Transferred Employee. In the case of Active Employees who are members of the "non-supervisory workforce" of the IPC Companies, within the meaning of 220 Illinois Code 5/16-128(c), such continued employment shall be at no less than the wage rates, and substantially equivalent fringe benefits and terms and conditions of employment as those that are in effect on the Closing Date, and Purchaser shall continue such wage rates and substantially equivalent fringe benefits and terms and conditions of employment for at least 30 months following the Closing Date, unless Purchaser and the collective bargaining units representing such non-supervisory Active Employees mutually agree to different terms and conditions of employment within such 30-month period. The preceding sentence is intended to satisfy the requirements of 220 Illinois Code 5/16-128(c), shall be construed in accordance with 220 Illinois Code 5/16-128(c), and shall not be construed to impose upon Purchaser any obligation that is greater than that imposed by 220 Illinois Code 5/16-128(c). For purposes of this Article VI, the term "Active Employees" shall include all full-time and part-time employees, employees on workers' compensation, military leave, special military leave, maternity leave, leave under the Family and Medical Leave Act of 1993, union leave, sick leave, domestic violence leave, long-term disability, or layoff with recall rights, and employees on other approved leaves of absence with a legal or contractual right to reinstatement, in each case who are employed by any IPC Company. Transferred Employees who are not represented by labor unions or similar collective bargaining entities are referred to as "Non-Union Transferred Employees."
Appears in 2 contracts
Sources: Stock Purchase Agreement (Ameren Corp), Stock Purchase Agreement (Union Electric Co)
Transferred Employee. In the case of Active Employees who are members of the "“non-supervisory workforce" ” of the IPC Companies, within the meaning of 220 Illinois Code 5/16-128(c), such continued employment shall be at no less than the wage rates, and substantially equivalent fringe benefits and terms and conditions of employment as those that are in effect on the Closing Date, and Purchaser shall continue such wage rates and substantially equivalent fringe benefits and terms and conditions of employment for at least 30 months following the Closing Date, unless Purchaser and the collective bargaining units representing such non-supervisory Active Employees mutually agree to different terms and conditions of employment within such 30-month period. The preceding sentence is intended to satisfy the requirements of 220 Illinois Code 5/16-128(c), shall be construed in accordance with 220 Illinois Code 5/16-128(c), and shall not be construed to impose upon Purchaser any obligation that is greater than that imposed by 220 Illinois Code 5/16-128(c). For purposes of this Article VI, the term "“Active Employees" ” shall include all full-time and part-time employees, employees on workers' ’ compensation, military leave, special military leave, maternity leave, leave under the Family and Medical Leave Act of 1993, union leave, sick leave, domestic violence leave, long-term disability, or layoff with recall rights, and employees on other approved leaves of absence with a legal or contractual right to reinstatement, in each case who are employed by any IPC Company. Transferred Employees who are not represented by labor unions or similar collective bargaining entities are referred to as "“Non-Union Transferred Employees."”
Appears in 1 contract
Transferred Employee. In the case of Active Employees who are members of the "“non-supervisory workforce" ” of the IPC CompaniesCompa- ▇▇▇▇, within the meaning of 220 Illinois Code 5/16-128(c), such continued employment shall be at no less than the wage rates, and substantially equivalent fringe benefits and terms and conditions of employment as those that are in effect on the Closing Date, and Purchaser shall continue such wage rates and substantially equivalent fringe benefits and terms and conditions condi- tions of employment for at least 30 months following the Closing Date, unless Purchaser and the collective bargaining units representing such non-supervisory Active Employees mutually mutu- ally agree to different terms and conditions of employment within such 30-month period. The preceding sentence is intended to satisfy the requirements of 220 Illinois Code 5/16-5/16- 128(c), shall be construed in accordance with 220 Illinois Code 5/16-128(c), and shall not be construed to impose upon Purchaser any obligation that is greater than that imposed by 220 Illinois Code 5/16-128(c). For purposes of this Article VI, the term "“Active Employees" ” shall include all full-time and part-time employees, employees on workers' ’ compensation, military leave, special military leave, maternity leave, leave under the Family and Medical Leave Act of 1993, union leave, sick leave, domestic violence leave, long-term disability, or layoff with recall rights, and employees on other approved leaves of absence with a legal or contractual right to reinstatement, in each case who are employed by any IPC Company. Transferred Employees who are not represented by labor unions or similar collective bargaining bar- gaining entities are referred to as "“Non-Union Transferred Employees."”
Appears in 1 contract
Sources: Stock Purchase Agreement