TERMINATION AND RENEGOTIATION Clause Samples

The 'Termination and Renegotiation' clause defines the conditions under which a contract may be ended early or its terms revised by the parties involved. Typically, this clause outlines specific events or breaches that allow either party to terminate the agreement, as well as procedures for initiating renegotiation, such as providing written notice or meeting to discuss new terms. Its core function is to provide flexibility and a clear process for adapting or ending the contractual relationship if circumstances change or if the agreement no longer serves the parties' interests.
TERMINATION AND RENEGOTIATION. A. This Agreement shall remain in effect until April 12, 2025, unless it is found to be unenforceable or is ordered terminated by an arbitrator or court of competent jurisdiction. Either the Guild or the Agent shall have the right to terminate and propose modifications to the Agreement by serving written notice on the other party at least one hundred twenty (120) days prior to the termination date. If neither party serves timely notice of termination, the Agreement will automatically be extended for additional one-year periods, subject to the right of either party to serve a notice of termination at least one hundred twenty (120) days prior to the termination date then in effect. B. Notwithstanding subsection 7.A. above, Agent shall have the right to terminate its obligations under this Agreement upon written notice to Guild. Agent’s termination under this subsection 7.B. shall be effective forty-five (45) days after its service of such notice.
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TERMINATION AND RENEGOTIATION. A. In addition to the rights of either party enumerated elsewhere in this Agreement or available to either party under law or in equity, each party shall have the right to terminate this Agreement upon written notice to the other party if the other party fails to perform any of its material obligations under this Agreement and such failure continues un-remedied during the ten (10) day period following the receipt by the other party of the notice of termination. The effective date of any such termination shall be the date provided in the notice from the party terminating this Agreement, but may not be less than the ten (10) day period provided above. B. This Agreement will terminate immediately if United ceases to hold the governmental authorities or slots necessary to operate the COU Flights. C. United shall have the right to terminate this Agreement upon no less than thirty (30) days’ prior written notice to the Guarantor, if United believes the MRG Cap, as calculated by United’s FPS, may be achieved at any time (without regard to the timing of the monthly close out of United’s FPS) during the Term. D. If (i) United notifies Guarantor of a “Material Cost Circumstance”, as defined below, United may request a renegotiation of the amounts of Minimum Revenues and/or the MRG Cap or (ii) Guarantor notifies United of a “Material Cost Circumstance”, Guarantor may request a renegotiation of the amounts of Minimum Revenues and/or the MRG Cap. If, within ten (10) business days of such request, negotiations do not result in the establishment of revised Minimum Revenues and/or the MRG Cap amounts reasonably acceptable to United, United may terminate this Agreement upon no less than five (5) days’ written notice to Guarantor, at which time all of United’s obligations under this Agreement shall cease. For the purposes of this Agreement, “Material Cost Circumstance” means that, at any time during the Term of this Agreement, the Spot Price for Kerosene-Type Jet fuel, U.S. Gulf Coast as published by the U.S. Energy Information Administration in its weekly “Petroleum Status Report” exceeds $2.02.
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TERMINATION AND RENEGOTIATION. (i) In the event of renegotiation, as a result of the commencement of a return-to-work program, the employee’s approved rehabilitation provider must be consulted. (ii) A home-based working arrangement may be: (a) altered or discontinued by agreement at the request of the employer or the employee, provided that neither party will unreasonably withhold agreement to alter or discontinue the arrangement; (b) terminated by the employer due to operational requirements after the period of four weeks’ notice, including where the employee unreasonably withholds consent with respect to access by management or management representative, in accordance with subclause (6); (c) terminated by the employer on grounds of inefficiency of the arrangements after four weeks’ notice; (d) terminated by the employer in the event of failure to comply with Occupational Safety and Health or security arrangements, as outlined in subclause (6). (iii) Where an arrangement is terminated in accordance with this subclause, the employee will be provided with written reasons at the time when the notice is given. In accordance with the principles of natural justice, the employee shall be given two (2) weeks to reply to the written reasons and the employer will give due consideration to any response provided.
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TERMINATION AND RENEGOTIATION. On behalf of each member of the GVC Group, GVC agrees that, if requested by ▇▇ ▇▇▇▇▇ at any time following the Effective Time, it shall: (a) promptly take steps to terminate the Canal+ Heads of Terms or, if applicable, the Canal+ JV in accordance with their respective terms or in such other manner as is agreed between ▇▇▇▇▇▇▇ ▇▇▇▇ and GVC; or (b) use all reasonable endeavours to renegotiate the Canal+ Heads of Terms or the Canal+ JV, in accordance with ▇▇▇▇▇▇▇ ▇▇▇▇'▇ reasonable instructions.
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TERMINATION AND RENEGOTIATION. 15.1. This Agreement shall become effective as of 1 February 2013 and is concluded for an indefinite period. 15.2. The Agreement may be terminated either by the management representatives or the employee representatives by giving at least 6 months’ notice to expire at the end of a month and by the dispatch of a letter stating the reasons. Termination by the employee representatives is conditional upon a majority of 2/3 of the em- ployee representatives in the European Works Council supporting the termination. 15.3. In the event of termination, the parties hereby agree to establish a special nego- tiation body in order to achieve a new agreement concerning the composition of a new European Works Council on such terms agreed by the special negotiation body. The negotiations shall commence as soon as this is practicable after the termination of this Agreement.
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TERMINATION AND RENEGOTIATION 
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Related to TERMINATION AND RENEGOTIATION

