1. this agreement will be binding upon any successor or merged
company or companies or any successor in control of the
company, or of any airline, regardless of the nature of the transfer
of control (including purchase, sale, merger, consolidation, acquisition, leasing of the operation, and reorganization for the benefit
of creditors) unless or until changed in accordance with the provisions of the Railway labor act, as amended. as soon as the
company or an airline becomes aware of a transaction described
in the foregoing sentence and it is legally permissible to disclose
such information, it shall provide the association with written
notice of the transaction.
2. neither the company nor an airline shall enter into or be a party
to any transaction described in paragraph d.1., above, (a “successorship transaction”) unless the successor agrees in writing,
as an irrevocable condition of the successorship transaction, to
assume and be bound by the agreement, to recognize the association as the representative of the pilots and to employ, in accordance with the provisions of the agreement, those pilots on the
pilots’ System Seniority list who are employed by the relevant
airline or airlines at the time of the closing of the successorship
transaction