Restructure. Merge or consolidate itself or any of its Subsidiaries with any other Person, or restructure, reorganize or completely or partially liquidate or dissolve it or any of its Subsidiaries.
Restructure. In the event of a unit, departmental, or hospital-wide restructure, the Medical Center will determine the number of full-time and part-time FTE’s by shift required for the new or restructured department or unit. Prior to determining the schedule, the Medical Center shall meet with the employees of the affected unit(s) or department(s) to discuss the reconfiguration of the FTE’s in the unit(s) or department(s) and the new work schedule(s). A listing of the FTE’s for each shift on the new or restructured unit(s) or department(s) shall be posted on the impacted unit(s) or department(s) for no less than ten (10) days. All other vacant bargaining unit positions shall also be posted on the impacted unit(s) and department(s) concurrently with the FTE list posting for no less than ten (10) days. By the end of the posting period, each employee in units or departments subject to or impacted by restructure, will have submitted to the Medical Center a written list that identifies in rank order of preference (first to last) all available positions for which the employee is willing to work. The Medical Center shall assign each employee, in order of seniority, to positions on the new or restructured unit(s) or department(s) based upon an Employee’s submitted preference list and the essential skills of the employee and the skills needed in the available positions.
Restructure. Make any material change in Borrower’s financial structure or business operations (other than through the sale of preferred stock to equity investors which does not result in a change of control of Borrower); or suspend operation of Borrower’s business.
Restructure. Make any change in Borrower's financial restructure, the ----------- principal nature of Borrower's business operations (taken as a whole), or the date of its fiscal year.
Restructure. If EasyLink (a) successfully raises a minimum of $10,000,000.00 of capital by no later than October 31, 2001 (the "Financing Condition"); and (b) enters into a restructuring arrangement with Xxxxxx Xxx Xxxx with respect to his outstanding $9.2 million note and lessors holding the outstanding obligations under EasyLink's existing equipment leases (other than exceptions agreed to by ATT) on terms and conditions, taken as a whole, that are not more favorable to any of such creditors than the terms hereof (the "Other Creditor's Condition"), then the Original Note shall be amended and restated in the form of the Note (as defined below) and converted into the right to receive the Shares and the Warrants and EasyLink shall enter the Registration Rights Agreement on the following terms and conditions:
(a) EasyLink shall execute and deliver to ATT a promissory note in the principal amount of $10,000,000 (the "Note"). The Note shall be in the form attached hereto as Exhibit A. The Note shall continue to be secured by the Security Interests under the Security Documents.
(b) EasyLink shall deliver 10,000,000 shares of EasyLink's Class A common stock, par value $.01 per share ("Shares") to ATT. Such number of Shares shall be appropriately adjusted in the event the Company shall effect a stock split, stock dividend or stock combination on or before the closing.
(c) EasyLink shall deliver warrants to purchase 10,000,000 shares of EasyLink's Class A common stock, par value $.01 per share ("Warrants") to ATT. The Warrants shall shall be in the form attached hereto as Exhibit B. The Warrants shall expire ten (10) years from the date of issue and shall have an exercise price equal to the average of the closing prices of EasyLink's Class A common stock over the 30 trading days ending two days before the closing. The initial exercise price under the Warrants and the number of shares issuable upon exercise of the Warrants shall be appropriately adjusted in the event the Company shall effect a stock split, stock dividend or stock combination on or before the closing and thereafter shall be subject to adjustment as provided in the form of Warrants.
(d) EasyLink will execute, and ATT shall be entitled to become a party to a registration rights agreement which will obligate EasyLink to file a registration statement covering the resale of the Shares and the shares issuable upon exercise of the Warrants within 45 days from closing of the issuance of the Note, the Shares and the Warra...
Restructure. Make any change in the principal nature of Borrower’s and its Subsidiaries’ business operations (taken as a whole) or the date of its fiscal year.
Restructure. Restructure means the reallocation of employees within a unit or department due to the merger, consolidation or other overall reorganization of units or departments resulting in a mandatory shift change, a mandatory unit or department change, and/or an increase in FTE status. If a restructure results in a reduction in force, however, the provisions of Section 6.2 shall apply instead of the provisions of this section. It is understood that determinations regarding the staffing of units or departments, including whether the restructure of a unit or department is advisable, are the exclusive right of management.
6.5.1 The Employer shall notify the Union and employees who may be displaced by a restructure at least thirty (30) days prior to implementation of the restructure. The Employer will be available to meet with the Union within the 30 days to discuss the procedures to be utilized to accomplish the restructure.
6.5.2 The parties will negotiate the specific procedure to be followed regarding the impact of a restructure on displaced employees. Among qualified personnel, the principle of seniority shall be recognized. Attempts will be made to accomplish a unit restructure through intra-unit transfers to the extent possible.
6.5.3 Employees who hold positions outside the unit or the department that is undergoing a restructure may not bid on positions covered by the restructure until the process is completed for all unit/department employees.
Restructure. Restructure means the reallocation of employees within a unit or department due to the merger, consolidation or other overall reorganization of units or departments resulting in a mandatory shift change, a mandatory unit or department change, change in regularly scheduled work hours and/or days and/or an increase in FTE status. If a restructure results in a reduction in force, however, the provisions of Section
Restructure. Make any material change in Borrower’s corporate structure or business other than the business of the type conducted by Borrower as of the date of this Agreement or any business reasonably related or incidental thereto; or suspend operation of Borrower’s business.
