Common use of Amalgamation or Merger Clause in Contracts

Amalgamation or Merger. 22.01 In the event the Corporation may merge or amalgamate with any other body, the Corporation shall notify the Union and the affected Employees as soon as they are reasonably able, recognizing that such notice may be delayed where confidentiality is initially required. 22.02 Upon such notification, the parties agree to discuss potential impacts on the Employees of the Bargaining Unit. These discussions shall include but not be limited to pertinent financial and staffing implications. 22.03 Where possible, the Corporation agrees that in the event the Corporation merges or amalgamates with any other body, that it shall use its best efforts, to the extent that it is within the control of the Corporation, to obtain an agreement that will preserve the following rights of its Employees; (a) Credit for all accumulated seniority rights to be carried into employment with a new Employer; (b) Full service credits with respect to vacations with pay and all other negotiated benefits; (c) That the work and services performed by members of the Canadian Union of Public Employees Local 905 shall continue to be performed by such members in the employ of the new Employer; (d) That Employees shall receive the better of their conditions of employment and wage rates under this Agreement or the conditions of employment and wage rates obtained or in effect with the new Employer; (e) That no Employee shall suffer loss of employments as a result of such merger; and (f) That preference in location of employment in the service of the new Employer shall be on the basis of seniority.

Amalgamation or Merger. 22.01 28.01 In the event the Corporation Employer may merge or amalgamate with any other body, the Corporation Employer shall notify the Union and the affected Employees as soon as they are reasonably able, recognizing that such notice may be delayed where confidentiality is initially required. 22.02 28.02 Upon such notification, the parties agree to discuss potential impacts on the Employees of the Bargaining Unit. These discussions shall include but not be limited to pertinent financial and staffing implications. 22.03 28.03 Where possible, the Corporation Employer agrees that in the event the Corporation Employer merges or amalgamates with any other body, that it shall use its best efforts, to the extent that it is within the control of the Corporation, to obtain an agreement that will preserve the following rights of its Employees;: (a) Credit for all accumulated seniority rights to be carried into employment with a new Employer; (b) Full service credits with respect to vacations with pay and all other negotiated benefits; (c) That the work and services performed by members of the Canadian Union of Public Employees Local 905 shall continue to be performed by such members in the employ of the new Employer; (d) That Employees shall receive the better of their conditions of employment and wage rates under this Agreement agreement or the conditions of employment and wage rates obtained or in effect with the new Employer; (e) That no Employee shall suffer loss of employments employment as a result of such merger; and; (f) That preference in location of employment in the service of the new Employer shall be on the basis of seniority.

Amalgamation or Merger. 22.01 ‌‌ 28.01 In the event the Corporation Employer may merge or amalgamate with any other body, the Corporation Employer shall notify the Union and the affected Employees as soon as they are reasonably able, recognizing that such notice may be delayed where confidentiality is initially required. 22.02 28.02 Upon such notification, the parties agree to discuss potential impacts on the Employees of the Bargaining Unit. These discussions shall include but not be limited to pertinent financial and staffing implications. 22.03 28.03 Where possible, the Corporation Employer agrees that in the event the Corporation Employer merges or amalgamates with any other body, that it shall use its best efforts, to the extent that it is within the control of the CorporationEmployer, to obtain an agreement that will preserve the following rights of its Employees;: (a) Credit for all accumulated seniority rights to be carried into employment with a new Employer; (b) Full service credits with respect to vacations with pay and all other negotiated benefits; (c) That the work and services performed by members of the Canadian Union of Public Employees Local 905 905.13 shall continue to be performed by such members in the employ of the new Employer; (d) That Employees shall receive the better of their conditions of employment and wage rates under this Agreement agreement or the conditions of employment and wage rates obtained or in effect with the new Employer; (e) That no Employee shall suffer loss of employments employment as a result of such merger; and; (f) That preference in location of employment in the service of the new Employer shall be on the basis of seniority.