Common use of – Fiscal Crisis Clause in Contracts

– Fiscal Crisis. In the unlikely event during the term of this Memorandum of Understanding the City of Tempe experiences loss of revenues or legal requirements that if not resolved during the budget year would result in the layoff of City of Tempe SEIU unit members or the serious curtailment of services provided to the citizens of Tempe, this Memorandum of Understanding may be reopened. This provision shall only apply if the general population of City of Tempe employees is subject to the same or greater reduction of pay or benefits negotiated as a result of this reopened provision. The following provisions shall apply to this circumstance.

– Fiscal Crisis. In the unlikely event during the term of this Memorandum of Understanding the City of Tempe experiences loss of revenues or legal requirements that if not resolved during the budget year would result in the layoff of City of Tempe SEIU UAEA unit members or the serious curtailment of services provided to the citizens of Tempe, this Memorandum of Understanding may be reopened. This provision shall only apply if the general population of City of Tempe employees is subject to the same or greater reduction of pay or benefits negotiated as a result of this reopened provision. The following provisions shall apply to this circumstance.

– Fiscal Crisis. In the unlikely event during the term of this Memorandum of Understanding the City of Tempe experiences loss of revenues or legal requirements that if not resolved during the budget year would result in the layoff of City of Tempe SEIU unit members or the serious curtailment of services provided to the citizens of Tempe, this Memorandum of Understanding may be reopened. This provision shall only apply if the general population of City of Tempe employees is subject to the same or greater reduction of pay or benefits negotiated as a result of this reopened provision. The following provisions shall apply to this circumstance.