Offer of Comparable Employment definition

Offer of Comparable Employment means an offer of employment that has each of the following features:
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Offer of Comparable Employment means an offer of employment, or a confirmation of continued employment, that provides you with (i) the same or higher base salary and target bonus opportunity that were in effect immediately before the Sale Date; and (ii) a work location that is no more than fifty (50) miles from your work location immediately before the Sale Date.
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Offer of Comparable Employment means an offer from a purchaser of assets from the Company to employ a Participant in a position that, provided it was accepted by the Participant, would not constitute Good Reason under Section 2.9.
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Examples of Offer of Comparable Employment in a sentence

  • If a Participant receives an offer of employment that is not an Offer of Comparable Employment, such Participant may decline the offer and receive Plan Benefits in accordance with Section 3.02(a) or accept the offer and begin employment in the new position.

  • A Participant will not be eligible to receive Plan Benefits if such Participant's employment with the Company is terminated as the result of the sale, transfer, closure, or other conveyance of a Business Unit, site or facility closure, RIF, reorganization, integration or other involuntary termination program and the Participant receives an Offer of Comparable Employment.

  • For purposes of item (ii) in the preceding sentence, an offer of employment may constitute an Offer of Comparable Employment even though the performance standards to be used to determine whether a bonus will be paid or the level of such bonus are different from standards used by the Company.

  • An Eligible Employee shall not be entitled to receive Plan Benefits if such employee’s employment with the Company is terminated as a result of the sale, transfer, or other conveyance of a Business Unit for which the Eligible Employee performs services and such Eligible Employee receives an Offer of Comparable Employment from the management of such Business Unit in connection with the sale or transfer of such Business Unit.

  • In the event of a termination of employment by the Executive on his own initiative after delivery of 10 business days advance written notice, other than a termination due to death, Disability, a Resignation Following No Offer of Comparable Employment, the Executive shall have the same entitlements as provided in Section 8(c)(ii) above for a termination for Cause.

  • Other factors associated with an offer of employment, such as the job description and responsibilities, the opportunity for stock-based compensation, and the level of benefits or perquisites, will not be considered for purposes of determining whether an offer of employment constitutes an Offer of Comparable Employment under this Plan.

  • If an Eligible Employee receives an offer of employment from the management of a Business Unit that is not an Offer of Comparable Employment, such employee may either decline the offer and receive Plan Benefits or accept the offer and begin employment in the new position.


More Definitions of Offer of Comparable Employment

Offer of Comparable Employment means an offer of employment to a Participant that provides for similar target total compensation and does not require the Participant to relocate to an employment location which is 50 or more miles from his or her current work location.
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Offer of Comparable Employment means an offer of employment to transfer to a new employer, which was an affiliate of the Company prior to the occurrence of a Change of Control, with a title that is substantially similar to the title held by the Executive immediately prior to such offer and an equivalent annual rate of base salary and bonus target to that paid to the Executive immediately prior to such offer. An Offer of Comparable Employment shall exist even if the Executive is required to relocate, provided that the Executive is offered a relocation package consistent with the Company’s relocation package in effect immediately prior to the Change of Control (as defined above).
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Offer of Comparable Employment means an offer of employment to an Eligible Employee that (i) has a Base Pay for such employee which is not less than the Base Pay in effect for the employee on the day immediately prior to the effective date of the transfer of the Business Unit, (ii) provides the employee with an opportunity to earn an annual cash bonus which is comparable to the target level that such employee can earn under an applicable cash bonus plan offered by the Company to which such employee is eligible on the day immediately prior to the effective date of the transfer of the Business Unit, and (iii) does not require the employee to transfer to another employment location which is more than 50 miles farther from the Eligible Employee's residence than was the location at which the Eligible Employee was employed immediately prior to the date of the transfer of the Business Unit. For purposes of item (ii) in the preceding sentence, an offer of employment may constitute an "Offer of Comparable Employment" even though the performance standards to be used to determine whether a bonus will be paid or the level of such bonus are different from standards used by the Company. In addition, an offer of employment may satisfy the requirement set forth in item (ii), above, even though the bonus opportunity of the new offer is less than annual target bonus, if the combination of base pay and bonus opportunity of the new offer is comparable to the sum of base pay and annual target bonus in effect at the time of the transfer of the Business Unit. Other factors associated with an offer of employment, such as the job description and responsibilities, the opportunity for stock-based compensation, and the level of benefits or perquisites, will not be considered for purposes of determining whether an offer of employment constitutes an "Offer of Comparable Employment" under this Plan.
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Offer of Comparable Employment means an offer of employment that meets the following requirements: (1) the offered initial role is comparable to the employee’s role as of immediately prior to the Offer Date, (2) the offered initial base salary for a salaried employee or initial hourly wage for an hourly employee is no less favorable than the base salary or hourly wage, as applicable, provided by the Seller to such employee immediately prior to the Offer Date, (3) the offered initial work location is the same or within a 50-mile commuting radius of the employee’s work location as of immediately prior to the Offer Date (or is closer in distance to the employee’s home than the employee’s work location is as of immediately prior to the Offer Date), and (4) the offered initial full-time or part-time status is the same as the employee’s full-time or part-time status as of immediately prior to the Offer Date; provided, in each case, that the Purchaser’s offer of employment is updated to reflect the role, salary or wage, work location, and full- or part-time status in effect as of immediately prior to the Closing Date to the extent of any such change in accordance with Section 4.6.
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Offer of Comparable Employment means an offer of employment containing (i) a minimum employment term of not less than three (3) years, (ii) a minimum initial base salary of $325,000 per annum, subject to adjustment for inflation (which shall be at least 5% per annum) and to discretionary annual increases, (iii) bonuses which are comparable to the Income Bonus and the Cash Flow Bonus in the Arfa Employment Agreement (as hereinafter defined) which the Buyer in good faith reasonably believes will result in Arfa receiving aggregate annual bonuses of not less than $200,000 based on targets of comparable difficulty and/or probability of achieving as the targets set forth in the Arfa Employment Agreement; and (iv) annual stock option grants on terms no less favorable than those contained in the Employment Agreement.
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Related to Offer of Comparable Employment

