Last best offer definition

Last best offer or "LBO" means the contract terms a party at impasse would like to have as the parties' CBA, as well as supporting documents and information.
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Last best offer means the final position taken by the Employer and the Exclusive Bargaining Representative before reaching an Impasse.
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Examples of Last best offer in a sentence

  • IS AMENDED TO READ AS FOLLOWS: 560 IAC 2-4-3.1 Last best offer Authority: IC 20-29-3-11; IC 20-29-6-15.1Affected: IC 20-29-6-12.5 Sec.

  • IS ADDED TO READ AS FOLLOWS: 560 IAC 2-4-3.1 Last best offer Authority: IC 20-29-3-11; IC 20-29-6-15.1Affected: IC 20-29-6 Sec.

  • On February 8 CCCLOC announced that our members voted overwhelmingly to reject City Colleges' woefully inadequate "Last, best" offer.

  • Chronic care services for chemotherapy, radiation therapy, or hemodialysis will be excluded from the office visit copayment.

  • Tax arbitration clauses OECD Model Convention (2017) • Last best offer ⮚ Each competent authority submits a proposed resolution limited to: i) monetary disputes: specific monetary amounts or the maximum amount that may be charged and ii) ‘threshold disputes’: proposed answers ⮚ Possibility to submit supporting position paper ⮚ Arbitrations select one of the proposed resolutions.

  • Tax arbitration clauses OECD Model Convention (2017) • Article 25(5) OECD MC: procedural rules, including type of arbitration, to be agreed amongst competent authorities • Sample mutual agreement on arbitration Ø Last best offer as default option; reasoned opinion as alternative “Competent authorities can therefore agree to use that independent opinion process on a case-by-case basis.

  • Tax arbitration clauses OECD Model Convention (2017) • Article 25(5) OECD MC: procedural rules, including type of arbitration, to be agreed amongst competent authorities • Sample mutual agreement on arbitration ⮚ Last best offer as default option; reasoned opinion as alternative “Competent authorities can therefore agree to use that independent opinion process on a case-by-case basis.

  • Tax arbitration clauses OECD Model Convention (2017) • Last best offer Ø Each competent authority submits a proposed resolution limited to: i) monetary disputes: specific monetary amounts or the maximum amount that may be charged and ii) ‘threshold disputes’: proposed answers Ø Possibility to submit supporting position paper Ø Arbitrations select one of the proposed resolutions.

Related to Last best offer

  • Last best offer package means the offer exchanged by parties not less than 14 days prior

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

  • Subsequent Offering means any further issuance of Interests in any Series, excluding any Initial Offering or Transfer.

  • Firm Offer means an offer which, when made, was capable of becoming legally binding upon acceptance.

  • Market/Offer Price means the highest of (i) the price per share of Common Stock at which a tender or exchange offer therefor has been made, (ii) the price per share of Common Stock to be paid by any third party pursuant to an agreement with Issuer, (iii) the highest closing price for shares of Common Stock within the six-month period immediately preceding the date the Holder gives notice of the required repurchase of this Option or the Owner gives notice of the required repurchase of Option Shares, as the case may be, or (iv) in the event of a sale of all or any substantial part of Issuer's assets or deposits, the sum of the net price paid in such sale for such assets or deposits and the current market value of the remaining net assets of Issuer as determined by a nationally recognized investment banking firm selected by the Holder or the Owner, as the case may be, and reasonably acceptable to Issuer, divided by the number of shares of Common Stock of Issuer outstanding at the time of such sale. In determining the market/offer price, the value of consideration other than cash shall be determined by a nationally recognized investment banking firm selected by the Holder or Owner, as the case may be, and reasonably acceptable to Issuer.

  • Bona Fide Offer means an actual or genuine offer which includes a specific wage or a training opportunity at a specified place when used to determine whether the parent has refused an offer of training or employment.

  • Offering Notice shall have the meaning set out in Section 3.1;

  • Shelf Offering Notice has the meaning set forth in Section 1(d)(i).

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)

  • First Offer has the meaning set forth in Section 3.9(e)(1) or Section 11.1(b)(i), as applicable.

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • First Offer Notice shall have the meaning set forth in Section 14.4(a).

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Public Offering Price means the price per Share of the Fund at which NLD or selected dealers or selected agents may sell Shares to the public or to those persons eligible to invest in Shares as described in the Prospectus of the Funds, determined in accordance with such Prospectus under the Securities Act relating to such Shares.

  • Qualifying Offering means a private offering of *****’s equity securities (or securities convertible into or exercisable for *****’s equity securities) for cash (or in satisfaction of debt issued for cash) having its final closing on or after the date of this Agreement and which includes investment by one or more venture capital, professional angel, corporate or other similar institutional investors other than Stanford. For the avoidance of doubt, if ***** is a limited liability company, then “equity securities” means limited liability company interests in *****.

  • Qualified Offering means an offering of equity or debt securities for gross proceeds to the Company of not less than $5.0 million.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Third Party Offer has the meaning set out in Section 6.4;

  • Rule 415 Offering means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to similar effect) promulgated under the Securities Act.

  • Repurchase Offer shall have the meaning specified in Section 11.1(b).

  • Qualifying Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Offer means “proposals” in negotiation.

  • Qualified Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Initial Public Offering Price means the price per share of APP Common Stock received by APP before underwriting commissions, discounts or other fees in connection with its Initial Public Offering.