Common use of RECONSTRUCTION OR AMALGAMATION Clause in Contracts

RECONSTRUCTION OR AMALGAMATION. If before the termination of this agreement, your employment is terminated by reason of the liquidation of the Company for the purposes of any reconstruction or amalgamation, and you are offered employment with any concern or undertaking resulting from such reconstruction or amalgamation on terms and conditions no less favourable than the terms of this agreement, then, to the extent permitted by law, you will have no claim against the Company in respect of the determination of your employment.

Appears in 4 contracts

Samples: Agreement (Rockley Photonics Holdings LTD), Service Agreement (BioVex Group, Inc.), Service Agreement (BioVex Group, Inc.)

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RECONSTRUCTION OR AMALGAMATION. If before the termination employment of the Employee under this agreement, your employment Agreement is terminated by reason of the liquidation of the Company for the purposes purpose of any reconstruction or amalgamation, amalgamation and you are the Employee is offered employment with any concern or undertaking resulting from such the reconstruction or amalgamation on terms and conditions no not less favourable than the terms of this agreementAgreement, then, to then the extent permitted by law, you will Employee shall have no claim against the Company in respect of the determination termination of your employmenthis employment under this Agreement.

Appears in 1 contract

Samples: Service Agreement (China Techfaith Wireless Communication Technology LTD)

RECONSTRUCTION OR AMALGAMATION. If before the termination employment of the Employee under this agreement, your employment Agreement is terminated by reason of the liquidation of the Company for the purposes purpose of any reconstruction or amalgamation, amalgamation and you are the Employee is offered employment with any concern or undertaking resulting from such the reconstruction or amalgamation on terms and conditions no not less favourable than the terms of this agreement, then, to Agreement then the extent permitted by law, you will Employee shall have no claim against the Company or any Group Company in respect of the determination termination of your employmenthis employment under this Agreement.

Appears in 1 contract

Samples: Service Agreement (Xfone Inc)

RECONSTRUCTION OR AMALGAMATION. If before the termination of this agreement, your employment under this agreement is terminated by reason of the liquidation of the Company for the purposes purpose of any reorganisation, reconstruction or amalgamation, amalgamation and you are offered a contract of employment with any concern or undertaking resulting from such the reconstruction or amalgamation on terms and conditions no not less favourable than the terms of this agreement, then, to the extent permitted by law, then you will shall have no claim against the Company and / or Group in respect of the determination termination of your employmentthis agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Teleflex Inc)

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RECONSTRUCTION OR AMALGAMATION. If before during the termination continuance of this agreement, your Agreement the employment of the Employee hereunder is terminated by reason of the liquidation of the Company for the purposes purpose of any a scheme of reconstruction or amalgamation, amalgamation and you are the Employee is offered employment with any concern or undertaking resulting from such reconstruction or amalgamation on terms and conditions no less favourable than under this agreement then the terms of this agreement, then, to the extent permitted by law, you will Employee shall have no claim against the Company in respect of the determination termination of your employmenthis employment hereunder by reason or such liquidation.

Appears in 1 contract

Samples: Agreement (London Pacific Group LTD)

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