Common use of Subsequent Contract Clause in Contracts

Subsequent Contract. If the School Board takes action authorizing the negotiation of a subsequent Contract, the parties will act in good faith to complete negotiations and enter the subsequent Contract before the end of this Contract. This action will include a provision that, in the event that negotiations for a subsequent Contract have not been completed by the end of this Contract’s term, the parties will enter into a subsequent Contract for the term set forth in the School Board’s action and that the new subsequent Contract’s compensation and benefits level in the last year of this Contract is the same as in the current Contract pending final negotiations of compensation and benefit terms for the new Contract.