ROMANIA Clause Samples

ROMANIA. In case of any assignment or transfer of all or any part of the rights and obligations, including by way of novation, of any Secured Party on the Effective Date or at any other time under or in connection with the Restated Credit Agreement or the Amended MGCA or any other agreements or instruments from time to time giving rise to the Applicable Secured Obligations, the guarantees and security interests under the Security Documents (including, without limitation, those governed by Romanian law) will be preserved and will remain in full force and effect for the benefit of any successors, assignees or transferees of the respective Secured Party and the other Secured Parties.

ROMANIA. No disclosure.

ROMANIA. Partnership Agreement between Comtec 2000, Multicanal Holdings S.R.L. and Control SA.

ROMANIA. Notifications

ROMANIA. Language Consent. By accepting the PSUs, the Participant acknowledges that the Participant is proficient in reading and understanding English and fully understands the terms of the Agreement, including this Appendix, the Plan and all other materials that the Participant may receive regarding participation in the Plan, which were provided in the English language. Participant accepts the terms of these documents accordingly.

ROMANIA. Language Consent. By accepting the grant of RSUs, the Participant acknowledges that he or she is proficient in reading and understanding English and fully understands the terms of the documents related to the grant (the Agreement and the Plan), which were provided in the English language. Participant accepts the terms of these documents accordingly.

ROMANIA. The employer has to ensure that each employee participates in an occupational training at least every two years (if the employer has at least 21 employees) or three years (if the employer has less than 21 employees).

ROMANIA. Infine, la quarta peer review si è tenuta a Timisoara il 10 dicembre 2012. Dopo la presentazione della situazione della Romania è seguita un’ animata discussione tra i partner e alcuni stakeholders rumeni. I principali quesiti emersi nel dibattito sono i seguenti:

ROMANIA. Only around 5% of the total of 1641 social economic enterprises received a form of help from the public authorities as of 2020. Most of the WISE organisations rely on their own economic activity to fund the work integration programmes. The result of this context is that most WISE entities rely on private sponsorships to sustain their activity. These sponsorships usually add up to more than 50% of a WISE’s total income. Grants, as the most traditional way of funding social mission-focused organisations, are one of the key sources of funding for WISEs, despite a number of constraints. Grants are a form of funding set up on a donation basis. This type of financing entails a certain amount of risk, since public sources and donors in situations of social crisis and difficult times may decide to suspend benefits. Associations funded exclusively by grants are placed in a position of dependence and are faced with the challenge of adapting to the requirements of each individual donor, which very often leads them away from their own mission. The next financing mechanism is microfinance, which implies the possibility of accessing small financial instruments to people excluded from formal financial resources and banking. Investors cooperate with microfinance institutions, non-profit groups, banks, etc. Erste Bank is a pioneer of microfinance and social banking in Serbia and Central and Eastern Europe. Social enterprises face additional obstacles due to banks insufficient information about the legal forms applied by social enterprises (mainly CSOs). Microfinance in Serbia is partially limited and over-regulated due to its dependence on commercial banks. There is also a Budget Fund for Vocational Rehabilitation and Employment of Persons with Disabilities. According to the rulebook on the manner of monitoring the implementation of the obligation to employ persons with disabilities, the obligation applies to any domestic or foreign legal or natural person who has at least 20 employees and is not considered a newly established employer. An employer who does not fulfil the obligation to employ persons with disabilities is obliged to pay penalties to the payment account of the Budget Fund.