Common use of NEW OWNER Clause in Contracts

NEW OWNER. This Agreement shall be binding upon the successors and assigns of the parties hereto. In the event of bona fide sale or transfer of thirty percent (30%) or more of the stores in Southern California, within a period of three (3) months, the new owner or such transferee shall be notified of the obligation of this Agreement and be required to become a party hereto. The former owner shall be required to meet any and all monetary benefits that employees have accumulated under this Agreement.

Appears in 9 contracts

Samples: Retail Pharmacist Agreement, Retail Pharmacist Agreement, Retail Pharmacist Agreement

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