Reorganization and Restructuring. 8.a The appointing authority schedules a meeting with HR to discuss the proposal to reorganize workflows within the department and/or restructuring work assignments and classifications.
Reorganization and Restructuring. Prior to the Closing, the Sellers, the Sale Companies and Buyers shall consider in good faith any and all internal restructuring steps and consider any transactions and elections as may be requested by the Buyers or Sellers in their respective sole discretion (including capital contributions, cross-chain sales, dividend distributions, spin-offs, mergers, redemptions, tax elections, conversions and reincorporations). Notwithstanding the foregoing, (a) the failure of any such reorganization or restructuring steps to occur shall in no way delay the Closing of the transactions contemplated by this agreement, (b) the applicable Buyers or Sellers, as the case may be, shall bear all costs related to any such reorganization or restructuring including any costs incurred by any the other Parties, (c) the other Parties shall have no liability for the failure of any such reorganization or restructuring steps to occur, (d) no Company Buyer shall have any Liability for any such reorganization or restructuring proposed by any GM Buyer and (e) no GM Buyer shall have any Liability for any such reorganization or restructuring proposed by the Company Buyer.
Reorganization and Restructuring. Prior to the Closing, the Sellers, the Sale Companies and Buyers shall consider in good faith any and all internal restructuring steps and consider any transactions and elections as may be requested by the Buyers or Sellers in their respective sole discretion (including capital contributions, cross-chain sales, dividend distributions, spin-offs, mergers, redemptions, tax elections, conversions and reincorporations). Notwithstanding the foregoing, (a) the failure of any such reorganization or restructuring steps to occur shall in no way delay the Closing of the transactions contemplated by this agreement, (b) the applicable Buyers or Sellers, as the case may be, shall bear all costs related to any such reorganization or restructuring including any costs incurred by any the other Parties, and (c) the other Parties shall have no liability for the failure of any such reorganization or restructuring steps to occur.
Reorganization and Restructuring. The Employer shall advise the Union as soon as reasonably possible of departmental reorganization that impacts the job functions and/or the job security of bargaining unit members in order to review the reasons for the change, the impact of the change, and the options available to the affected Employee(s). In the event of Employer initiated restructuring that results in functional redundancies, the Employer will seek voluntary resignations from those in the same job first. Employees will have ten (10) Business Days from the Employer’s offer of voluntary severance to advise the Employer that they want to resign with severance. *14.3 Notification to the Union Prior to any Employee being issued a lay-off notice, the Employer will provide the Union with a list of vacant positions, number of the Employees to be laid off, the options to be provided to the Employee or Employees, and a list of Employees with their hourly and annual rates of pay, job titles, employment status, salary band, weekly hours, descriptions and Seniority dates. The information will be kept confidential to the Union prior to Employees receiving their lay-off notice. The Employer will advise the Union of any changes to the above-noted information prior to issuing any lay-off notice. Notice of lay-off shall be supplied concurrently to the Employee and the Union. In the event of lay-off of five (5) or more Employees in a single department, the Employer shall give the Union not less than thirty (30) Business Days’ notice.
