Common use of Employee Arrangements Clause in Contracts

Employee Arrangements. 6.1 The parties shall, with the employees’ free will and legitimate interests in mind, make suitable arrangements with regard to the employees of Dongsheng to ensure stability, and to comply with relevant laws, regulations and policies. 6.2 The New Company shall give preference to the employees hired by Dongsheng before the Establishing Day of the New Company in accordance with the Arrangement Plan to be confirmed by the parties. As for those old employees that are not hired by the New Company, Party A shall make arrangements for and compensate them in accordance with relevant laws, regulations and policies. If the New Company incurs losses because Party A does not arrange for them properly, Party A shall be responsible for the losses in accordance with the principles set forth in Article 5.2. 6.3 Party A shall be responsible for all of Dongsheng’s due but unpaid wages and salaries, benefits, insurance, injury and disability pensions, supplemental compensations and other fees before the Establishing Day of the New Company in accordance with the principles set forth in Article 5.2.

Appears in 2 contracts

Samples: Equity Transfer and Capital Increase Agreement (China Shen Zhou Mining & Resources, Inc.), Equity Transfer and Capital Increase Agreement (China Shen Zhou Mining & Resources, Inc.)

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Employee Arrangements. 6.1 The parties shall, with the employees’ free will and legitimate interests in mind, make suitable arrangements with regard to the employees of Dongsheng Meilan to ensure stability, and to comply with relevant laws, regulations and policies. 6.2 The New Company shall give preference to the employees hired by Dongsheng Meilan before the Establishing Day of the New Company in accordance with the Arrangement Plan to be confirmed by the parties. As for those old employees that are not hired by the New Company, Party A shall make arrangements for and compensate them in accordance with relevant laws, regulations and policies. If the New Company incurs losses because Party A does not arrange for them properly, Party A shall be responsible for the losses in accordance with the principles set forth in Article 5.25.1. 6.3 Party A shall be responsible for all of DongshengMeilan’s due but unpaid wages and salaries, benefits, insurance, injury and disability pensions, supplemental compensations and other fees before the Establishing Day of the New Company in accordance with the principles set forth in Article 5.25.1.

Appears in 1 contract

Samples: Equity Transfer Agreement (China Shen Zhou Mining & Resources, Inc.)

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Employee Arrangements. 6.1 The parties shall, with the employees’ free will and legitimate interests in mind, make suitable arrangements with regard to the employees of Dongsheng Meilan to ensure stability, and to comply with relevant laws, regulations and policies. 6.2 The New Company shall give preference to the employees hired by Dongsheng Meilan before the Establishing Day of the New Company in accordance with the Arrangement Plan to be confirmed by the parties. As for those old employees that are not hired by the New Company, Party A shall make arrangements for and compensate them in accordance with relevant laws, regulations and policies. If the New Company incurs losses because Party A does not arrange for them properly, Party A shall be responsible for the losses in accordance with the principles set forth in Article 5.2. 6.3 Party A shall be responsible for all of DongshengMeilan’s due but unpaid wages and salaries, benefits, insurance, injury and disability pensions, supplemental compensations and other fees before the Establishing Day of the New Company in accordance with the principles set forth in Article 5.2.

Appears in 1 contract

Samples: Equity Transfer Agreement (China Shen Zhou Mining & Resources, Inc.)

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