Common use of ADJUSTMENT PROVISIONS FOR THE SECOND YEAR OF THE AGREEMENT Clause in Contracts

ADJUSTMENT PROVISIONS FOR THE SECOND YEAR OF THE AGREEMENT. Before the end of the first year of the Agreement, NHO and LO, or a body authorized by them, shall commence negotiations on any wage adjustments for the second year of the agreement. The parties are in agreement that the negotiations shall be carried out on the basis of the economic situation at the time of negotiation, and the prospects for the second year of the agreement, as well as price and wage developments in the first year of the agreement. The Supervisory Board of LO, or anybody authorized by the Supervisory Board, and NHO’s Executive Board, shall consider changes in the collective wage agreements for the second year of the agreement. If the parties do not come to an agreement, the organization that has made demands can within 14 – fourteen – days after concluding the negotiations, cancel the individual collective wage agreements with 14 – fourteen – days’ notice (but not to expire before 1 June 2021).

ADJUSTMENT PROVISIONS FOR THE SECOND YEAR OF THE AGREEMENT. Before the end of the first year of the Agreement, NHO and LO, or a body authorized authorised by them, shall commence negotiations on any wage adjustments for the second year of the agreement. The parties are in agreement that the negotiations shall be carried out on the basis of the economic financial situation at the time of negotiation, and the prospects for the second year of the agreement, as well as price and wage developments in the first year of the agreement. The Supervisory Board of LO, or anybody authorized a body authorised by the Supervisory Board, and NHO’s Executive Board, shall consider changes in the collective wage agreements for the second year of the agreement. If the parties do not come to an reach agreement, the organization organisation that has made demands can can, within 14 – fourteen – days after concluding the negotiations, cancel the individual collective wage agreements with 14 – fourteen – days’ notice (but not to expire before 1 June 2021).

ADJUSTMENT PROVISIONS FOR THE SECOND YEAR OF THE AGREEMENT. Before the end of the first year of the Agreement, NHO and LO, or a body authorized by them, shall commence negotiations on any wage adjustments for the second year of the agreement. The parties are in agreement that the negotiations shall be carried out on the basis of the economic situation at the time of negotiation, and the prospects for the second year of the agreement, as well as price and wage developments in the first year of the agreement. The Supervisory Board of LO, or anybody authorized by the Supervisory Board, and NHO’s Executive Board, shall consider changes in the collective wage agreements for the second year of the agreement. If the parties do not come to an agreement, the organization that has made demands can within 14 – fourteen – days after concluding the negotiations, cancel the individual collective wage agreements with 14 – fourteen – days’ notice (but not to expire before 1 June 20212019).

ADJUSTMENT PROVISIONS FOR THE SECOND YEAR OF THE AGREEMENT. Before the end of the first year of the Agreement, NHO and LO, or a body authorized authorised by them, shall commence negotiations on any wage adjustments for the second year of the agreement. The parties are in agreement that the negotiations shall be carried out on the basis of the economic financial situation at the time of negotiation, and the prospects for the second year of the agreement, as well as price and wage developments in the first year of the agreement. The Supervisory Board of LO, or anybody authorized a body authorised by the Supervisory Board, and NHO’s Executive Board, shall consider changes in the collective wage agreements for the second year of the agreement. If the parties do not come to an reach agreement, the organization organisation that has made demands can can, within 14 – fourteen – days after concluding the negotiations, cancel the individual collective wage agreements with 14 – fourteen – days’ notice (but not to expire before 1 June 20212025).