  • Comparable Employment means employment on terms which provide (a) the same or greater rate of base pay or salary as in effect immediately prior to Executive’s termination, (b) the same, equivalent or higher job title and level of responsibility as Executive had prior to Executive’s termination, (c) equivalent or higher bonus opportunity as the bonus opportunity for the year preceding the year in which the termination occurs, and d) a principal work location that is both (i) no more than forty-five (45) miles from Executive’s principal work location immediately prior to Executive’s termination and (ii) no more than thirty (30) miles farther from Executive’s principal weekday residence than was Executive’s principal work location immediately prior to the termination.

  • Comparable Employee means as defined in Regulation 5(4) of the AWR being an employee of the Hirer who:

  • Suitable employment or "suitable job" means employment or a job:

  • Covered employment means employment in a covered position.

  • Active Employment means you must be actively at work for the Sponsor:

  • Fixed-term employment means the engagement of an employee on the basis of a written contract of employment for a fixed period:

  • Self-employment shall be where a Claimant sets up his/her own business and is responsible for paying his/her tax and National Insurance.

  • Customized employment means an approach to supported employment which individualizes the employment relationship between employees and employers in ways that meet the needs of both. Customized employment is based on an individualized determination of the strengths, needs, and interests of the person with a disability and is also designed to meet the specific needs of the employer. Customized employment may include employment developed through job carving, self-employment or entrepreneurial initiatives, or other job development or restructuring strategies that result in job responsibilities being customized and individually negotiated to fit the needs of the individual with a disability. Customized employment assumes the provision of reasonable accommodations and supports necessary for the individual to perform the functions of a job that is individually negotiated and developed.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Supported employment means the ongoing supports to participants who, because of their disabilities, need intensive ongoing support to obtain and maintain an individual job in competitive or customized employment, or self-employment, in an integrated work setting in the general workforce at or above the state’s minimum wage or at or above the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals without disabilities. The outcome of this service is sustained paid employment at or above the minimum wage in an integrated setting in the general workforce in a job that meets personal and career goals. Supported employment services can be provided through many different service models.

  • Ceased employment means anyone who has exited the organisation for whatever reason, including resignations, redundancies and dismissals.

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • employment zone means an area within Great Britain designated for the purposes of section 60 of the Welfare Reform and Pensions Act 1999 and an “employment zone programme” means a programme established for such an area or areas designed to assist claimants for a jobseeker’s allowance to obtain sustainable employment;

  • Qualified employment position means a permanent full-time

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Successor Employer is defined as the merged or amalgamated Children’s Aid Society designated by the MCYS that results from integration and employs employees of a Predecessor Employer such that PSLRTA or the OLRA, if applicable to Children’s Aid Societies, would apply to it.

  • Employment agency means a person regularly undertaking with or without compensation to procure employees for an employer or to procure for employees opportunities to work for an employer and includes an agent of such a person.

  • Employment means any occupation, vocation or employment, or any form of vocational or educational training. Provided, however, that "employment" shall not, for the purposes of this article, include membership in any law enforcement agency.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.

  • Scope of employment means performance by an employee acting in good faith within the duties of the employee’s office or employment or of tasks lawfully assigned by a competent authority including the operation or use of an agency vehicle or equipment with actual or implied consent of the supervisor of the employee, but shall not include corruption or fraud;