Common use of Merger, Sale or Lease of Operations Clause in Contracts

Merger, Sale or Lease of Operations. While it is not the policy of the Employer to merge, sell or lease operations, the Employer agrees that should it happen, the seniority of the employees taken over shall be dovetailed with the existing employees, except that if one of the merged, sold, or leased companies is insolvent at the time of the take-over, the employees of the insolvent company will go to the bottom of the list. The Employer shall not require, as a condition of continued employment, that an employee purchase truck, tractor and/or trailer or other vehicular equipment or that any employee purchase or assume any proprietary interest or other obligation in the business.

Merger, Sale or Lease of Operations. While it is not the policy of the Employer to merge, sell or lease operations, the Employer agrees that should it happen, the seniority of the employees taken over shall be dovetailed with the existing employees, except that if one of the merged, sold, or leased companies compa­ xxxx is insolvent at the time of the take-over, the employees of the insolvent company will go to the bottom of the list. The Employer shall not require, as a condition of continued employmentem­ ployment, that an employee purchase truck, tractor and/or trailer or other vehicular equipment or that any employee purchase or assume as­ sume any proprietary interest or other obligation in the business.

Merger, Sale or Lease of Operations. While it is not the policy of the Employer to merge, sell or lease operations, the Employer agrees that should it happen, the seniority of the employees taken over shall be dovetailed with the existing employees, except that if one of the merged, sold, or leased companies compa- xxxx is insolvent at the time of the take-over, the employees of the insolvent company will go to the bottom of the list. The Employer shall not require, as a condition of continued employment, that an employee purchase truck, tractor and/or trailer or other vehicular equipment or that any employee purchase or assume any proprietary interest or other obligation in the businessbusi- ness.

Merger, Sale or Lease of Operations. While it is not the policy of the Employer to merge, sell or lease operations, the Employer agrees that should it happen, the seniority of the employees taken over shall be dovetailed with the existing employees, except that if one of the merged, sold, or leased companies compa- xxxx is insolvent at the time of the take-over, the employees of the insolvent company will go to the bottom of the list. The Employer shall not require, as a condition of continued employmentem- ployment, that an employee purchase truck, tractor and/or trailer or other vehicular equipment or that any employee purchase or assume as- sume any proprietary interest or other obligation in the business.