Common use of MARKET RECOVERY PROGRAM Clause in Contracts

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. Where, on a particular project or within a geographic geo- graphic area of a Local Union’s jurisdiction, work covered cov- ered by the Principal Agreement is not currently being be- ing done or is not likely to be done by electrical contractors con- tractors under the Principal Agreement, or where any provi- sion provision of the Principal Agreement works a hardshiphard- ship, the Local Union and the Local ECA may reach a Memo- randum Memorandum of Local Amendment, in writing, to amend any provision of the Principal Agreement for a partic- ular particular project or geographic area. Copies of all Memo- randum Memorandum of Local Amendment shall be submitted submit- ▇▇▇ to the ETJB on a quarterly basis.