Common use of Change of Employer Clause in Contracts

Change of Employer. In the event of a change of Employers in a building the RAB shall use its best efforts to have the succeeding Employer join the RAB and become bound to the terms of this agreement. The Employer shall, if possible, give the Union at least twenty (20) days advance notice of any change of Employer in the building. In the event an Employer terminates an employee or employees as a direct result of the sale or transfer of a building and has not required the purchaser or transferee to hire the existing employees and continue the wages, terms and conditions in effect at the time of said sale or transfer, the terminated employee(s) shall receive from such terminating Employer severance pay in the amount of three (3) months' pay, along with Annuity Fund and Pension Fund contributions, in addition to any other accrued payments due under this Agreement. The terminating Employer shall also cover terminated employees under the Health Fund for up to three (3) months at forty (40) hours per week or until such employee obtains coverage from a new job, whichever is less. If the existing or new Employer places the displaced employee in a comparable position with the same or new Employer, Managing Agent or employing entity the foregoing obligations shall not apply.

Change of Employer. In the event of a change of Employers in a building the RAB shall use its best efforts to have the succeeding Employer join the RAB and become bound to the terms of this agreement. The Employer shall, if possible, give the Union at least twenty (20) days advance notice of any change of Employer in the building. In the event an Employer terminates an employee or employees as a direct result of the sale or transfer of a building and has not required the purchaser or transferee to hire the existing employees and continue the wages, terms and conditions in effect at the time of said sale or transfer, the terminated employee(s) shall receive from such terminating Employer severance pay in the amount of three (3) months' ’ pay, along with Annuity Fund and Pension Fund contributions, in addition to any other accrued payments due under this Agreement. The terminating Employer shall also cover terminated employees under the Health Fund for up to three (3) months at forty (40) hours per week or until such employee obtains coverage from a new job, whichever is less. If the existing or new Employer places the displaced employee in a comparable position with the same or new Employer, Managing Agent or employing entity the foregoing obligations shall not apply.

Change of Employer. In the event of a change of Employers in a building the RAB shall use its best efforts to have the succeeding Employer join the RAB and become bound to the terms of this agreement. The Employer shall, if possible, give the Union at least twenty (20) days advance notice of any change of Employer in the building. In the event an Employer terminates an employee or employees as a direct result of the sale or transfer of a building and has not required the purchaser or transferee to hire the existing employees and continue the wages, terms and conditions in effect at the time of said sale or transfer, the terminated employee(s) shall receive from such terminating Employer severance pay in the amount of three (3) months' month’s pay, along with Annuity Fund and Pension Fund contributions, in addition to any other accrued payments due under this Agreement. The terminating Employer shall also cover terminated employees under the Health Fund for up to three (3) months at forty (40) hours per week or until such employee obtains coverage from a new job, whichever is less. If the existing or new Employer places the displaced employee in a comparable position with the same or new Employer, Managing Agent or employing entity the foregoing obligations shall not apply.