Common use of HOLDOVER PROVISION Clause in Contracts

HOLDOVER PROVISION. In the event the Board of Education and the Stockton Teachers' Association shall fail to secure a successor agreement, as hereinafter provided, prior to the termination of this Master Agreement, the terms and conditions of this agreement shall remain in force and effect until successor agreement is reached, however, such extended period shall not be for any longer Period than shall be allowed by applicable statutes or court ruling.

Appears in 2 contracts

Sources: Negotiated Agreement, Negotiated Agreement

HOLDOVER PROVISION. In the event the Board of Education and the Stockton Teachers' Association shall fail to secure a successor agreement, as hereinafter provided, prior to the termination of this Master Agreement, the terms and conditions of this agreement shall remain in force and effect until successor agreement is reached, however, such extended period shall not be for any longer Period period than shall be allowed by applicable statutes or court ruling.

Appears in 1 contract

Sources: Master Agreement