Employee Representative Bodies definition
Examples of Employee Representative Bodies in a sentence
Seller shall be responsible for the correctness and completeness of the information provided to the Business Employees and the Employee Representative Bodies relating to Seller and its Affiliates.
Without prejudice to the preceding sentence, the Parties agree that if, as a result of the terms or conditions of the Business Employees or Employee Representative Bodies or in connection with any approvals therefrom, changes to this Agreement or the Ancillary Agreements, are considered reasonably necessary by a Party, the other Party shall negotiate in good faith on such amendments (if any) to this Agreement or the Ancillary Agreements as are reasonably appropriate.
TDCC shall obtain the Parent’s written consent prior to discussing with any Employee Representative Bodies any potential post-Closing changes to the terms, conditions, compensation or benefits of any Business Employee provided by Parent or any of its Affiliates.
The Security Trust Account shall be subject to withdrawal by the Beneficiary and the Grantor as provided herein.
Seller Parent shall be responsible for the correctness and completeness of the information provided to the Business Employees and Employee Representative Bodies by Seller Parent and its Subsidiaries relating to Seller Parent and its Subsidiaries as well as the Contemplated Transactions.
Purchaser shall be responsible for the correctness and completeness of the information provided to the employees of Seller Parent and its Subsidiaries and Employee Representative Bodies relating to Purchaser and its Affiliates.
To Seller’s Knowledge, Seller and their respective Affiliates (including the Companies) have, or prior to the Closing Date will have, satisfied all legal or Contractual requirements to provide notice to, enter into any consultation procedure with, or obtain an opinion from any Employee Representative Bodies in connection with the execution of this Agreement or the transactions contemplated by this Agreement.
As such, the GPEC agreement should result, in particular, in a dynamic and realistic training policy whose challenges are shared with the local Employee Representative Bodies.
Without limiting the foregoing, (i) all required authorizations from the competent corporate bodies of the Seller, the Seller Parent, each Asset Seller and each other Seller Affiliate have been obtained, and (ii) where required by applicable Law, the information and consultation of the relevant Employee Representative Bodies in respect of the Transaction, have been finalized and the relevant Employee Representative Bodies have rendered their opinion (avis) with respect to the Transaction.
For the purposes hereof, “Completion” shall mean (x) the delivery to French Seller of executed minutes of the meetings of the Employee Representative Bodies or such other writing in a form reasonably acceptable to French Seller evidencing that such Employee Representative Bodies have delivered a final formal opinion in connection with the sale of European Company Shares (the “European Company Sale”) or are deemed to have delivered such opinion in accordance with Articles L.