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<blockquote data-quote="soberups" data-source="post: 632054" data-attributes="member: 14668"><p>Just a little something to ponder....</p><p> </p><p>ARTICLE 27. EMERGENCY REOPENING </p><p>In the event of war, declaration of emergency, imposition of mandatory</p><p>economic controls, <strong><u>the adoption of a National Health Program or any</u></strong></p><p><u><strong>Congressional or Federal Agency action which has a significantly adverse</strong></u></p><p><u><strong>effect on the financial structure of the Employer</strong></u>, during the life of this</p><p>Agreement, either party may reopen the same upon sixty (60) days� written</p><p>notice and request renegotiation of the provisions of this Agreement directly</p><p>affected by such action. There shall be no limitation of time for such written</p><p>notice. Upon the failure of the parties to agree in such negotiations, within</p><p>sixty (60) days thereafter, either party shall be permitted all lawful economic</p><p>recourse to support its request for revisions. If governmental approval of</p><p>revisions should become necessary, all parties will cooperate to the utmost to</p><p>attain such approval. The parties agree that the notice provided herein shall</p><p>be accepted by all parties as compliance with the notice requirements of</p><p>applicable law, so as to permit economic action at the expiration thereof.</p></blockquote><p></p>
[QUOTE="soberups, post: 632054, member: 14668"] Just a little something to ponder.... ARTICLE 27. EMERGENCY REOPENING In the event of war, declaration of emergency, imposition of mandatory economic controls, [B][U]the adoption of a National Health Program or any[/U][/B] [U][B]Congressional or Federal Agency action which has a significantly adverse[/B][/U] [U][B]effect on the financial structure of the Employer[/B][/U], during the life of this Agreement, either party may reopen the same upon sixty (60) days� written notice and request renegotiation of the provisions of this Agreement directly affected by such action. There shall be no limitation of time for such written notice. Upon the failure of the parties to agree in such negotiations, within sixty (60) days thereafter, either party shall be permitted all lawful economic recourse to support its request for revisions. If governmental approval of revisions should become necessary, all parties will cooperate to the utmost to attain such approval. The parties agree that the notice provided herein shall be accepted by all parties as compliance with the notice requirements of applicable law, so as to permit economic action at the expiration thereof. [/QUOTE]
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