Renegotiation Period Clause Samples
The Renegotiation Period clause establishes a specific timeframe during which the parties to an agreement can revisit and modify the terms of their contract. Typically, this period is triggered by certain events, such as changes in law, market conditions, or performance issues, and allows both parties to propose adjustments to key provisions like pricing, deliverables, or timelines. Its core practical function is to provide a structured opportunity for adaptation, ensuring the contract remains fair and relevant in the face of changing circumstances.
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Renegotiation Period. (a) With the aim of avoiding protracted negotiations for a new agreement, the CPSU and the State of Victoria agree to a renegotiation period. The renegotiation period shall be from 1 July 2019 until 1 December 2019. The aim of the renegotiation period is to permit a new agreement to be reached in 2019.
(b) To meet this objective, the CPSU and the State of Victoria agree that:
(i) Each will provide any proposals for change to the agreement by 1 July 2019.
(ii) They will meet regularly to progress negotiations in good faith. In this connection, small working groups may be established to examine particular areas of disagreement.
(iii) The person/s responsible for negotiating will bring with them the necessary authority to finalise an agreement.
(iv) Where agreement is not reached by October 2019, the parties will discuss whether they should seek the assistance of a mutually agreed conciliator or the FWC. This does not prevent the parties seeking assistance, by agreement, on any individual issue which is creating an impasse.
(v) Should conciliation be sought, then the parties to the conciliation may agree to an extension to the negotiation period.
(c) During this period the CPSU and the State of Victoria will not act in a manner that is designed to frustrate good faith bargaining.
Renegotiation Period. Not more than one (1) year nor less than nine (9) months prior to each Renegotiation Date, Lessee shall deliver to County written notice (“Lessee’s Determination Notice”) setting forth Lessee’s determination of the Percentage Rent component of the Fair Market Rental Value of the Premises for each of the Percentage Rent categories set forth in clauses (a) through (s1) of Subsection 4.2.2 which constitute Permitted Uses at such time (with any remaining category percentages to be subsequently calculated, if necessary, in accordance with the grammatical paragraph immediately preceding Subsection 4.2.2.1 of this Lease), expressed in terms of a percentage for each such Percentage Rent category. In addition, in the case of the First Renegotiation Date, Lessee’s Determination Notice shall also include Lessee’s determination of the Annual Minimum Rent component of the Fair Market Rental Value of the Premises for the First Renegotiation Date. Lessee’s Determination Notice shall be accompanied by a list of comparable properties and/or complete copies of any appraisals which it has utilized in its determinations, together with such other information regarding such comparable properties or the Premises as Lessee deems relevant or as may be reasonably requested by County. Within one hundred twenty (120) days after receipt of Lessee’s Determination Notice, if County disagrees with Lessee’s determinations, County shall deliver to Lessee written notice of such disagreement, together with County’s determinations of any disputed components of the Fair Market Rental Value and a list of comparable properties and/or complete copies of any appraisals which it has utilized in its determinations, together with such other information regarding such comparable properties or the Premises as County deems relevant or as may be reasonably requested by Lessee, to the extent available to County. If County fails to deliver to Lessee notice of its disagreement within the aforementioned period and such failure continues for thirty (30) days after receipt of a subsequent written notice from Lessee, then Lessee’s determinations of Fair Market Rental Value set forth in Lessee’s Determination Notice shall be binding on County as of the Renegotiation Date (subject to the minimum Annual Minimum Rent (if applicable) and Percentage Rent provisions set forth in this Section 4.4); provided, however, that Lessee’s subsequent written notice to County shall conspicuously state in bold faced type that suc...
Renegotiation Period. With the aim of avoiding protracted negotiations for a new agreement, the CPSU and the State of Victoria agree to a renegotiation period. The renegotiation period shall be from 1 July 2019 until 1 December 2019. The aim of the renegotiation period is to permit a new agreement to be reached in 2019. To meet this objective, the CPSU and the State of Victoria agree that: Each will provide any proposals for change to the agreement by 1 July 2019. They will meet regularly to progress negotiations in good faith. In this connection, small working groups may be established to examine particular areas of disagreement. The person/s responsible for negotiating will bring with them the necessary authority to finalise an agreement. Where agreement is not reached by October 2019, the parties will discuss whether they should seek the assistance of a mutually agreed conciliator or the FWC. This does not prevent the parties seeking assistance, by agreement, on any individual issue which is creating an impasse. Should conciliation be sought, then the parties to the conciliation may agree to an extension to the negotiation period. During this period the CPSU and the State of Victoria will not act in a manner that is designed to frustrate good faith bargaining.
Renegotiation Period. Upon the expiration of each Renegotiation Period, the parties shall meet and discuss in good faith varying by mutual agreement the amount of the Monthly Fee.
Renegotiation Period. Section 2.5..........................9
Renegotiation Period. Renegotiation of the agreement will commence three (3) months prior to the nominal expiry date.
Renegotiation Period. 7.5(e) Resolved Indemnity Amount................................................................10.3
Renegotiation Period. Not more than one (1) year nor less than nine
Renegotiation Period. (a) With the aim of avoiding protracted negotiations for a new agreement, the parties to this Agreement agree to a renegotiation period. The renegotiation
(b) To meet this objective, the parties to this Agreement agree that:
(i) each will provide any proposals for change to the Agreement by 20 September 2023, and
(ii) they will meet regularly to progress negotiations in good faith. Small working groups may be established to examine particular areas of disagreement, and
(iii) the person/s responsible for negotiating will bring with them the necessary authority to finalise an agreement; and
(iv) if agreement is not reached by 20 December 2023, the Parties will discuss whether they should seek the assistance of a mutually agreed conciliator or the FWC. This does not prevent the parties seeking assistance, by agreement, on any individual issue which is creating an impasse; and
(v) should conciliation be sought, then the Parties to the conciliation may agree to an extension to the renegotiation period.
(c) During this period the parties to this Agreement will not act in a manner that is designed to frustrate good faith bargaining. Application of Agreement and Parties Covered
(a) the VBA in respect of all Employees (as defined in clause 2);
(b) all Employees whose employment is, at any time when this Agreement is in operation, subject to this Agreement; and
(c) the CPSU, provided that the FWC in its decision to approve this Agreement notes that the Agreement covers the CPSU.
Renegotiation Period a) With the aim of avoiding protracted negotiations for a new agreement, the Union and the Employer agree to a renegotiation period. The aim of the renegotiation period is to permit a new agreement to be reached prior to the nominal expiry date of this Agreement and will commence 1 February 2025.