CLOSURE AGREEMENT Clause Samples
A Closure Agreement clause formally documents the mutual decision of parties to end their contractual relationship and settle any outstanding obligations. In practice, this clause outlines the terms under which the agreement is concluded, such as final payments, return of property, or release of claims, ensuring that both parties acknowledge the completion of their duties. Its core function is to provide legal certainty and prevent future disputes by clearly establishing that all matters between the parties have been resolved and the contract is officially closed.
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CLOSURE AGREEMENT. The parties acknowledge that during the negotiations which result in this Agreement, each has the unlimited right and opportunity to make demands and proposals with respect to any subject or any matter not removed by law from the areas of collective bargaining and that the understandings and agreements arrived by both parties are set forth in the Agreement. Therefore, the Forest Hills Board of Education and the Forest Hills Bus Drivers Association for the life of this Agreement voluntarily and unqualifiedly waive the right and each agrees that the other shall not be obliged to bargain collectively with respect to any subject or matter referred to or covered by this Agreement and with respect to any subject or matter which was negotiated but no agreement was reached. The parties shall continue to meet in good faith for the purposes of negotiating Letters of Agreement related to issues which are mutually deemed as not being addressed in the current Agreement; and to resolve concerns which may arise as to the negotiated intent, interpretation and application of the current Agreement.
CLOSURE AGREEMENT. 36.1 In the event that Trentway-▇▇▇▇▇ loses the contract to provide transit services to the RDM the provisions of Schedule “C” shall apply.
CLOSURE AGREEMENT. The Employer agrees to give as much notice as is possible prior to a closure, and to enter into negotiations of a closure agreement with the Union.
CLOSURE AGREEMENT. In the event an IOC project decides to close due to any reasons and has to be approved by the IOC committee of the Second Party and forward to the First Party.
CLOSURE AGREEMENT. The parties acknowledge that during the negotiations which result in this Agreement, each has the unlimited right and opportunity to make demands and proposals with respect to any subject or any matter not removed by law from the areas of collective bargaining and that the understandings and agreements arrived by both parties are set forth in the Agreement . Therefore, the Forest Hills Board of Education and the Forest Hills Bus Drivers Association for the life of this Agreement voluntarily and unqualifiedly waive the right and each agrees that the other shall not be obliged to bargain collectively with respect to any subject or matter referred to or covered by this Agreement and with respect to any subject or matter which was negotiated but no agreement was reached.
CLOSURE AGREEMENT. ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇ Chief ▇▇▇▇▇▇▇ Local 914 (Styrolution Unit) UNIFOR ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ SARNIA ON N7T 1X5 Dear ▇▇. ▇▇▇▇▇▇▇: This letter confirms our understanding that in the event of a total closure of its Styrene operations in Sarnia, Styrolution undertakes to meet with the Union to negotiate a closure agreement. Your signature on this letter will affirm your agreement to this understanding. Sincerely, ▇▇▇▇▇▇▇ ▇▇▇▇▇, CHRP ▇▇▇▇ ▇▇▇▇▇▇▇ HR Manager Chief ▇▇▇▇▇▇▇ Styrolution Canada Ltd. Local 914 (Styrolution Unit) February 1, 2013