Common use of TERM OF MEMORANDUM Clause in Contracts

TERM OF MEMORANDUM. SECTION 1 This agreement shall be effective July 1, 2010, and remain in full force and effect until the 30th day of June, 2015. SECTION 2 This Memorandum of Understanding will automatically be reopened for negotiations at least sixty (60) days prior the expiration date of this Memorandum of Understanding. SECTION 3 During such negotiations, this Memorandum of Understanding shall remain in full force and effect except that during such negotiations subsequent to the expiration date of this Memorandum of Understanding either party on ten (10) days notice to the other may terminate this Memorandum of Understanding.

TERM OF MEMORANDUM. SECTION 1 This agreement shall be effective July 1, 20102020, and remain in full force and effect until the 30th day of June, 20152023. SECTION 2 This Memorandum of Understanding will automatically be reopened for negotiations at least sixty (60) days prior the expiration date of this Memorandum of Understanding. SECTION 3 During such negotiations, this Memorandum of Understanding shall remain in full force and effect except that during such negotiations subsequent to the expiration date of this Memorandum of Understanding either party on ten (10) days notice to the other may terminate this Memorandum of Understanding.