Common use of EFFECTIVE DATE-DURATION-MODIFICATION Clause in Contracts

EFFECTIVE DATE-DURATION-MODIFICATION. 5.1 When executed by parties hereto, the terms and conditions of this Agreement shall become effective June 1, 2014, and shall remain in full force and effect through May 31, 2016. The "no-strike, no-lockout" provisions of the Agreement shall remain in full force and effect during the entire two (2) year duration of this Agreement. The monetary considerations, i.e. wages, fringe benefits, etc., shall be as set forth in Schedule "A" for rates to be effective June 1, 2014. 5.2 Any party hereto desiring termination or modification of the Agreement to take effect June 1, 2016, must serve, by Certified Mail/Express Mail written notice to the other of a desire to change, amend, modify or terminate this Agreement on or before March 1, 2016. If no such written notice is given, this Agreement shall continue in full force and effect from 5.3 If no Agreement has been entered into at the expiration of said ninety (90) day period, this Agreement shall continue in full force and effect until a new Agreement is reached or either party notifies the other by Certified Mail/Express Mail of termination. If such termination notice is given, its effective date must be more than twenty-four (24) hours after the other party receives such notification.

EFFECTIVE DATE-DURATION-MODIFICATION. 5.1 When executed by parties hereto, the terms and conditions of this Agreement shall become effective June 1, 20142011, and shall remain in full force and effect through May 31, 20162014. The "no-strike, no-lockout" provisions of the Agreement shall remain in full force and effect during the entire two (2) year duration of this Agreement. The monetary considerations, i.e. wages, fringe benefits, etc., shall be as set forth in Schedule "A" for rates to be effective June 1, 2014.and 5.2 Any party hereto desiring termination or modification of the Agreement to take effect June 1, 20162014, must serve, by Certified Mail/Express Mail written notice to the other of a desire to change, amend, modify or terminate this Agreement on or before March 1, 20162014. If no such written notice is given, this Agreement shall continue in full force and effect fromfrom year to year. It is agreed that in the event that either party should exercise its rights under this paragraph to amend or modify, the parties will, for a period of ninety (90) days prior to the expiration of the Agreement, bargain exclusively with each other with respect to all wage rates, working conditions and hours of employment for the work herein covered. 5.3 If no Agreement has been entered into at the expiration of said ninety (90) day period, this Agreement shall continue in full force and effect until a new Agreement is reached or either party notifies the other by Certified Mail/Express Mail of termination. If such termination notice is given, its effective date must be more than twenty-four (24) hours after the other party receives such notification.