Common use of Merger and Amalgamation Protection Clause in Contracts

Merger and Amalgamation Protection. In the event that the Employer seeks, or is compelled, to merge or amalgamate with another employer, the Employer agrees to approach any such negotiations in accordance with the following principles: Employees should be credited with all seniority rights; Employees should keep all service credits relating to vacations, benefits & sick leave; Employees should not have the conditions of their employment or wage rates reduced.

Merger and Amalgamation Protection. In the event that the Employer seeks, or is compelled, to merge or amalgamate with January to December another employer, the Employer agrees to approach any such negotiations in accordance with the following principles: Employees should be credited with all seniority rights; : Employees should keep all service credits relating to vacations, benefits & sick leave; Employees should not have the conditions of their employment or wage rates reduced.

Merger and Amalgamation Protection. ‌ In the event that the Employer seeks, or is compelled, to merge or amalgamate with another employer, the Employer agrees to approach any such negotiations in accordance with the following principles: Employees should be credited with all seniority rights; Employees should keep all service credits relating to vacations, benefits & sick leave; Employees should not have the conditions of their employment or wage rates reduced.