Common use of Funding Clause Clause in Contracts

Funding Clause. The Union and Board recognize that revenue needed to fund the compensation provided by this Agreement must be approved by established budget procedures and, in certain circumstances, by a vote of the citizens. All such compensation is, therefore, contingent upon sources of revenue and, where applicable, voter budgets approval. Because of this, the District cannot and does not guarantee any level of employment, either in quantity or length of service, in the bargaining unit covered by this Agreement.

Funding Clause. The Union and Board recognize that revenue needed to fund the compensation provided by this Agreement must be approved by established budget procedures and, in certain circumstances, by a vote of the citizens. All such compensation is, therefore, contingent upon sources of revenue and, where applicable, voter budgets approval. Because of this, the District cannot and does not guarantee any level of employment, either in quantity or length of service, in the bargaining unit covered by this Agreement. Any reduction in days shall be negotiated pursuant to ORS 243.698, except if the parties agree otherwise.

Funding Clause. ‌ The Union and Board recognize that revenue needed to fund the compensation provided by this Agreement must be approved by established budget procedures and, in certain circumstances, by a vote of the citizens. All such compensation is, therefore, contingent upon sources of revenue and, where applicable, voter budgets approval. Because of this, the District cannot and does not guarantee any level of employment, either in quantity or length of service, in the bargaining unit covered by this Agreement. Any reduction in days shall be negotiated pursuant to ORS 243.698, except if the parties agree otherwise.