17:48E-46.16. Full-time employees maintained for 36 months following transition
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/nj/title-17/chapter-48e/17-48e-46-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16. a. Upon the formation of a mutual holding company, the total number of full-time employees that were employed within a mutual holding company system shall be maintained for a transition period of 36 months following that formation based on the full-time employee count of the health service corporation as of September 30, 2019, except as provided in subsection b. of this section.
b. This section shall not:
(1)supersede the terms of any collective bargaining agreement; or
(2)require a mutual holding company system to replace headcount lost due to voluntary attrition or terminations for cause, including for performance, or replace any loss of headcount attributable to a decline in enrollment, market share, or loss of a major account.
c. This section shall expire following the transition period of 36 months following the formation of a mutual holding company.
L.2020, c.145, s.16.