RECONSTRUCTION OR AMALGAMATION. 23.1 If the Employment is terminated at any time by reason of any reconstruction or amalgamation of the Company or any Group Company, whether by winding up or otherwise, and the Employee is 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 agreement, the Employee shall have no claim against the Company, any Group Company or any such undertaking arising out of or connected with the termination.
Appears in 2 contracts
Sources: Service Agreement (SmartKem, Inc.), Service Agreement (SmartKem, Inc.)
RECONSTRUCTION OR AMALGAMATION. 23.1 24.1 If the Employment is terminated at any time by reason of any reconstruction or amalgamation of the Company or any Group Company, whether by winding up or otherwise, and the Employee is 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 agreement, the Employee shall have no claim against the Company, any Group Company or any such undertaking arising out of or connected with the termination.. 11606961.6
Appears in 1 contract
Sources: Service Agreement (SmartKem, Inc.)