Sale, Transferor Contracting Out Sample Clauses

Sale, Transferor Contracting Out. The employer recognises the serious consequences that the loss or change of employment can have on individual employees and seeks to minimise those consequences. In the event of the sale, merger, transfer, contracting out or outsourcing of all or part of the business the employer will make every endeavour to ensure that employees are offered on-going employment on no less favourable terms and conditions of employment. Where the employee’s employment is being terminated by the employer by reason of staff surplus, nothing in this agreement shall require the employer to pay compensation for redundancy to the employee if the employee has received an offer of employment in a position that is directly comparable to their existing position, on no less favourable terms and conditions of employment, and treating the employee’s service as continuous, or in a capacity that the employee is willing to accept.
AutoNDA by SimpleDocs

Related to Sale, Transferor Contracting Out

  • Automatic transfer to new card account If you are issued with a replacement card with a different card number, you will need to re-establish any recurring payment instructions you have with your respective billing organization(s) to avoid any disruption to your bill payments and/or lapses in your policies (where applicable) and we will not be liable for any loss or damages incurred by you in connection with your failure to do such update. Further, if your recurring payment instruction is with a Specified Organisation named in xxxx://xxxxxxxx.xxx.xx/recurringmerchants, you agree that we may, but are not obliged to, automatically charge your bills to such replacement card.

  • Assuming Bank Portfolio Sales of Remaining Single Family Shared-Loss Loans The Assuming Bank shall have the right with the concurrence of the Receiver to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Single Family Shared-Loss Loans held by the Assuming Bank at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Bank exercises its option under this Section 4.1, it must give thirty (30) days notice in writing to the Receiver setting forth the details and schedule for the Portfolio Sale which shall be conducted by means of sealed bid sales to third parties, not including any of the Assuming Bank’s affiliates, contractors, or any affiliates of the Assuming Bank’s contractors. Sales of Restructured Loans shall be sold in a separate pool from Single Family Shared-Loss Loans not restructured. The Receiver’s review of the Assuming Bank’s proposed Portfolio Sale will be considered in a timely fashion and approval will not be unreasonably withheld, delayed or conditioned.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!