Common use of AMALGAMATION OR RECONSTRUCTION Clause in Contracts

AMALGAMATION OR RECONSTRUCTION. If the Executive shall unreasonably have refused or failed to accept employment offered to him by a Group Company on terms which taken as a whole are no less favourable to him than the terms in effect under this Agreement at the time such offer is made where there has been an amalgamation or reconstruction of the business of the Company the Executive agrees that to the extent permitted by law he shall have no claim against the Company in respect of the termination of this Agreement directly or indirectly in whole or in part by reason of such amalgamation or reconstruction whether such termination is caused by process of law or by the provisions of this Agreement or by the act or default of the Company or otherwise howsoever.