Request for Annual Negotiations Clause Samples
The Request for Annual Negotiations clause establishes a formal process for parties to initiate discussions about contract terms on a yearly basis. Typically, this clause allows either party to submit a written request to renegotiate specific provisions, such as pricing, service levels, or other key terms, within a designated time frame each year. Its core function is to provide a structured opportunity for both parties to address changing circumstances or market conditions, ensuring the contract remains fair and relevant over time.
Request for Annual Negotiations.
A. If either Party desires to amend or modify any of the terms or conditions of this agreement, they shall notify the other Party in writing, no later than September 1, in accordance with the Preamble of this agreement. At the meeting immediately following, both Parties shall submit a listing of the Articles for which proposals will be submitted. Items, which the Parties agree to, shall be initialed as tentative agreement(s) unless the Parties agree otherwise.
Request for Annual Negotiations. A. If either Party desires to amend or modify any of the terms or conditions of this agreement, they shall notify the other Party in writing, no later than September 1, in accordance with the Preamble of this agreement. At the meeting immediately following, both Parties shall submit complete written proposals. Items, which the Parties agree to, shall be initialed as tentative agreement(s) unless the Parties agree otherwise.
B. Meetings, by mutual agreement, shall be scheduled during the normal work day whenever possible; and release time without loss of pay shall be arranged when meetings are held during the regular work day. When substitutes are used, the cost of substitutes shall be borne by SEIU/FPSU.