Other Status Changes Sample Clauses
The "Other Status Changes" clause defines how changes in a party's legal or operational status—such as mergers, acquisitions, insolvency, or changes in ownership—are handled under the agreement. Typically, this clause outlines the obligations of the parties to notify each other of such changes and may specify the consequences, such as the right to terminate the contract or renegotiate terms if a significant status change occurs. Its core function is to protect the parties from unforeseen risks or disruptions that could arise if one party undergoes a major transformation, ensuring that both sides can respond appropriately to significant changes in the business landscape.
Other Status Changes. The Town will use its best efforts to find alternate work for an employee temporarily disabled or who suffers an injury that does not allow him/her to perform usual work. Nothing contained herein shall be construed to require the Town to “make work.”
Other Status Changes. When a person previously in the service is reinstated following demotion or dismissal, or is reappointed from an eligible register following lay-off or demotion, the rate will be established by the City Manager.
Other Status Changes. The Town will use its best efforts to find alternate work for an employee temporarily disabled or who suffers an injury that does not allow