Common use of Conditional Reopener Clause in Contracts

Conditional Reopener. Either party may reopen Article 9 during the term of this Agreement if reasonable projections by a qualified actuary indicate that the Affordable Care Act excise tax will be triggered by the benefits contained herein. The parties agree to an expedited negotiation process to avoid triggering the tax.

Conditional Reopener. Either party may reopen Article 9 11 during the term of this Agreement if reasonable projections by a qualified actuary indicate that the Affordable Care Act excise tax will be triggered by the benefits contained herein. The parties agree to an expedited negotiation process (and, if necessary, interest arbitration process) to avoid triggering ensure an agreement or interest arbitration award is in place by September prior to the taxyear when the tax would otherwise be triggered.

Conditional Reopener. Either party may reopen Article 9 15 during the term of this Agreement if reasonable projections by a qualified actuary indicate that the Affordable Care Act excise tax will be triggered by the benefits contained herein. The parties agree to an expedited negotiation process (and, if necessary, interest arbitration process) to avoid triggering ensure an agreement or interest arbitration award is in place by September prior to the taxyear when the tax would otherwise be triggered.