Section 15.3.4. Settlement Clause Samples
Section 15.3.4. Settlement defines the procedures and requirements for resolving outstanding obligations between parties, typically after a dispute or upon contract termination. This clause outlines how payments, deliveries, or other contractual duties are to be finalized, specifying timelines, calculation methods, and any necessary documentation. Its core function is to ensure that both parties have a clear, agreed-upon process for closing out their contractual relationship, thereby minimizing confusion and reducing the risk of future disputes over unsettled matters.
Section 15.3.4. Settlement. 23 Any grievance settled to satisfaction of the grievant at any step of the formal procedure will be 24 final and binding on the grievant, the Association, the employer, and not subject to further review.
Section 15.3.4. Settlement settled to satisfaction of the grievant at any step of the formal procedure will be 3 final and binding on the grievant, the Union, the employer, and not subject to further review.