Common use of Where Successor Rights have application Clause in Contracts

Where Successor Rights have application. (i) In the event of a sale, lease, transfer or other disposition of all or part of CNL’s business where successor rights do apply, CNL recognizes that when an employee is transferred to a new employer a layoff cost could occur if the employee is subsequently laid off by the new employer. (ii) In the event of layoff by the new employer, CNL accepts that portion of the liability for termination compensation on layoff calculated on the basis of the length of service and salary with CNL at the time of transfer to the new employer and Article 32.04 of the Collective Agreement between CNL and PIPSC expiring 2021June 30. (iii) Should an employee be subsequently laid off by the new employer, CNL will guarantee that the employee will receive that portion of his/her termination compensation on layoff based on b(ii) above.

Where Successor Rights have application. (i) In the event of a sale, lease, transfer or other disposition of all or part of CNL’s business where successor rights do apply, CNL recognizes that when an employee is transferred to a new employer a layoff cost could occur if the employee is subsequently laid off by the new employer. (ii) In the event of layoff by the new employer, CNL accepts that portion of the liability for termination compensation on layoff calculated on the basis of the length of service and salary with CNL at the time of transfer to the new employer and Article 32.04 29.03 of the Collective Agreement between CNL and PIPSC expiring 2021June 2021 June 30. (iii) Should an employee be subsequently laid off by the new employer, CNL will guarantee that the employee will receive that portion of his/her termination compensation on layoff based on b(ii) above.