Common use of SUCCESSORS AND ASSIGNS CLAUSE Clause in Contracts

SUCCESSORS AND ASSIGNS CLAUSE. 35.01 The parties recognize that in the event of a transaction involving the sale of the Company’s stock, the Collective Bargaining Agreement will remain completely intact and binding on the Employer and the Union by operation of law. In the event of any other sale, transfer, or other assignment of the Company, a business, or operation, the parties’ Collective Bargaining Agreement shall be binding on, without limitation, any buyer, assignee, transferee or other NLRA defined successor. The Company will not sell, transfer, or otherwise assign the Company or any business or operation of the Company without first (1st) requiring any buyer, transferee, assignee, or successor to assume the parties’ Collective Bargaining Agreement and to maintain that Agreement with all of its terms and conditions. At least thirty (30) days prior to the effective date of any sale, transfer, or assignment, the Company will notify the Union, in writing, that it has provided notice to any buyer, transferee, assignee, or successor of this clause, and that such party has agreed to the terms of this clause as a condition of sale, transfer, or assignment.

SUCCESSORS AND ASSIGNS CLAUSE. 35.01 34.01 The parties recognize that in the event of a transaction involving the sale of the Company’s stock, the Collective Bargaining Agreement will remain completely intact and binding on the Employer and the Union by operation of law. In the event of any other sale, transfer, or other assignment of the Company, a business, or operation, the parties’ Collective Bargaining Agreement shall be binding on, without limitation, any buyer, assignee, transferee or other NLRA defined successor. The Company will not sell, transfer, or otherwise assign the Company or any business or operation of the Company without first (1st) requiring any buyer, transferee, assignee, or successor to assume the parties’ Collective Bargaining Agreement and to maintain that Agreement with all of its terms and conditions. At least thirty (30) days prior to the effective date of any sale, transfer, or assignment, the Company will notify the Union, in writing, that it has provided notice to any buyer, transferee, assignee, or successor of this clause, and that such party has agreed to the terms of this clause as a condition of sale, transfer, or assignment.