Common use of RECONSTRUCTION AND AMALGAMATION Clause in Contracts

RECONSTRUCTION AND AMALGAMATION. If the Employment is terminated at any time by reason of any reconstruction or amalgamation of the Employer, whether by winding up or otherwise, and you are offered employment with any concern or undertaking involved in or resulting from the reconstruction or amalgamation on terms which (considered in their entirety) are no less favourable to any material extent than the terms of this Contract, you shall have no claim against the Employer or any such undertaking arising out of or connected with the termination. This Contract and any document referred to in it constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter. Each party acknowledges that in entering into this Contract it does not rely on, and shall have no remedies in respect of, any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this Contract. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this Contract. Nothing in this clause shall limit or exclude any liability for fraud. No variation or agreed termination of this Contract shall be effective unless it is in writing and signed by the parties (or their authorised representatives).