Principles Regarding Involvement With Respect to Successor Rights. Consistent with the parties’ commitment to deal with issues in an open and co-operative manner with the earliest possible involvement of each party, the parties have developed the following principles and intent: a) Prior to the finalization of negotiations that could lead to the sale of all or part of the business, privatization of all or part of a Business Unit, the creation of joint ventures or partnerships or other enterprises which could adversely impact on The Society’s bargaining rights or the contractual rights of its members, The Society will be consulted to the extent that circumstances reasonably permit. The Society agrees that confidentiality will be maintained. b) The parties agree to attempt to minimize the negative impacts on Xxxxx Power employees in these circumstances. Where it is in the mutual interests of the parties, they will make their best efforts to identify and investigate new opportunities to spin-off parts of Xxxxx Power. c) Xxxxx Power agrees to apprise any external third party involved in negotiations that Xxxxx Power has employees represented by The Society and Xxxxx Power will undertake to provide The Society with an opportunity to present its interests to the third party.
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
