Examples of Automatic Transfer Employee in a sentence
Buyer and its Affiliates shall not propose any change to any Automatic Transfer Employee’s working conditions or terms and conditions or employment or otherwise take any action (including communication with any Automatic Transfer Employee or Employee Representative) that is intended to cause an Automatic Transfer Employee to resign prior to the Closing.
Within a reasonable period of time, but no less than thirty (30) days prior to the expected Closing Date or Deferred Closing Date, as applicable, Purchaser or its Affiliates, as applicable, shall offer employment on behalf of a Miraclon Entity to each Business Employee (other than any Automatic Transfer Employee or any Acquired Employee).
If any Automatic Transfer Employee objects to the transfer of his or her employment to Purchaser or its Affiliate pursuant to the Transfer Regulations or refuses an offer of employment made by Purchaser or its Affiliate in accordance with Section 5.7(j), the Seller or its Affiliate (as applicable) may terminate the Automatic Transfer Employee’s employment on the Closing.
The Buyer confirms that, so far as it is aware at the date of this agreement, it does not intend to: (a) materially reduce the value of any Automatic Transfer Employees existing benefits; or (b) dismiss any Automatic Transfer Employee by reason of redundancy.
There was a brief discussion about this noting that the City Commission couldn’t say anything when the City was in the middle of a lawsuit.