NO DISPLACEMENT Clause Samples

The No Displacement clause prohibits the replacement or reassignment of existing employees or contractors as a result of entering into a new contract or agreement. In practice, this means that when a new service provider takes over a contract, they are not allowed to displace workers currently performing the work, ensuring continuity of employment for those individuals. This clause primarily serves to protect the job security of incumbent workers and prevents disruption in service delivery caused by workforce turnover.
NO DISPLACEMENT. Employer certifies that the Participant will not displace any regular employee of Employer and certifies that no person was displaced as a result of relocation of the current business in the previous 120 days of signing this OJT Agreement.
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NO DISPLACEMENT a. Manor Park Estates commits to no displacement of current Manor Park residents. b. Manor Park Estates will provide at least a three-year community heads up that construction work is scheduled to begin on a particular Phase. c. Prior to the construction of each Phase, Manor Park residents will be offered relocation in a dwelling unit of similar size, including number of bedrooms, as the one vacated for the same or lesser rent. d. Dwelling units within the ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ lands will be prioritized, but Manor Park Estates will make properties in its broader portfolio available if preferrable to the resident being relocated. e. Manor Park Estates will cover all moving costs and related incidentals associated with relocation. f. No sublet, assignment, transfer, or other change whatsoever in tenant(s) of record on the tenancy will be recognized, except between residents occupying the same unit prior to the three-year community heads-up.
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Related to NO DISPLACEMENT

  • No Dispositions Except for the transfer of assets in the ordinary course of business consistent with prior practice, no party shall sell, lease, encumber or otherwise dispose of, or agree to sell, lease, encumber or otherwise dispose of, any of its assets, which are material, individually or in the aggregate, to such party.

  • No Contemplation of a Business Combination The Company has not identified any Business Combination target (each a “Target Business”) and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target.

  • No Pending Action No action, suit, proceeding or investigation before any court, administrative agency or other governmental authority shall be pending or threatened wherein an unfavorable judgment, decree or order would prevent the carrying out of this Agreement or any of the transactions contemplated hereby, declare unlawful the transactions contemplated hereby or cause such transactions to be rescinded.

  • No disposal of assets The Borrower will not transfer, lease or otherwise dispose of: (a) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not; or (b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation.

  • No Distribution Except with respect to any Shares that may be offered and sold pursuant to the Registration Statement, Counterparty is not entering into the Transaction to facilitate a distribution of the Shares (or any security that may be converted into or exercised or exchanged for Shares, or whose value under its terms may in whole or in significant part be determined by the value of the Shares) or in connection with any future issuance of securities.