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. (b) In this clause, restructuring, new employer and affected employee have the meanings given to them by the Employment Relations Xxx 0000 (as amended) (c) The Employee hereby consents to the Employer disclosing personal information to the new employer regarding the Employee's employment for the purposes of complying with the Employer's obligations under this clause. (d) The Employer will adhere to the following process when negotiating with the new employer about the sale, transfer or restructure to the extent that it relates to affected employees: - The Employer will consult with affected employees regarding the proposed sale, transfer or restructuring. - The Employer will negotiate with the new employer regarding the possible transfer of affected employees. - The Employer will explain the terms and conditions of each Employee's employment to the new employer. - The Employer will explain how many employees work in the business and what role each one occupies. - The Employer will discuss whether the affected Employees will transfer to the new employer on the same terms and conditions of employment, whether the new employer can offer alternative positions to Employees and whether redundancy compensation, if any, will be available to those who do not transfer. - The Employer will alert the new employer to any questions or concerns that affected employees may have regarding the sale, transfer or restructuring. (e) No redundancy compensation is payable in the event of a redundancy

SALE AND PURCHASE OF BUSINESS. (a) If the Employer is proposing we propose a sale, transfer or restructuring of its our business so that Employees' employees’ 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. (b) In this clause, restructuring, new employer and affected employee have the meanings given to them by the Employment Relations Xxx 0000 Act 2000 (as amended). (c) The Employee employee hereby consents gives consent to the Employer disclosing us to disclose personal information to the new employer regarding the Employee's employee’s employment for the purposes of complying with the Employer's employer’s obligations under this clause. (d) The Employer We will adhere to the following process when negotiating with the new employer about the sale, transfer or restructure to the extent that it relates to affected employees: - The Employer employees:- i. We will consult with affected employees regarding the proposed sale, transfer or restructuring. ii. - The Employer We will negotiate with the new employer regarding the possible transfer of affected employees. iii. - The Employer We will explain the terms and conditions of each Employee's employee’s employment to the new employer. iv. - The Employer We will explain how many employees work in the business and what role each one occupies. - The Employer . v. We will discuss whether the affected Employees employees will transfer to the new employer on the same terms and conditions of employment, whether the new employer can offer alternative positions to Employees employees and whether redundancy compensation, if any, will be available to those who do not transfer. vi. - The Employer We will alert the new employer to any questions or concerns that affected employees may have regarding the sale, transfer or restructuring. (e) No redundancy compensation is payable in the event of a redundancy.

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. (b) In this clause, restructuring, new employer Employer and affected employee Employee have the meanings given to them by the Employment Relations Xxx 0000 Act 2000 (as amended). (c) The Employee hereby consents to the Employer disclosing personal information to the new employer regarding the Employee's ’s employment for the purposes of complying with the Employer's ’s obligations under this clause. (d) The Employer will adhere to the following process when negotiating with the new employer about the sale, transfer or restructure to the extent that it relates to affected employees: - The Employer As soon as feasible will consult with affected employees regarding the proposed sale, transfer or restructuring. - The Employer will negotiate with the new employer regarding the possible transfer of affected employees. - The Employer will explain the terms and conditions of each Employee's ’s employment to the new employer. - The Employer will explain how many employees work in the business and what role each one occupies. - The Employer will discuss whether the affected Employees will transfer to the new employer on the same terms and conditions of employment, whether the new employer can offer alternative positions to Employees and whether redundancy compensation, if any, will be available to those who do not transferEmployees. - The Employer will alert the new employer to any questions or concerns that affected employees may have regarding the sale, transfer or restructuring. (e) No redundancy compensation is payable in the event of a redundancy