STORE CLOSING. A. The Employer shall give the Union twenty (20) working days’ notice in advance in writing in the event it intends to close permanently or dispose of any store, except for the permanent closing of a store that is to be replaced by a new store or the permanent closing of a store due to fire or natural disaster. The parties agree to meet after the notice has been given to discuss the effect of the store closing on employees.
B. This Agreement shall be binding upon the parties hereto and the heirs, executors, administrators, successors and assigns of each.
C. This Agreement shall be binding upon any person, firm or corporation, whether it is a successor to the Employer or not, and whether or not it conducts its business under the same name or a different name (whether through purchase of assets or stock, or otherwise) if it is operating essentially or substantially the same business or a part or subdivision thereof, directly or indirectly, in whole or in part, using the same or similar premises and/or working force.
D. It is understood and agreed that the Commonwealth shall, in the event of the disposition of all or part of the State Store operations as defined in any fashion in this clause, advise prospective buyers that this contract is binding in its entirety upon them for the duration of its term.
STORE CLOSING. Section 25.01 In the event the Employer closes or sells a store and employees are terminated as a result thereof, pro rata xxxx tion and severance pay equal to one (1) week's pay for each year of continuous service commencing with the third (3rd) year of con tinuous service for employees up to, but not to exceed, eight (8) weeks, pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee will receive pro rata severance pay for that year as follows:
STORE CLOSING. Landlord acknowledges Tenant's intent to close the department store to be operated on the Premises during the month of January, 1999. The "
STORE CLOSING. Notwithstanding anything herein to the contrary, Sublessee agrees to the cancellation of this Sublease and agrees to vacate the Subleased Premises on the date Sublessor ceases doing business in the Store unless a longer period is required by federal or state law, or unless this Sublease is transferred by Sublessor, as contemplated by Article XVI above. Sublessor agrees to give Sublessee as much notice as is practicable under the circumstances of Sublessor’s decision to cease doing business in the Shopping Center.
STORE CLOSING. In the event the Employer closes of sells a store and employees are terminated as a result thereof, pay equal to one (1) week’s pay for efch year<of continuous service commencing with the third (3rd) year for employees who regularly worked forty (40) hours pei* week afid the fifth (5th) year for employees who regularly worked less than forty (40) hours per week up to, but not to exceed eight (8) week's pay at their regular rate. However, for those employees who have an incomplete year of continuous srvice as an employee, will receive pro rata severance pay for that year as follows:
STORE CLOSING. 19.1 In the event the Employer closes or sells its store and employees are terminated as a result thereof, the Owner agrees to negotiate the effects of the closing on the employees with the Union. Additionally, in the event the Employer closes or sells its store and an employee is terminated as a result thereof, the Owner agrees to pay wages equivalent to one week of pay for each affected full-time employee who has three (3) years or more of continuous service. Such pay shall be made within forty-five
STORE CLOSING. In the event the Employer closes the majority of its stores in the Bargaining Unit, the Employer agrees to meet with the Union for the purpose of negotiating the severance of the employees thus affected.
STORE CLOSING. Notwithstanding anything herein to the contrary, Licensee agrees to the cancellation of this License and agrees to vacate the Licensed Premises on the date the Store ceases doing business in and at that location. Licensor shall be allowed to cease doing business in the Store at any time, for any reason. This License is subordinate to the Licensor's Store Lease in all respects. If Licensor's right to occupy is terminated or Licensor closes the Store for any reason, this License terminates without liability.
STORE CLOSING.
22.1 In the event the Employer closes or sells the majority of its stores in New Mexico or Bernalillo County, the Employer agrees to provide the Union with at least sixty days written notice and to meet with the Union for the purpose of negotiating the severance of the employees thus affected.
22.2 In the event of a sale or transfer of a store or stores, the Employer shall use good faith best efforts to have any successor employer retain all employees covered by this agreement and the Employer shall request that the new owner or transferee make reasonable effort to fill his employment needs in such store or stores from those employees of the seller or transferor who were employees in the stores sold or transferred.
STORE CLOSING. Notwithstanding anything herein to the contrary, Tenant agrees to the cancellation of this Lease and agrees to vacate the Demised Premises on the date Landlord ceases doing business in the Store unless a longer period is required by federal or state law, or unless this Lease is transferred by Landlord, as contemplated by Article XVI above. Landlord agrees to give Tenant as much notice as is practicable under the circumstances of Landlord's decision to cease doing business in the Shopping Center. EXHIBIT A COMMENCEMENT AGREEMENT Re: Store Lease Agreement dated ________ between Wal*Mart Stores, Inc. ("Landlord") and the undersigned financial institution ("Tenant") concerning Wal*Mart Supercenter No. ____, ___________(the "Store"). Landlord and Tenant confirm the following information with respect to the Store (capitalized terms not otherwise defined in this Agreement shall have the meaning given to them in the Store Lease Agreement), as of __________, 19_.
1. The Store Lease Agreement is in full force and effect and has not been modified, superseded or changed, except as follows:
2. Tenant accepted the Demised Premises and opened its Financial Service Facility on ___________.
3. The initial Lease Term commenced on __________ and will expire on _________. The first Renewal Term (if any) will commence on ___________ and will expire on _____________. The second Renewal Term (if any) will commence on __________ and will expire on _______________.
4. Tenant's obligation to make payments of Rent commenced on __________. Tenant's $_______ payment for Landlord's Work is due on or before _________ . Tenant's $_________ Key Money payment is due on or before ________. (See Payment Summary below).
5. LANDLORD REQUESTS THAT TENANT'S ACCOUNTING DEPARTMENT ESTABLISH AUTOMATIC PAYMENTS TO ENSURE RENT IS RECEIVED BY THE FIRST OF EACH MONTH. LANDLORD WILL NOT ISSUE INVOICES FOR RENT. RENT AND OTHER PAYMENTS SHOULD BE SENT TO: WAL*MART STORES, INC., X.X. XXX 000000, XX. XXXXX, XX 00000-0000. PAYMENT SUMMARY MONTHLY RENT PAYMENT DUE FOR DESCRIPTION INITIAL PAYMENT DUE INITIAL TERM EFFECTIVE ____ 1997 ------------ ------------------- --------------------------------- Landlord's Work $_______ Key Money _______ Prorated ____ Rent Payment _______ $________ TOTAL AMOUNT DUE $ ======= EXECUTED BY LANDLORD AND TENANT AS OF THE DATE SET FORTH ABOVE: Wal-Mart Stores, Inc. Tenant By:__________________ By:________________________ Title:_______________ Title:_____________________ MONTHLY R...
