Organizational Changes Sample Clauses
The Organizational Changes clause defines the procedures and obligations that apply when a party undergoes significant structural changes, such as mergers, acquisitions, or changes in control. Typically, this clause requires the affected party to notify the other party of such changes within a specified timeframe and may grant the non-affected party certain rights, such as the ability to terminate the agreement or renegotiate terms. Its core function is to protect both parties from unforeseen risks or disruptions that may arise due to major organizational shifts, ensuring stability and transparency in the contractual relationship.
Organizational Changes. As soon as possible and in any event within fifteen (15) Business Days after the effective date thereof, notice of any change in the name, jurisdiction of organization, organizational structure or location of records of the Borrower; provided that the Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral; and
Organizational Changes. 39 The Provider shall provide North Sound BH-ASO with ninety (90) calendar days’ prior written 40 notice of any change in the Provider’s ownership or legal status. The Provider shall provide 41 North Sound BH-ASO written notice of any changes to the Provider’s executive officers, 42 executive board members, or medical directors within seven (7) Business Days
Organizational Changes. (i) The Employer shall give the Union a minimum of two (2) months notice in the event the Employer has determined a reduction in bargaining unit employees and/or closure of programs, services or supports; layoffs; restructuring; or any other initiative that would impact the job security of bargaining unit members.
(ii) The Employer shall meet with the Union within fifteen (15) working days of the notice at which time the Employer shall advise the Union of its plans.
(iii) The Employer and the Union will continue to meet on an ongoing regular basis to minimize impact on service.
Organizational Changes.
A. In the event that new facilities are added and/or eliminated, departments are reorganized and a revision of current staffing and/or job specifications occur that effect WSF employees represented by OPEIU Local 8, the Employer shall notify the Union a minimum of sixty (60) days prior to the planned implementation date of the event.
B. The Union shall notify the Employer within thirty (30) days of having received the sixty (60) day notice regarding the Union’s intent to exercise its right to bargain over the effects of the proposed changes. If the Union fails to respond within thirty (30) days, the Union waives all rights pursuant to this Section. The parties shall meet to discuss and/or negotiate where appropriate, wages, hours of work and conditions of employment for any employee(s) so affected within fifteen (15) days from the date the Employer receives the demand to bargain notification from the Union. Should the parties fail to reach an agreement where negotiations are required within fifteen (15) working days or after a mutually agreed upon extension, the Union may pursue the matter through the grievance procedure as specified in Article 16 of the Collective Bargaining Agreement (CBA).
Organizational Changes. In the event the District desires to make organizational changes that affect bargaining unit employees, twenty calendar days prior to implementation of the organizational changes the District will hold discussion with the affected group of employees and the union including changing a position from non-exempt to exempt. Said discussion will include the following matters:
1. The reason for the change;
2. The proposed implementation date;
3. The name and job titles of all impacted bargaining unit employees;
4. The process for transfers or lay off. ARTICLE FOUR
Organizational Changes. The Borrower shall not, nor shall it permit any Corresponding Project Company to, (i) change its limited liability company structure or its jurisdiction of organization without the Majority Lenders’ prior written consent, such consent not to be unreasonably withheld or delayed, nor (ii) change its fiscal year without the Majority Lenders’ prior written consent, such consent not to be unreasonably withheld or delayed
Organizational Changes. As soon as possible and in any event within fifteen (15) Business Days after the effective date thereof, notice of any change in the name, jurisdiction of organization, organizational structure or location of records of the Borrower; provided that the Borrower agrees not to effect or permit any change referred to in the preceding sentence unless (x) all filings have been made under the UCC or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral and (y) if such change could reasonably be expected to have a Material Adverse Effect, the Borrower has obtained the prior written consent of the Required Lenders; and
Organizational Changes. When it is necessary for the department to make a significant reassignment of employees to a different geographic location due to organizational changes, the department shall so notify the Union sufficiently in advance to permit meeting and conferring on the method to be followed in reassigning employees. The meeting and conferring shall conclude within thirty (30) days of the time notice is given the Union. Nothing in this section shall prevent the County from making transfers it deems necessary in the event agreement is not reached on the method of reassignment. This section shall not apply to immediate reassignments due to emergencies or a shift of employees to balance programs or workload.
Organizational Changes. If during your term:
(1) You shall consolidate with, merge into, or sell all or substantially all of its assets to any other person or entity or group of persons or entities acting in concert; or
(2) any person or entity or group of persons or entities acting in concert shall acquire securities or voting rights which result in ownership or voting control by other entities or persons of more than fifty percent (50%) of the outstanding securities representing the rights to vote for the election of your directors;
Organizational Changes. (a) Merge or consolidate with any Person other than another Borrower or (b) enter into or engage in any business, operation or activity materially different from that presently being conducted by Borrowers.
