C » Topics » 4.3 Related Personnel and Citi Seconded Personnel .

This excerpt taken from the C 10-Q filed Aug 7, 2009.

4.3         Related Personnel and Citi Seconded Personnel.

 

(a)           NCH and NCL shall, on or prior to the Closing (except where a later date has been noted on Schedule IV, in which case such later date shall prevail), terminate the secondment arrangement with NCS as to their respective Seconded Related Personnel, and cause the Seconded Related Personnel to return to, and be employed by, NCS.  The terms and conditions of the Seconded Related Personnel shall be subject to then applicable work rules and any other relevant employment rules of NCS.

 

(b)           NCS shall, and NCH shall cause any relevant Group Company to, on or prior to the Closing (except where a later date has been noted on Part A of Schedule IV, in which case such later date shall prevail), terminate the secondment arrangement with NCH or its Affiliates (other than NCS and the Group Companies), as the case may be, as to its Citi Seconded Personnel, and cause the Citi Seconded Personnel to return to, and be employed by, NCH or such Affiliate, as applicable.  The terms and conditions of the Citi Seconded Personnel shall be subject to then applicable work rules and any other relevant employment rules of NCH or such Affiliate, as applicable.

 

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