Common use of Modification; Termination Clause in Contracts

Modification; Termination. 4.1 During the period of this Agreement, neither the Bank nor the Union shall seek to alter, modify, annul or add to any of its provision in any way whatsoever, except by an agreement between the parties. 4.2 Should any new legislation supersede, vary or add to any of the provision of this Agreement, then the relevant provision of this Agreement shall be amended accordingly. However, if the benefits contained in this Agreement are more favorable, they will continue to apply, if so permitted by law. 4.3 Any variation of this Agreement between the parties shall be jointly deposited by the parties with the Registrar of the Industrial Court within thirty (30) days from the date on which the agreement has been entered into, provided that the variation agreement shall not take effect until cognizance has been taken by the Industrial Court. Any such variation agreement of which the Industrial Court has taken cognizance shall be binding on the parties from such date and for such period as may be specified therein but no such period shall commence earlier than the effective date of this Agreement. 4.4 Either party may serve on the other not less than six (6) months notice in writing to terminate the Agreement with a view to negotiate on new terms and conditions of employment but no such notice shall be serve earlier than 1st September 2010. The party that serves the notice shall present to the other proposals on new terms and conditions of employment. Negotiations shall commence not later than thirty (30) days from the date of receipt of such proposal by the other party. 4.5 This Agreement may be terminated by either party giving to the other six (6) months written notice but no such notice may be served earlier than 1st September 2010. In the event that the Agreement is terminated in accordance with this Clause, the provision of this Agreement shall, so long as the Bank is in operations, and the Union is there to represent the employees employed therein, continue to be in force until and unless superseded by a new Collective Agreement or by an Award of the Industrial Court.

Modification; Termination. 4.1 During the period of this Agreement, neither the Bank nor the Union shall seek to alter, modify, annul or add to any of its provision in any way whatsoever, except by an agreement between the parties. 4.2 . Should any new legislation supersede, vary or add to any of the provision of this Agreement, then the relevant provision of this Agreement shall be amended accordingly. However, if the benefits contained in this Agreement are more favorable, they will continue to apply, if so permitted by law. 4.3 . Any variation of this Agreement between the parties shall be jointly deposited by the parties with the Registrar of the Industrial Court within thirty (30) days from the date on which the agreement has been entered into, provided that the variation agreement shall not take effect until cognizance has been taken by the Industrial Court. Any such variation agreement of which the Industrial Court has taken cognizance shall be binding on the parties from such date and for such period as may be specified therein but no such period shall commence earlier than the effective date of this Agreement. 4.4 . Either party may serve on the other not less than six (6) months notice in writing to terminate the Agreement with a view to negotiate on new terms and conditions of employment but no such notice shall be serve earlier than 1st September 20102007. The party that serves the notice shall present to the other proposals on new terms and conditions of employment. Negotiations shall commence not later than thirty (30) days from the date of receipt of such proposal by the other party. 4.5 . This Agreement may be terminated by either party giving to the other six (6) months written notice but no such notice may be served earlier than 1st September 20102007. In the event that the Agreement is terminated in accordance with this Clause, the provision of this Agreement shall, so long as the Bank is in operations, and the Union is there to represent the employees employed therein, continue to be in force until and unless superseded by a new Collective Agreement or by an Award of the Industrial Court.

Modification; Termination. 4.1 During the period of this Agreement, neither the Bank nor the Union shall seek to alter, modify, annul or add to any of its provision in any way whatsoever, except by an agreement between the parties. 4.2 . Should any new legislation supersede, vary or add to any of the provision of this Agreement, then the relevant provision of this Agreement shall be amended accordingly. However, if the benefits contained in this Agreement are more favorable, they will continue to apply, if so permitted by law. 4.3 4.2 Any variation of this Agreement between the parties shall be jointly deposited by the parties with the Registrar of the Industrial Court within thirty (30) days from the date on which the agreement has been entered into, provided that the variation agreement shall not take effect until cognizance has been taken by the Industrial Court. Court has taken cognizance. 4.3 Any such variation agreement of which the Industrial Court has taken cognizance shall be binding on the parties from such date and for such period as may be specified therein but no such period shall commence earlier than the effective date of this Agreement. 4.4 Either party may serve on the other not less than six (6) months notice in writing to terminate the Agreement with a view to negotiate on new terms and conditions of employment but no such notice shall be serve served earlier than 1st September 2010September, 2004. The party that serves the notice shall present to the other proposals on new terms and conditions of employment. Negotiations shall commence not later than thirty (30) days from the date of receipt of such proposal by the other party. 4.5 This Agreement may be terminated by either party giving to the other six (6) months written notice but no such notice may be served earlier than 1st September 2010September, 2004. In the event that the Agreement is terminated in accordance with this Clause, the provision of this Agreement shall, so long as the Bank is in operations, operations and the Union is there to represent the employees employed therein, continue to be in force until and unless superseded by a new Collective Agreement or by an Award of the Industrial Court.