Adaptation clause. Where the structure of the undertaking or group of undertakings changes significantly, for example due to a merger, the EWC(s) needs to be adapted. This adaptation is carried out between the Select committee(s) and central management within one year of the restructure. EWCs will continue to operate, possibly with adaptations, until a new agreement is reached. This clause (Article 13 of Directive 2009/38/EC) applies to all situations if no agreement can be made by the Select committee(s) and central management.
Adaptation clause. In the event of significant changes in the Group structure resulting from company operations and if there is another EWC, in line with the provisions of Art. 13 of the Directive the Parent Company and the Select Committee agree as from now that they shall identify the most suitable manner and timeframe to open up a dialogue with EWC representatives of the new entity, in order to identify (if need be) legal adjustments establishing common rules that may govern any divergent rules.
Adaptation clause. If significant changes take place in the structure of the Renault Group because a merger, acquisition or split, resulting in a conflict between the provisions of two or more applicable agreements relating to group councils, the management will start the necessary negotiation for adjustments to the structure in accordance with European directive 2009/38 of 6 May 2009. Throughout the term of this negotiation, the existing group councils will continue to function according to methods adapted by agreement. At the end of the negotiation, a single Group Works Council will sit.
Adaptation clause. Where the structure of the undertaking or group of undertakings changes significantly, for example due to a merger, the EWC(s) needs to be adapted. This adaptation is carried out between the Select committee(s) and central management within one year of the restructure. EWCs will continue to operate, possibly with adaptations, Diffusé par Planet Labor until a new agreement is reached. This clause (Article 13 of Directive 2009/38/EC) applies to all situations if no agreement can be made by the Select committee(s) and central management. DATE AND SIGNATURES: On behalf of Telefónica on: Xxx Xxxxxxxx Date Chairperson & CEO On behalf of the Telefónica EWC on: Xxxxxx Xxxxxxx Date EWC Chairman, Telefónica UK Xxxx Xxxxx Date Telefónica Ireland Xxxxxxx Xxxxxxxx Date Telefónica Czech Republic Xxxxx Xxxxxxx Date Telefónica Czech Republic Xxxxxxxxx Xxxxx Date Telefónica Germany Xxxxxx Xxxxx Date Telefónica Slovakia Xxxx Xxxxxxxxxx Date Telefónica Germany Xxxxxxx Xxxxx Date Telefónica Germany Xxxxx Xxxxxxxxx Date Telefónica Germany Xxxxx Xxxxxx Date Telefónica Czech Republic Xxxx Xxxxx Date Telefónica Czech Republic Xxxxx Xxxxxxxx Date Telefónica Czech Republic Xxx Xxxxxx Date Telefónica United Kingdom Xxxxx XxXxxxx Date
Adaptation clause. In the event of significant changes in the structure of the Ferrero Group, occurring before the agreement expires, the parties undertake to organise an encounter between the various interested parties to make the necessary adaptations to this agreement. In any case, this agreement may be modified or supplemented at any time, with the consent of at least 2/3 of the members of the EWC, EFFAT and the representatives of the Ferrero Group. Concluding provisions This agreement will be valid for 5 years and may be renewed when it expires. At least three months before the expiry date, the EWC will meet to consider the conditions for its extension. The parties acknowledge that this agreement, which meets the objectives of Directive 94/45/CE, complies with the conditions of art. 13 paragraph 1 of the same and with art. 14, paragraph 1, first part of point a) of Directive 2009/38/CE. The official version of the agreement is the one negotiated and signed in Italian, and this version will be valid in the event of uncertainties regarding interpretation, because the agreement and the EWC itself are subject to Italian law. The Turin court is exclusively cognisant. Participation in the agreement is left to the autonomous decision of each representative of the workers in each headquarters or plant of a national company. An internal functioning regulation is annexed to this agreement; it may be modified at the request of 2/3 of the members of the EWC and in agreement with management, even before the expiry of this agreement. Read, approved and signed. FERRERO S.P.A. RAPPRESENTANZE SINDACALI UNITARIE FERRERO ARDENNES S.A. CONSEIL D’ENTREPRISE FERRERO FRANCE S.A. COMITE' D'ENTREPRISE FERRERO O.H.G.mbH FERRERO MSC GmbH & Co. KG FERRERO Deutschland GmbH BETRIEBSRAT FERRERO POLSKA SP. ZO.O ZESPOL PRACOWNICZY FERRERO IRELAND LTD SHOP STEWARDS assisted by: EFFAT and by: NGG CSC FGTB CFE-CGC Agro CSFV - CFTC SIPTU
Adaptation clause. An adaptation/renegotiation clause, which can be used as an alternative to or in conjunc- tion with a stabilization clause, can provide both parties with protection against difficul- ties that may arise if the conditions existing at the time of signing the agreement change. With the adaptation clause, the investor is obliged to negotiate with the foreign inves- tor if the host state (or state-owned company) changes the terms of the agreement, rather than unilaterally changing them33.
