Common use of SALE AND PURCHASE OF BUSINESS Clause in Contracts

SALE AND PURCHASE OF BUSINESS. (a) If the Employer is proposing a sale, transfer or restructuring of its business so that Employees’ work may be performed for a new employer, the Employer shall negotiate with the new employer about the sale, transfer or restructuring to the extent that it relates to affected employees.

Appears in 2 contracts

Samples: Individual Employment Agreement, Individual Employment Agreement

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SALE AND PURCHASE OF BUSINESS. (a) If the Employer is proposing we propose a sale, transfer or restructuring of its our business so that Employeesemployees’ work may be performed for a new employer, the Employer we shall negotiate with the new employer about the sale, transfer or restructuring to the extent that it relates to affected employees.

Appears in 2 contracts

Samples: Employment Agreement (Rocket Lab USA, Inc.), Employment Agreement (Rocket Lab USA, Inc.)

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SALE AND PURCHASE OF BUSINESS. 17.1 (a) If the Employer is proposing a sale, transfer or restructuring of its business so that Employees' work may be performed for a new employer, the Employer shall negotiate with the new employer about the sale, transfer or restructuring to the extent that it relates to affected employees.

Appears in 2 contracts

Samples: Individual Employment Agreement, Individual Employment Agreement

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