Common use of Modification or Termination Clause in Contracts

Modification or Termination. This AGREEMENT, when signed by the officers of the COMPANY and the UNION, shall become effective as described above for a period of four (4) years and shall continue to remain in full force and effect from year to year thereafter, unless written notices is given by either party hereto to the other on or before sixty (60) days prior to the annual expiration date, requesting that the AGREEMENT be modified or terminated. In the event of such notification, the parties hereto shall immediately confer and negotiate with reference to a new or modified AGREEMENT. Negotiations for a new contract shall commence not later than thirty (30) days from the date of the written notice herein mentioned.

Appears in 2 contracts

Samples: Piscataway Agreement (Simmons Co /Ga/), Dallas Agreement (Simmons Co /Ga/)

AutoNDA by SimpleDocs

Modification or Termination. This AGREEMENT, when signed by the officers of the COMPANY and the UNION, shall become effective as described above for a period of four (4) years and shall continue to remain in full force and effect from year to year thereafter, unless written notices notice is given by either party hereto to the other on or before sixty (60) days prior to the annual expiration date, requesting that the AGREEMENT be modified or terminated. In the event of such notification, the parties hereto shall immediately confer and negotiate with reference to a new or modified AGREEMENT. Negotiations for a new contract shall commence not later than thirty (30) days from the date of the written notice herein mentioned.

Appears in 1 contract

Samples: Agreement (Simmons Co /Ga/)

Modification or Termination. This AGREEMENTagreement, when signed by the officers of the COMPANY and the UNION, shall become effective as described above for a period of four (4) years and shall continue to remain in full force and effect from year to year thereafter, unless written notices is given by either party hereto to the other on or before sixty (60) days prior to the annual expiration date, requesting that the AGREEMENT agreement be modified or terminated. In the event of such notification, the parties hereto shall immediately confer and negotiate with reference to a new or modified AGREEMENTagreement. Negotiations for a new contract shall commence not later than thirty (30) days from the date of the written notice herein mentioned.

Appears in 1 contract

Samples: Article Title (Simmons Co /Ga/)

Modification or Termination. This AGREEMENTAgreement, when signed by the officers of the COMPANY and the UNION, shall become effective as described above for a period of four (4) years and shall continue to remain in full force and effect from year to year thereafter, unless written notices is given by either party hereto to the other on or before sixty (60) days prior to the annual expiration date, requesting that the AGREEMENT Agreement be modified or terminated. In the event of such notification, the parties hereto shall immediately confer and negotiate with reference to a new or modified AGREEMENTAgreement. Negotiations for a new contract shall commence not later than thirty (30) days from the date of the written notice herein mentioned.

Appears in 1 contract

Samples: Simmons Co /Ga/

AutoNDA by SimpleDocs

Modification or Termination. This AGREEMENT, when signed by the officers of the COMPANY and the UNION, shall become effective as described above for a period of four three (43) years and shall continue to remain in full force and effect from year to year thereafter, unless written notices is given by either party hereto to the other on or before sixty (60) days prior to the annual expiration date, requesting that the AGREEMENT be modified or terminated. In the event of such notification, the parties hereto shall immediately confer and negotiate with reference to a new or modified AGREEMENT. Negotiations for a new contract shall commence not later than thirty (30) days from the date of the written notice herein mentioned.

Appears in 1 contract

Samples: Article Title (Simmons Co /Ga/)

Time is Money Join Law Insider Premium to draft better contracts faster.