Common use of Sale, Lease, Transfer or Other Disposal of Business Operations Clause in Contracts

Sale, Lease, Transfer or Other Disposal of Business Operations. The Employer agrees that upon sale, lease, transfer or other disposal of its business or operation or any part of its business or operation to any other person or company, the Employer shall inform the other person or company of any existing Collective Agreement or Manitoba Labour Board Certification affecting or relating to the business or operation or part thereof, and the Employer further agrees that it shall be an express term of any contract, sale, lease, transfer, request to bid, or other disposition as responsibility and obligations accruing by virtue of the aforementioned Collective Agreement or Manitoba Labour Board Certification. It is distinctly understood that all employees will be retained in their employment without any change in employment status during the term of this Collective Bargaining Agreement.