Document ID: chunk:federal_register_of_legislation:C2018C00106:section:7
Version: federal_register_of_legislation:C2018C00106
Segment Type: section
Provision Reference: s 7
Character Range: 15830–16618

7  Staff member of the Authority may consent to being employed by Newco
 (1) This section applies to each staff member of the Authority who receives a Newco employment offer at least 15 days before the sale day. For this purpose, Newco employment offer means an offer of employment with Newco beginning on the sale day that is made by AGL on its own behalf and on behalf of other prospective buyers of shares in Newco.
 (2) The staff member may consent to being employed by Newco by notice in writing given to the Chief Executive Officer of the Authority within 2 weeks after the staff member receives the offer of employment.
 (3) The staff member may revoke his or her consent at any time before the sale day by notice in writing given to the Chief Executive Officer of the Authority.