Common use of MARKET RECOVERY PROGRAM Clause in Contracts

MARKET RECOVERY PROGRAM. The parties to this Agreement recognized the need for a Market Recovery Program and the necessity of assuring the competitive position of the parties within the industry. Consistent with that recognition, the parties will continually monitor the effectiveness of this Agreement, relative to the specific geographic or market areas and will endeavor, by mutual agreement; to initiate such supplements to the Agreement as may be necessary to assure the work opportunities and the competitive position of the Individual Employer and Local 16. Supplements to this Agreement will not be utilized where there are President Agreements or Project Agreements which cover the work being bid.

MARKET RECOVERY PROGRAM. The parties to this Agreement recognized the need for a Market Recovery Program and the necessity of assuring the competitive position of the parties within the industry. Consistent with that recognition, the parties will continually monitor the effectiveness of this Agreement, relative to the specific geographic or market areas and will endeavor, by mutual agreement; , to initiate such supplements to the Agreement as may be necessary to assure the work opportunities and the competitive position of the Individual Employer and Local 16. Supplements to this Agreement will not be utilized where there are President Agreements or Project Agreements which cover the work being bid.