E M E N T. The management and operation of the business, the employment, discharging, and promotion of employees shall be vested exclusively in the Company; however, the Company can only exercise these rights insofar as they do not conflict with the rights and privileges of the employees which have been acquired under this Collective Labour Agreement or the Law. O N OR LOCK -OUTS There shall be no strikes, slow-downs or lock-outs, either complete or partial, the term of this Agreement. I N All employees who are members of the Union or hereafter become members remain members during the term of the Agreement as a condition of employment.
E M E N T. This A G R EE M EN T made and entered into by and between the respective Chicago Dealers’ Asso: ciations and Independents, hereinafter called the Dealer, and A U TO M O BILE M E C H A N IC S’ LO CA L No. 701, International Association of Machinists and Aerospace Workers, AFL-CIO., of Chicago and vicinity, hereinafter called the Union. It is negotiated for the purpose of speci fying wage schedules, hours of work, conditions of employment, adjustment of complaints be tween the Dealer and his mechanics, bodymen, painters, apprentices and semi-skilled workers (hereinafter sometimes referred to as “employee” or “employees” ) and for the further purpose of preventing strikes, lockouts and other disturban ces, thus insuring and perpetuating harmonious relations between the Dealer and the Union. W IT N E SSE T H : A R T IC L E I U N IO N R EC O G N ITIO N
E M E N T. NOW, THEREFORE, the Prior Agreement is hereby amended and restated to read in its entirety as follows:
E M E N T. REPUBLIC OF THE PHILIPPINES ) Quezon City ) S.S. BEFORE ME, a Notary Public personally appeared _, Director, PNRI with Community Tax Certificate Number issued at on , 20 and , with Community Tax Certificate Number issued at on , 20 known to me to be the same persons who have executed the above MEMORANDUM OF AGREEMENT and who acknowledged that the same is their voluntary act and deed. I further certify that this document consists of two (2) pages, and that the parties together with their instrumental witnesses have signed their names on every page of this document. WITNESS my hand and seal this , Philippines.
E M E N T. I acknowledge receipt of a copy of the Plan, a copy of which is attached hereto. I represent that I have read and am familiar with the Plan's terms. I accept the Option subject to all of the terms and provisions of this Agreement and of the Plan under which it is granted, as the Plan may be amended in accordance with its terms. I agree to accept as binding, conclusive, and final all decisions or interpretations of the Committee concerning any questions arising under the Plan with respect to the Option. Date: --------------------------------- -------------------------------------- Signature of Optionee Addressee -------------------------------------- Address -------------------------------------- City, State, Zip NO ONE MAY SELL, TRANSFER, OR DISTRIBUTE THIS OPTION OR THE SECURITIES THAT MAY BE PURCHASED UPON EXERCISE OF THIS OPTION WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATING THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY OR OTHER INFORMATION AND REPRESENTATIONS SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. THE SHARES THAT MAY BE PURCHASED UPON EXERCISE OF THIS OPTION MAY BE TRANSFERED ONLY IN ACCORDANCE WITH THE TERMS OF A STOCK PURCHASE AGREEMENT TO BE ENTERED INTO BETWEEN THE HOLDER OF THIS OPTION AND THE COMPANY UPON EXERCISE OF THIS OPTION, A COPY OF WHICH AGREEMENT WILL THEREAFTER BE ON FILE WITH THE SECRETARY OF THE COMPANY.
