Common use of Plant Shutdown Clause in Contracts

Plant Shutdown. The Company firmly believes that a complete plant shutdown will not occur in the foreseeable future. However, in the event of a permanent cessation of all production activities at the Facility, the Company agrees, without prejudice, to discuss termination pay with the Union.

Plant Shutdown. The Company firmly believes that a complete plant shutdown will not occur in the foreseeable future. As a matter of fact, quite the opposite is visualized, with the forecast expansion in future demand for products for power reactors. However, in the event of a permanent cessation of all production activities at the Facility, the Company agrees, without prejudice, to discuss termination pay with the Union.