Common use of Beginning on the Closing Date Clause in Contracts

Beginning on the Closing Date. Buyer shall provide each Transferred Employee with (or shall cause the Transferred Employees to be provided with) compensation and employee benefits that are substantially comparable with the compensation and employee benefits of Cumulus Media Inc. (other than retiree welfare benefits or equity incentives), taking into account, to the extent relevant, the applicable market and the geographic location.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (KLIF Broadcasting, Inc.)