Mergers of Companies-General. (a) In the event the Employer is a party to a merger of lines, seniority of the employees who are affected thereby shall be determined by mutual agreement between the Employer and the Local Unions involved. In the application of this Section, it is immaterial whether the transaction is called a merger, purchase, acquisition, sale, etc. Further, it is also immaterial whether the transaction involves merely the purchase of stock of one (1) corporation by another, with two (2) separate corporations continuing in existence.
Appears in 6 contracts
Samples: Master Freight Agreement, YRC Worldwide Inc., Collective Bargaining Agreement (Arkansas Best Corp /De/)
Mergers of Companies-General. (a) In the event the Employer is a party to a merger of lines, seniority senior- ity of the employees who are affected thereby shall be determined by mutual agreement between the Employer and the Local Unions involved. In the application of this Section, it is immaterial whether the transaction trans- action is called a merger, purchase, acquisition, sale, etc. Further, it is also immaterial whether the transaction involves merely the purchase of stock of one (1) corporation by another, with two (2) separate corporations continuing in existence.
Appears in 5 contracts
Samples: Yrcw National Master Freight Agreement, Arcbest Corp /De/, Master Freight Agreement
Mergers of Companies-General. (a) In the event the Employer is a party to a merger of lines, seniority senior- ity of the employees who are affected thereby shall be determined by mutual agreement between the Employer and the Local Unions involved. In the application of this Section, it is immaterial whether the transaction trans- action is called a merger, purchase, acquisition, sale, etc. Further, it is also immaterial whether the transaction involves merely the purchase pur- chase of stock of one (1) corporation by another, with two (2) separate sep- arate corporations continuing in existence.
Appears in 3 contracts
Samples: National Master Freight Agreement, Master Freight Agreement, National Master Freight Agreement
Mergers of Companies-General. (a) In the event the Employer is a party to a merger of lines, seniority of the employees who are affected thereby shall be determined by mutual agreement between the Employer and the Local Unions involved. In the application of this Section, it is immaterial whether the transaction is called a merger, purchase, acquisition, sale, etc. Further, it is also immaterial whether the transaction involves merely the purchase of stock of one (1) corporation by another, with two (2) separate corporations continuing in existence.. Combining of Terminals or Operations as a Result of Merger of Companies
Appears in 1 contract
Samples: Teamsters And
