Re-Opener definition
Examples of Re-Opener in a sentence
The Independent Engineer shall deliver the Re-Opener Reports in the prescribed format to the Purchaser within seven (7) Days following the end of month to which the Re- Opener Report relates.
The Re-Opener Reports shall be in a form acceptable to the Purchaser and include all necessary details along with supporting documents.
The Purchaser shall then review the Re-Opener Report within fourteen (14) days from the date of submission and may seek additional information thereto.
After submission of any additional information required by the Purchaser or in case no further information is required the Re-Opener Report shall be considered to be final.
The parties agree to begin negotiations for this Economic Re-Opener no later than March 15, 2022 It is understood and agreed that the current economic provisions of the parties’ new successor collective bargaining agreement in effect shall remain in place during such negotiations, and that there will be no step, lane or any other increases in compensation or District insurance contributions until the parties otherwise mutually agree in writing .
The Notice of Re-Opener will set forth with particularity the facts that support the existence of such right and the issues to be re-negotiated.
This Wage Re-Opener shall not be construed in any way as "opening the agreement" for negotiation on any other issues by either Party.
If the Parties have not been able to agree upon the above item within two weeks of negotiations on the Wage Re-Opener, either Party may give written notice to the other Party of its desire to submit resolution of the item to interest arbitration, before a three-member panel comprised of a nominee of both parties and a mutually acceptable chair.
If the Parties are unable to agree in these informal negotiations, then within forty-five (45) days of SMUD’s Notice of Re-Opener, either SMUD or the El Dorado Parties may seek expedited binding arbitration in accordance with Section 17.3.3.4 below.
If the Parties are unable to reach agreement on an issue as to which a right of re-opener has been exercised after diligent, good faith negotiations for a six (6)-month period commencing upon the Notice of Re-Opener, and the Parties do not agree to extend the period for such negotiations, then any Party may submit the matter to binding arbitration in accordance with Section 17.5 below.