MARKET RECOVERY PROGRAM Clause Samples

The Market Recovery Program clause establishes a framework for supporting the recovery of a product or service in the event of a significant market downturn or disruption. Typically, this clause outlines specific actions, such as marketing initiatives, price adjustments, or promotional campaigns, that the parties will undertake to restore sales or market share. Its core practical function is to provide a structured response to adverse market conditions, helping both parties mitigate losses and stabilize their business relationship during challenging periods.
MARKET RECOVERY PROGRAM. The Employer agrees to deduct from the wages of all journeyman and apprentice employees within the scope of this Agreement hourly contributions to the Union’s Market Recovery Program, said amount or sum to be determined by the Local Union Executive Board. EFFECTIVE APRIL 1, 2017 $ 1.00 PER HOUR Such payments will be payable at the same place and in the same manner as called for in ARTICLE
MARKET RECOVERY PROGRAM. The parties recognize the desirability of maintaining stable industrial relations in the pile driving industry through the maintenance of fair and reasonable working conditions and job security for employees who are members of the Union.
MARKET RECOVERY PROGRAM. 22:01 The parties agree that increasing market share in the unionized sector of the Saskatchewan construction industry and enhancing the competitiveness of unionized contractors and their Employees in securing work are important objectives.
MARKET RECOVERY PROGRAM. The parties to this Agreement recognized the need for a Market Recovery Program and the necessity of assuring the competitive position of the parties within the industry. Consistent with that recognition, the parties will continually monitor the effectiveness of this Agreement, relative to the specific geographic or market areas and will endeavor, by mutual agreement; to initiate such supplements to the Agreement as may be necessary to assure the work opportunities and the competitive position of the Individual Employer and Local 16. Supplements to this Agreement will not be utilized where there are President Agreements or Project Agreements which cover the work being bid.
MARKET RECOVERY PROGRAM. To increase the competitive position of Union contractors, at any time during this Agreement, if the bargaining parties concur in writing, a total market recovery program may be implemented. If a recovery program is established, Article IV titled “Equal Treatment” shall apply.
MARKET RECOVERY PROGRAM. Where, on a particular project or within a geographic area of a Local Union’s jurisdiction, work covered by the Principal Agreement is not currently being done or is not likely to be done by electrical contractors under the Principal Agreement, or where any provi- sion of the Principal Agreement works a hardship, the Local Union and the Local ECA may reach a Memo- randum of Local Amendment, in writing, to amend any provision of the Principal Agreement for a partic- ular project or geographic area. Copies of all Memo- randum of Local Amendment shall be submitted to the ETJB on a quarterly basis.
MARKET RECOVERY PROGRAM. Notwithstanding any other provisions of the April 1, 2011 - March 31, 2014 Agreement, the following shall apply: SECTION 1. For work bid prior to April 1, 2011 the market recovery provisions of the 2008 - 2011 Agreement shall apply. For all work bid on or after April 1, 2011, the terms SECTION 2. On all work bid under the market recovery provisions of the present or any prior Agreement between the parties, the Employer may use its sole discretion with respect to hours and working conditions, on any such jobs, the minimum hourly wage rates that were in effect on the date the bids were due or negotiated, whichever was earlier, shall remain in effect until the completion of that job, irrespective of the termination of the collective bargaining agreement in effect at the time the work was bid or negotiated, or of any subsequent agreement, except that any increase in fringe benefit contribution rates shall be payable on the effective date of said increase. SECTION 3. On all work bid on and after April 1, 2011, the following shall apply: (1) On projects covered by state or federal prevailing wage laws, the wage rates set forth in the wage determination in the construction contract shall continue to apply until the scheduled completion date of that job, (or the effective date of increased rates implemented by the governing agency) irrespective of the termination of this Agreement, except that any increase in fringe benefit fund contribution rates negotiated in this Agreement shall be payable on the effective date of the increase. (2) On projects not covered by state or federal prevailing wage laws, the minimum hourly wage rates in effect on the date the bids are due or negotiated, whichever is earlier, shall remain in effect until the scheduled completion date of that job, irrespective of the termination of this Agreement, except that any increase in fringe benefit fund contribution rates negotiated in this Agreement shall be payable on the effective date of the increase. (3) Overtime shall be paid after 10 hours in a day, 40 hours in a week. SECTION 4. While performing in jobs described in Section 1, if any of the work covered in the trade jurisdiction of this Agreement is performed by employees not covered by this Agreement, the Union may immediately have that piece of equipment manned by an employee covered by this Agreement. In the event the Employer refuses to man the equipment as demanded by the Union, the Employer shall be liable for work opportunity loss ...
MARKET RECOVERY PROGRAM. The parties recognize the desirability of maintaining stable industrial relations in the diving industry through the maintenance of fair and reasonable working conditions and job security for employees who are members of the Union.
MARKET RECOVERY PROGRAM. 1. On individual projects or projects of a similar nature, the Business Manager of the Union and the Employer upon mutual agreement may alter the wages and conditions of this Agreement in an effort to be competitive and provide additional work. Article XVII, “Equal Treatment,'' shall not apply to market recovery wage rates or working conditions granted to an Employer. 2. The Market Recovery changes shall be reduced to writing and signed by both parties. The Union shall provide a copy of all Market Recovery Agreements to the AGC of Michigan immediately upon their execution.
MARKET RECOVERY PROGRAM. It is recognized by the parties that in certain areas of the state, the Union construction market has been threatened by non-union competition. Where the mutual interests of the Union and the Contractor are served by cooperating to enable Association Contractor members to compete more effectively, it is agreed that, the Union and Contractor will meet to negotiate a market recovery rate and/or terms and conditions on a job by job or on an area basis.