Common use of Transfer of Company Title or Interest Clause in Contracts

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessors, administrators, executors and assigns. In the event an en- tire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership or bankruptcy proceedings, such operation or use of such rights shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transferee, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. The Employ- er shall give notice of the existence of this Agreement to any purchas- er, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessors, administrators, executors and assigns. In the event an en- tire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 re- ceivership or bankruptcy proceedings, such operation or use of such rights shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transfereetrans- feree, or lessee to agree to assume the obligations of this AgreementAgree- ment, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including includ- ing but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. The Employ- er Employer shall give notice of the existence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including in- cluding rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessors, administrators, executors and assigns. In the event an en- tire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 re- ceivership or bankruptcy proceedings, such operation or use of of Article 1 such rights shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transfereetrans- feree, or lessee to agree to assume the obligations of this AgreementAgree- ment, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including includ- ing but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. The Employ- er Employer shall give notice of the existence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including in- cluding rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessorssuccessors, administrators, executors and assigns. In the event an en- tire entire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receivership or bankruptcy proceedings, such operation or use of such rights shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transferee, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. The Employ- er Employer shall give notice of the existence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor lesser executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessors, administrators, executors and assigns. In the event an en- tire entire operation, or portion thereof, or rights only, are sold, leased, transferred trans- ferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receiver- ship or bankruptcy proceedings, such operation or use of such rights rights ARTICLE 1 shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transfereetrans- feree, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations obliga- tions of this Agreement. The Employ- er Employer shall give notice of the existence exis- tence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. a. This Agreement and Supplemental Agreements hereto, shall be binding upon the parties hereto, their suc- cessorssuccessors, administrators, executors and assigns. In the event an en- tire operationentire operation or any separable, or portion independent segment thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receivership or bankruptcy proceedings, such operation or use of such rights shall continue to be subject to the terms and conditions of this Agreement, for . The Employer shall give notice of the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions existence of this Agreement shall prevail. It is understood to any purchaser, transferee, lessee, assignee, etc., of the operation covered by this Section that Agreement or part thereof. The Union shall also be advised of the parties hereto shall exact nature of this transaction, not sellincluding financial details. If the Employer extends his existing operating authority by purchase, lease or transfer other method of acquisition, this Agreement shall apply to such run or runs or rights to a third (3rd) party to evade this Agreement. extended operation. b. In the event the Employer fails to require the purchaser, the transferee, transferee or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees the employee covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration dateAgreement, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. c. When the signator to this Agreement purchases rights from another signator, the purchaser must accept the affected employees of the seller before hiring any new employees. The Employ- er shall give notice of the existence applicable layoff provisions of this Agreement shall apply. When rights are sold to any purchas- era non-signator to this Agreement, transfereeand such purchaser is the sole bidder, lessee, assignee, etc., the provisions of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial detailsapply.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessorssuccessors, administrators, executors and assigns. In the event an en- tire entire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receivership or bankruptcy proceedings, such operation or use of such rights rights ARTICLE 1 shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transferee, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee xxxxxx has agreed to assume the obligations of this Agreement. The Employ- er Employer shall give notice of the existence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessors, administrators, executors and assigns. In the event an en- tire entire operation, or portion thereof, or rights only, are sold, leased, transferred trans- ferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receivership or bankruptcy proceedings, such operation or use of such rights rights ARTICLE 1 shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transfereetrans- feree, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations obliga- tions of this Agreement. The Employ- er Employer shall give notice of the existence exis- tence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved shall also be advised of the exact nature of the transaction, not including financial details.

Transfer of Company Title or Interest. This Agreement shall be binding upon the parties hereto, their suc- cessorssuccessors, administrators, executors and assigns. In the event an en- tire entire operation, or portion thereof, or rights only, are sold, leased, transferred or taken over by sale, transfer, lease, assignment, re- Article 1 ceivership receivership or bankruptcy proceedings, such operation operations or use of such rights shall continue to be subject to the terms and conditions of this Agreement, for the life thereof. On the sale, transfer or lease of an individual run or runs, or rights only, the specific provisions of this Agreement shall prevail. It is understood by this Section that the parties hereto shall not sell, lease or transfer such run or runs or rights to a third (3rd) party to evade this Agreement. In the event the Employer fails to require the purchaser, the transferee, or lessee to agree to assume the obligations of this Agreement, the Employer (including partners thereof) shall be liable to the Local Union and to the employees covered for all damages (including but not limited to monetary damages) sustained as a result of such failure to require assumption of the terms of this Agreement until its expiration date, but shall not be liable after the purchaser, the transferee or lessee has agreed to assume the obligations of this Agreement. The Employ- er Employer shall give notice of the existence of this Agreement to any purchas- erpurchaser, transferee, lessee, assignee, etc., of the operation covered by this Agreement or any part thereof, including rights only. Such notice shall be in writing with a copy to the Local Union, at the time the seller, transferor, or lessor lesser executes a contract or transaction as herein de- scribeddescribed. The Teamsters United Parcel Service National Negotiating Committee and Local Unions involved Union shall also be advised of the exact nature of the transaction, not including financial details.