Last best offer definition

Last best offer or "LBO" means the contract terms a party at impasse would like to have as the parties' CBA, as well as supporting documents and information.
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Last best offer means the final position taken by the Employer and the Exclusive Bargaining Representative before reaching an Impasse.
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Examples of Last best offer in a sentence

  • IS AMENDED TO READ AS FOLLOWS: 560 IAC 2-4-3.1 Last best offer Authority: IC 20-29-3-11; IC 20-29-6-15.1Affected: IC 20-29-6-12.5 Sec.

  • IS ADDED TO READ AS FOLLOWS: 560 IAC 2-4-3.1 Last best offer Authority: IC 20-29-3-11; IC 20-29-6-15.1Affected: IC 20-29-6 Sec.

  • Tax arbitration clauses OECD Model Convention (2017) • Article 25(5) OECD MC: procedural rules, including type of arbitration, to be agreed amongst competent authorities • Sample mutual agreement on arbitration ⮚ Last best offer as default option; reasoned opinion as alternative “Competent authorities can therefore agree to use that independent opinion process on a case-by-case basis.

  • Tax arbitration clauses OECD Model Convention (2017) • Last best offer ⮚ Each competent authority submits a proposed resolution limited to: i) monetary disputes: specific monetary amounts or the maximum amount that may be charged and ii) ‘threshold disputes’: proposed answers ⮚ Possibility to submit supporting position paper ⮚ Arbitrations select one of the proposed resolutions.

Related to Last best offer

  • Shelf Offering Notice has the meaning set forth in Section 1(d)(i).

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Qualified Offering means an offering of Common Stock (and other securities potentially) resulting in the listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or any successors to any of the foregoing).

  • Offer means “proposals” in negotiation.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.