemed a "Qualifying Offer of Employment" if (A) the proposed base salary and level of incentive compensation is no less than the employee's base salary and level of incentive compensation immediately prior to the Closing Date and (B) the proposed principal place of employment is within ten miles of the employee's principal place of employment immediately prior to the Closing Date.

• The Buyer shall, as of the Closing Date, -------------------- make a Qualifying Offer of Employment (as defined herein) to each employee of Seller who (i) worked at or directly serviced the Purchased Assets and (ii) was an employee of the Seller immediately prior to the Closing Date, other than (x) Hourly Employees and (y) Directors (each such employee who accepts a Qualifying Offer of Employment is a "Management Employee").

• The Eligible Employee’s rejection of a Qualifying Offer of Employment.

More Definitions of Qualifying Offer of Employment

Qualifying Offer of Employment if: the offer is open for at least ten (10) Business Days and is for a position with substantially comparable job responsibility, salary, location and target incentive opportunity, and other pension, welfare and fringe benefits that are substantially comparable in the aggregate to those provided to such employees immediately prior to the Closing Date and may require that the Corporate Employee be actively available for work on the Closing Date, other than those employees on vacation. Notwithstanding the foregoing, the Buyer shall be required to offer employment pursuant to this Section 7.9(b)(ii) in a manner that complies in all respects with applicable Law, including Laws governing employment discrimination, wages and hours, employee classifications, immigration and work conditions.

Qualifying Offer of Employment has the meaning set forth in Section ------------------------------ 6.6(b).

Qualifying Offer of Employment if: the offer is open for at least thirty (30) days and is for a position with substantially comparable job responsibility, salary and target incentive opportunity, and other pension, welfare and fringe benefits that are substantially comparable in the aggregate to those provided to such employees immediately prior to such offer. Notwithstanding the foregoing, the Buyer shall be required to offer employment pursuant to this Section 7.9(b)(i) in a manner that complies in all respects with applicable Law, including Laws governing employment discrimination, wages and hours, employee classifications, immigration and work conditions.

Qualifying Offer of Employment has the meaning set forth in Section 8.10(b). “Records” has the meaning set forth in Section 2.1(g). “Retained Interests” means those Excluded Assets specifically identified in Exhibit B as “Retained Interests” and which will be

Qualifying Offer of Employment means an offer of employment that (i) is open for at least fifteen (15) days, (ii) is for a position with substantially comparable job responsibility, location, salary or wages (as applicable) and target incentive opportunity, and other retirement, welfare and fringe benefits that are no less favorable in the aggregate to those provided to such employees immediately prior to the Closing Date, (iii) provides for employment to commence as 12:01 a.m. of the day immediately following the Closing Date; and (iv) complies in all respects with applicable Law, including Laws governing employment discrimination, wages and hours, employee classifications, immigration and work conditions.

Qualifying Offer of Employment means, with respect to an employee of the Company or a Subsidiary, an offer of employment containing terms of employment that include a total compensation package (including base salary or wages, annual target bonus opportunity and other employee benefits) that is no less favorable, in the aggregate, to the total compensation package (including base salary or wages, annual target bonus opportunity and other employee benefits) provided to such employee immediately prior to the Closing Date; provided, for the avoidance of doubt, that an offer of employment will not fail to be a Qualifying Offer of Employment solely because it alters the definition of “Cause” or “Good Reason” that applies to any benefit to which such employee may be entitled in a manner that conforms such definition to Acquirer’s customary employment documents.

Qualifying Offer of Employment means an offer of employment to a Domestic Employee on substantially the same terms and conditions, including compensation and benefits, as applicable to such Domestic Employee at the Effective Time.