7. THE COMMUNICATIONS OF NOTICES TRANSMITTED IN THE PRESENT CONVENTION OF TRANSFERT OF ACTIONS MUST BE SIGNIFIED BY ÉCRIT AND TRANSMITTED ONLY IF they are personally transmitted by one party to another party or delivered to the delivery address of the party concerned. Communications can only be sent and distributed in English. THE CÉDANT wishes to transfer the shares to the purchaser on the terms set out in this share transfer agreement. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights. 5.4 Each contracting party heres all the necessary powers and authorizations to enter into this share transfer agreement. PandaTip: Add the fees here. If the shares are transferred as a gift, then you should list $10 as a cost. This is because, in many states and countries, a contract requires some prejudice or loss on behalf of both parties (even if it is a nominal amount). However, if your former employer offers you a work pension, your new employer is not required to pursue an identical occupational pension. Your new employer should offer a work pension of up to 6% of your salary in a stakeholder pension or an equivalent alternative. If you participate in a transfer or takeover protected by the 2006 Business Transfers (Employment Protection) Regulations and/or the 2006 Northern Ireland Employment Service Change (Employment Protection) Regulation, collectively referred to as «TUPE,» your labour rights are protected. 1.3 The transfer takes effect with the execution of this share transfer contract and the payment of the amount covered in point 2.
PandaTip: This schedule should include all shares or shares transferred as part of this share transfer agreement. When shares or shares are transferred to more than one company, they should have their own line in a table such as the one below. They should present the transferred actions in the most detailed way possible. Try to include the class of shares, the face value of the shares and their payment. Here are a few examples below: the TUPE protection measures are in place to prevent you from getting poorer terms of employment when they are transferred. This means that not only will your existing business conditions be transferred to the new employer on the first working day, but you should not lose your labour rights either. 6. VARIATION This share transfer agreement may be amended and any changes must be made in writing by both parties. Your employer cannot choose you for redundancy simply because you have moved to the company. If your employer has applied fair and objective selection criteria for redundancies and you are selected for dismissal, that would be fair. This share transfer agreement (the «agreement») defines the conditions under which [TRANSFEROR NAME] (the «Transferor»), a company, which is duly registered under the [STATE] law with the registered number [REGISTERED NUMBER] and which has its address registered under [REGISTERED ADDRESS] transfers certain shares it holds to [TRANSFEREE NAME] (the «Transferee»), a company duly registered in accordance with the law of [STATE] with the registered number [REGISTERED NUMBER] and which has its address registered with [REGISTERED NUMBER] and which has its address registered with [REGISTERed ADDRESS]