Common use of Settlement Offer Clause in Contracts

Settlement Offer. (d) If the decision of the University Review Committee is unsatisfactory to the Union, the Union shall so notify HRS within 10 Working Days of the decision having been communicated to the Union. Within 10 Working Days of the Union’s notification to HRS, HRS may make an offer of settlement to the Union. Within 10 Working Days of the date of the offer, the Union may either accept the offer of settlement, if any, and the matter shall be considered fully resolved, or the Union may refer the matter to Final Offer Selection Arbitration in accordance with Stage 3. Stage 3 – Arbitration