Common use of Transfer to Another Related Company Entity Clause in Contracts

Transfer to Another Related Company Entity. If, during the course of the employment, the employee is transferred to another related Company entity, including a transfer for administrative purposes only, the change will not affect continuity of service and will not constitute a termination of employment.

Transfer to Another Related Company Entity. IfWhere, during the course of the employment, the employee is transferred to another related Company company entity, including a transfer for administrative purposes only, the change will not affect continuity of service and will not constitute a termination of employment. All statutory entitlements will be preserved and the employee will not be entitled to any termination payment providing their duties remain the same or a comparable position is offered. In the event of this happening, the entity they are transferred to will be a subsidiary of the parent company and the employee will be advised in writing.