  • Termination and Renewal This Agreement shall be in full force and effect until March 31, 2024 2027 and shall continue in effect from year to year thereafter unless either party gives notice, in writing, not more than ninety (90) days nor less than sixty (60) days prior to any expiration or modification date of its desire to terminate or modify such Agreement; provided that, in the event the Union serves written notice in accordance with this Section, any strike or stoppage of work after any expiration or modification date shall not be deemed in violation of any provision of this Agreement, any other provision to the contrary notwithstanding.

  • EXPIRATION AND RENEWAL 47.01 This Agreement shall be in effect from May 21, 2021, and shall remain in effect until May 20, 2025, and thereafter from year to year, but either party may, not less than thirty (30) days or more than ninety (90) days before the expiry date or the anniversary date of such expiry date from year to year thereafter, give notice in writing to the other party of a desire to terminate such Agreement or to negotiate a revision thereof. 47.02 When the required notice for termination or revision is given by either party, negotiations in connection with same shall be started as soon as reasonably possible and conducted, so that if it is reasonably possible, same may mutually and satisfactorily be concluded within the notification period.

  • TERM, CONTINUATION AND RENEGOTIATION In this Collective Agreement, "Previous Collective Agreement" means the Collective Agreement that was in effect between the two parties for the period July 1, 2013 to June 30, 2019 including any amendments agreed to by the parties during that period. 1. Except as otherwise specifically provided, this Collective Agreement is effective July 1, 2019 to June 30, 2022. The parties agree that not less than four (4) months preceding the expiry of this Collective Agreement, they will commence collective bargaining in good faith with the object of renewal or revision of this Collective Agreement and the concluding of a Collective Agreement for the subsequent period. 2. In the event that a new Collective Agreement is not in place by June 30, 2022 the terms of this Collective Agreement are deemed to remain in effect until the date on which a new Collective Agreement is concluded. 3. All terms and conditions of the Previous Collective Agreement are included in the Collective Agreement, except where a term or condition has been amended or modified in accordance with this Collective Agreement. 4. a. If employees are added to the bargaining unit established under section 5 of the Public Education Labour Relations Act during the term of this Collective Agreement, the parties shall negotiate terms and conditions that apply to those employees.

  • Expiration and Termination This Agreement is for one academic year (August 1, 2018 through July 31, 2019) and will automatically renew for the following academic year unless terminated as indicated below by either party. a. Any party may terminate this Agreement by written notice to the other at any time if that other party: (i.) commits a breach of this Agreement and, has not yet remedied the breach within 14 days of being notified of the facts and circumstances giving rise to the breach; or

  • DURATION AND RENEWAL (The following clause will appear in all collective agreements replacing any provision related to Duration and Renewal that existed in the Hospital's expiring collective agreement:) .01 This Agreement shall continue in effect until the 31st day of March, 2002 and shall continue automatically thereafter for annual periods of one year each unless either party notifies the other in writing that it intends to amend or terminate this Agreement in accordance with the following: (a) In the event the parties to this Agreement agree to negotiate for its renewal through the process of central bargaining, either party may give notice to the other of its desire to bargain for the renewal of this Agreement within 120 days prior to the termination date of this Agreement. Negotiations on local matters shall take place during the period from 120 to 60 days prior to the termination date of this Agreement. It is understood and agreed that "local matters" means those matters which have been determined by mutual agreement between the central negotiating committees representing each of the parties to this Agreement as being subjects for local bargaining directly between the parties to this Agreement. It is also agreed that local bargaining shall be subject to such procedures as may be determined by mutual agreement between the central negotiating committees referred to above. (b) In the event the parties to this Agreement do not agree to negotiate for its renewal through the process of central bargaining, either party may notify the other within the period from ninety days to sixty days preceding the expiry date of this Agreement that it desires to amend or terminate this Agreement. If notice of amendment or termination is given by either party, the other party agrees to meet for the purpose of negotiations within thirty (30) days after the giving of notice, if so requested. It is further understood that the central negotiating committees will meet in the sixth month prior to the termination of this Agreement to convey the intentions of their principals as to participation in central negotiations, if any, and to determine the conditions for such central bargaining. Proposals on central issues shall be exchanged by the central negotiating committees on a date set out in the Memorandum of Conditions for Joint Bargaining. Negotiations on central matters shall take place during the period commencing 90 days prior to the termination of this Agreement.