For a period of one (1) year following the Initial Closing Date (unless such Transferred Employee’s employment with the Buyer or any of its Affiliates is terminated prior thereto ) , each Transferred Employee shall be entitled to receive while in the employ of the Buyer or any of its Affiliates (i) base compensation and annual cash incentive bonus opportunity at least equal to such Transferred Employee’s base compensation and annual cash incentive bonus opportunity for the period immediately prior to the Initial Closing, and (ii) all other benefits (excluding equity-based compensation) that are substantially comparable in the aggregate to the other benefits (excluding equity-based compensation) provided to similarly situated employees of the Buyer and its Affiliates. The Buyer shall, or shall cause its Affiliates to, use commercially reasonable efforts to cause each Transferred Employee and their eligible spouses and dependents to be immediately eligible to participate, without any waiting time, in any and all corresponding retirement or other employee benefit plan, program or arrangement of the Buyer or any of its Affiliates (the “ Buyer Plans ”).