New CBA definition
Examples of New CBA in a sentence
Buyer agrees that (i) upon request by Seller, Buyer will notify Seller of the status of negotiations with each Local, and (ii) no later than 19 Business Days prior to the Closing Date, Buyer will notify Seller whether a New CBA has been successfully negotiated with such Local.
No later than 20 Business Days prior to the Closing Date, Buyer will negotiate and reach agreement with each Local on the terms and conditions of a new collective bargaining agreement to be effective from and after the Effective Time with respect to the applicable bargaining unit represented by such Local (each such agreement being referred to as a "New CBA").
Should such a Buyer Party fail to successfully negotiate a New CBA with a Local pursuant to the foregoing at least 20 Business Days prior to the Closing Date, then at the Closing, such Buyer Party will assume the existing Collective Bargaining Agreement applicable to the bargaining unit represented by such Local.
Should a Buyer Party fail to successfully negotiate a New CBA with a Local pursuant to the foregoing at least 20 Business Days prior to the Closing Date, then at the Closing, such Buyer Party will assume the existing Collective Bargaining Agreement applicable to the bargaining unit represented by such Local.
The Single Medical Plan referred to in the CLA under Active Health will be deemed to be the Active Medical plan implemented by American on January 1, 2013 (“AA Active Medical Plan”) pursuant to the New CBA along with all of its related provisions.
Buyer agrees that (A) no later than 30 Business Days after the date hereof, Buyer will notify Seller of all negotiations between any Buyer Party and any Local that will be required by this Section 7.9(a), (B) upon request by Seller, Buyer will notify Seller of the status of all negotiations between any Buyer Party and any Local, (C) no later than 19 Business Days prior to the Closing Date, Buyer will notify Seller of each New CBA that has been successfully negotiated.
In the event the New CBA is finalized and executed prior to the Closing on terms consistent with the provisions of this Section 7.04(b), effective as of the Closing, Purchaser shall, or shall cause its Affiliate to, adopt and assume the obligations of Sellers and their Affiliates under the New CBA arising after the Closing with respect to Transferred Union Employees.
Buyer agrees that (i) upon request by Seller, Buyer will notify Seller of the status of negotiations with each Local, and (ii) no later than nineteen (19) Business Days prior to the Closing Date, Buyer will notify Seller whether a New CBA has been successfully negotiated with such Local.
Such offset for Additional Pension Contributions shall first be applied to reduce the amount of New CBA Severance (as referenced in section 14(a)(ii)(B) above) and shall be applied to reduce the amount of Old CBA Severance (as referenced in section 14(a)(ii)(A) above) only if the sum of Additional Pension Contributions exceeds the amount of New CBA Severance (after the New CBA Severance has been reduced to zero).
Except with respect to the negotiations of the New CBA, there are no material grievances, disputes or controversies with any union or any other organization of employees at the Premises, including employees of Loan Parties, or threats of strikes, work stoppages or any asserted pending demands for collective bargaining by any union or organization.”.