Common use of Sale or Transfer Clause in Contracts

Sale or Transfer. 1. In the event of a sale or transfer of a pharmacy or pharmacies, an employee shall be allowed a seven (7) day period from the date of announcement to the employees of the sale or transfer during which time he may determine whether he wishes to stay with the seller or whether he wishes to make application for employment with the new owner or transferee. In the event the employee chooses to remain with the seller, such choice shall not be construed as any guarantee of employment over and beyond the terms of this Agreement. 2. In the event of a sale or transfer of a pharmacy or pharmacies, the new owner or transferee shall make every effort to fill his employment needs in such pharmacy or pharmacies from those employees of the seller or transferor who were employed in the stores sold or transferred. 3. Such new owner or transferee, however, shall not be required to retain in his employ any of the employees of the seller or transferor. Any employee of the seller or transferor, who is employed within the thirty (30) day period referred to immediately below by the new owner or transferee, shall be employed on a probationary basis for a period of thirty (30) days from the date the new owner or transferee assumes responsibility for the management and operation of the pharmacy or pharmacies, subject to termination within such thirty (30) days with or without cause and without reference to seniority. Any termination within such thirty (30) day period shall not be reviewable through the grievance or arbitration procedures except for a violation of Section D-2 of this Article 17.

Sale or Transfer. 1. In the event of a sale or transfer of a pharmacy store or pharmaciesstores, an employee shall be allowed a seven (7) day period from the date of announcement to the employees of the sale or transfer during which time he may determine whether he wishes to stay with the seller or whether he wishes to make application for employment with the new owner or transferee. In the event the employee chooses to remain with the seller, such choice shall not be construed as any guarantee of employment over and beyond the terms of this Agreement. 2. In the event of a sale or transfer of a pharmacy store or pharmaciesstores, the new owner or transferee shall make every effort to fill his employment needs in such pharmacy store or pharmacies stores from those employees of the seller or transferor who were employed in the stores sold or transferred. 3. Such new owner or transferee, however, shall not be required to retain in his employ any of the employees of the seller or transferor. Any employee of the seller or transferor, who is employed within the thirty (30) day period referred to immediately below by the new owner or transferee, shall be employed on a probationary basis for a period of thirty (30) days from the date the new owner or transferee assumes responsibility for the management and operation of the pharmacy store or pharmaciesstores, subject to termination within such thirty (30) days with or without cause and without reference to seniority. Any termination within such thirty (30) day period shall not be reviewable through the grievance or arbitration procedures except for a violation of Section D-2 of this Article 17.thirty