Common use of Reconstruction Clause in Contracts

Reconstruction. 13.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their services with the restructured entity or any concern or undertaking on terms and conditions no less favourable to their in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 2 contracts

Samples: Executive Director Service Agreement, Executive Director Service Agreement

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Reconstruction. 13.1 12.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their services with the restructured entity or any concern or undertaking on terms and conditions no less favourable to their in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Executive Director Service Agreement

Reconstruction. 13.1 7.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their his/her services with the restructured entity or any concern or undertaking on terms and conditions no less favourable to their him/her in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Director Appointment Agreement

Reconstruction. 13.1 8.1. If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their his services with the restructured entity or any concern or undertaking on terms and conditions no less favourable to their him in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Executive Director Service Agreement

Reconstruction. 13.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their her services with the restructured entity or any concern or undertaking on terms and conditions no less favourable favorable to their her in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Executive Director Service Agreement

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Reconstruction. 13.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their his services with the restructured entity or any concern or undertaking on terms and conditions no less favourable favorable to their him in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Executive Director Service Agreement

Reconstruction. 13.1 If this Agreement is terminated by reason of the liquidation of the Company or the transfer of its business to another one or more companies for the purpose of reconstruction or amalgamation and the Director is requested to provide their services with the restructured entity or any concern or undertaking on terms and conditions no less favourable to their in all respects than the provisions of this Agreement, the Director shall not have any claim against the Company or its successors-in-title in respect of such termination.

Appears in 1 contract

Samples: Executive Director Service Agreement

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