Examples of Dutch Works Council Act in a sentence
Each Dutch Credit Party shall comply with the requirements of the Dutch Works Council Act in respect of the Transaction and the transactions contemplated thereby.
There is no works council with jurisdiction over the transaction as envisaged by any Loan Document to which a Dutch Borrower or a Dutch Subsidiary Guarantor is a party and there is no obligation for a Dutch Borrower or a Dutch Subsidiary Guarantor to establish a works council pursuant to the Dutch Works Council Act (Wet op de Ondernemingsraden).
The Dutch Works Council Act only requires that the advice be requested within a reasonable time frame, so as to allow the works council to have a say in the decision that is to be taken.
Solely in the case of the Dutch Borrower, the Dutch Borrower shall have received a positive advice of the works council of the Dutch Borrower pursuant to Article 25 of the Dutch Works Council Act.
The Borrower has not established, is not in the process of establishing nor has it received a request to establish a works council in accordance with the provisions of the Dutch Works Council Act (Wet op de ondernemingsraden).
None of the Obligors incorporated in The Netherlands is required to obtain advice from any works council within the meaning of the Dutch Works Council Act (Wet op de Ondernemingsraden).
Existing works council arrangements The Offeror recognises the existing rights of and arrangements with the relevant works councils and trade unions of the Neways Group under the Dutch Civil Code, the Dutch Works Council Act (Wet op de ondernemingsraden) and the Articles of Association and the covenants with the relevant works councils and Neways, and shall respect these rights.
According to the Dutch Works Council Act (Wet op de ondernemingsraden), an entrepreneur maintaining an enterprise in which, as a rule, at least 50 employees work, is obliged to establish a works council for the purposes of consultation with and representation of the employees employed by the enterprise.
The Offeror recognises the existing rights of and arrangements with the relevant works councils and trade unions of Neways Group under the Dutch Civil Code, the Dutch Works Council Act, the Articles of Association and the covenants with the relevant works councils and Neways, and shall respect these rights.
Nevertheless, both the Dutch Works Council Act (hereafter WORii) and Book 2 of the Civil code (company law) contain several possibilities and tasks for works councils in this area.According to the WOR, works councils have information rights with regard to labour force data.