Shared Sacrifice Clause Samples

Shared Sacrifice. In the event Contra Costa County enters into a Memorandum of Understanding (MOU) and/or adopts a Resolution establishing wages, hours and working conditions for any County employee that does not provide for an equivalent reduction in labor costs as a percentage of payroll for the County employee(s) covered by the MOU and/or resolution, the parties must reopen the Coalition Union MOUs for the sole purpose of meeting and conferring about suspending or modifying the prospective implementation of the ATA provisions of this agreement.

Shared Sacrifice. The parties hereto agree that, in the event any agreement (including, but not limited to, any collective bargaining agreement) between the City and a union representing City employees (any such agreement, a "Union

Shared Sacrifice. The University commits to a holistic review of all employee groups during the time period of this Letter of Agreement in order to employ a practicable shared sacrifice across all employee groups.

Shared Sacrifice. The Unions’ acceptance of the terms of this ▇▇▇ is expressly conditioned upon the Company’s commitment to shared sacri- fice. Following emergence and subject to the provisions of Sec- tion (Y)(1) below, disagreements between the Unions’ and the Company over the Company’s commitment to shared sacrifice shall be subject to the grievance procedure under the Modifica- tion Agreement on an expedited basis in accordance with the Rules of the American Arbitration Association. Following emer- gence, if the arbitrator finds that the Company has violated its obligation, the sole remedy will be an award of liquidated dam- ages provided that, during the term of this ▇▇▇, the aggregate amount of liquidated damages regarding violations of the “shared sacrifice” provision cannot exceed $5,000,000. Any such damages will be paid to the IBT-represented employees. For the avoidance of doubt, the parties to this ▇▇▇ (i) under- stand and agree that the concepts in this Section (R) will not go into effect until all the Company’s unions have ratified their re- spective LOUs or such LOUs have been implemented pursuant to court order, and (ii) recognize that the effective dates of all the Company’s unions’ LOUs could vary prior to the Exit Date. The Company’s obligation regarding “shared sacrifice” is¸ re- ▇▇▇▇▇▇▇ employees who are not IBT-represented, to use best ef- forts to seek wage and benefit cost adjustments that would be comparable to those adjustments for IBT employees under this ▇▇▇. To determine whether the adjustments sought by the Company would be “comparable,” all relevant circumstances, measured in a practical manner, will be considered; for exam- ple, relevant circumstances would include the fact that the Com- pany’s unrepresented employees (including management) have experienced “shared sacrifice” in light of changes to their H&W, retirement, and pension benefits.

Shared Sacrifice. The parties hereto agree that, in the event any agreement (including, but not limited to, any collective bargaining agreement) between the City and a union representing City employees (any such agreement, a "Union Agreement") or any amendment to an existing Union Agreement provides for a lower wage rate, reduced benefits or altered work rules as compared to the existing agreement between the City and such union, the City shall take into account and endeavor to obtain concessions from all other unions representing City employees and other stakeholders with the aim of ensuring that all such parties contribute fairly and equitably to the Restructuring.