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(a) The Incumbent Employer shall post public notice of the Change in Control at the location of the affected Formula Retail Establishment within 24 hours of the date that the Transfer Document is fully executed. The Incumbent Employer shall be responsible for keeping the public notice posted before the Change in Control and the Successor Employer shall be responsible for doing so after the Change in Control. The notice of Change in Control shall remain posted for at least 30 days.
(b) Notice shall include, but not be limited to, the name of the Incumbent Employer and its contact information, the name of the Successor Employer and its contact information, the U.S. Postal and electronic mailing addresses that Eligible Employees may use to provide their updated contact information, and the effective date of the Change in Control.
(c) Notice shall be posted in a conspicuous place at the Formula Retail Establishment so as to be readily viewable by Eligible Employees and other employees, customers, and members of the public.
(d) Successor Employers shall maintain the Retention List of Eligible Employees entitled to employment for the 90 day transition period, including updated contact information provided by Eligible Employees, until the expiration of the retention rights of all Eligible Employees on the list.
(e) The Employer who pays the wages of Eligible Employees for the first time after the Transfer Document is fully executed shall provide with the paycheck notice of the rights of Eligible Employees under this Article.
(Added by Ord. 236-14, File No. 140880, Eff. 1/4/2015, Oper. 7/3/2015)