Common use of NEGOTIATIONS FOR LOCAL Clause in Contracts

NEGOTIATIONS FOR LOCAL. MODIFICATIONS 1. In the event of an arbitrator’s decision that there is a significant competitive dis- advantage in light of current market con- ditions, the parties will have seven (7) days to negotiate local modifications to the Principal Agreement. Local amend- ments to the Principal Agreement agreed upon by the parties will be for a specific period of time not to exceed three (3) years after the effective date of the amendments following which the applica- ble provisions of the Principal Agreement then in effect shall apply. A local modifica- tions agreement or a Final Offer Selection (FOS) arbitration award shall be reviewed annually by the applicant and the affected Local Union and such agreement or award, as the case may be, shall cease to operate for all purposes in the event that the Local Union can establish that the significant competitive disadvantage no longer exists in light of subsequent mar- ket conditions. 2. If the applicant and the affiliated Local Union agree to amend the Principal Agreement and the IBEW/IBEW-CCO and the ETBA agree to such amendments, the Principal Agreement is amended accord- ingly but only with respect to the scope of work defined in para. A 1-3. The agree- ment is not effective unless and until it is in writing and sets out the text of the amendments.