ENHANCED EMPLOYMENT OPPORTUNITIES. Section 1 In the event that a carrier sells or leases its interest in one or more rail lines to a non-carrier pursuant to a transaction authorized under 49 U.S.C. §10901 (or any successor provision) as to which labor protective conditions have not been imposed by any governmental authority, any employee represented by the organization signatory hereto who (i) as a result of that transaction is deprived of employment with the carrier because of the abolition of his position, and (ii) does not accept employment with the purchaser shall be entitled to the benefits set forth in Section 2.
Appears in 5 contracts
Samples: Wage Agreement, Collective Bargaining Agreement, Wage Agreement
ENHANCED EMPLOYMENT OPPORTUNITIES. Section 1 In the event that a carrier Carrier sells or leases its interest in one or more rail lines to a non-carrier Carrier pursuant to a transaction authorized under 49 U.S.C. §10901 (or any successor provision) as to which labor protective conditions have not been imposed by any governmental authority, any employee represented by the organization signatory hereto who (i) as a result of that transaction is deprived of employment with the carrier Carrier because of the abolition of his position, and (ii) does not accept employment with the purchaser shall be entitled to the benefits set forth in Section 22 below.
Appears in 1 contract
Samples: Labor Agreement