Common use of Redundancies Clause in Contracts

Redundancies. (a) During the 12 months preceding the date of this agreement, the Target has not given notice of any redundancies to the relevant Secretary of State or started consultations with any trade union under Chapter II of Part IV Trade Union and Labour Relations (Consolidation) ▇▇▇ ▇▇▇▇ or failed to comply with any of its obligations under Chapter II of Part IV of such Act. (b) The Target has not given any notice of termination or dismissal or notice of redundancy to any of its employees which is outstanding as at the date of this agreement. (c) There are no severance, redundancy or other similar agreements or schemes conferring any entitlement on any of the directors and employees of the Target to receive any payment on the termination of their employment (except for contractual notice pay and in accordance with applicable law).

Appears in 1 contract

Sources: Share Purchase Agreement (Cott Corp /Cn/)

Redundancies. (a) During the 12 months preceding the date of this agreement, the Target has not given notice of any redundancies to the relevant Secretary of State or started consultations with any trade union under Chapter II of Part IV Trade Union and Labour Relations (Consolidation) ▇▇▇ ▇▇▇▇ or failed to comply with any of its obligations under Chapter II of Part IV of such Act. (b) The Target has not given any notice of termination or dismissal or notice of redundancy to any of its employees which is outstanding as at the date of this agreement. (c) There are no severance, redundancy or other similar agreements or schemes conferring any entitlement on any of the directors and employees of the Target to receive any payment on the termination of their employment (except for contractual notice pay and in accordance with applicable lawpay).

Appears in 1 contract

Sources: Share Purchase Agreement (KVH Industries Inc \De\)

Redundancies. (a) During the 12 months five years preceding the date of this agreement, the Target has not given notice of any redundancies to the relevant Secretary of State or started consultations with any trade union under Chapter II of Part IV Trade Union and Labour Relations (Consolidation) A▇▇ ▇▇▇▇ or failed to comply with any of its obligations under Chapter II of Part IV of such Act. (b) The Target has not given any notice of termination or dismissal or notice of redundancy to any of its employees which is outstanding as at the date of this agreement. (c) There are no severance, redundancy or other similar agreements or schemes conferring any entitlement on any of the directors and employees of the Target to receive any payment on the termination of their employment (except for contractual notice pay and in accordance with applicable lawpay).

Appears in 1 contract

Sources: Share Purchase Agreement (CVSL Inc.)