ARTICLE 29
Duration and Terms of Agreement
SECTION 1. This Agreement shall be in full force and effect for a period of three (3) years from its effective date. It shall be renewed from year to year thereafter unless written notice of a desire to terminate, renegotiate or amend the Agreement or any part thereof is served by either party upon the other between the 60th day and 105th day prior to the expiration date.
SECTION 2. A Memorandum of Understanding shall be executed by the parties that will specify the ground rules to be used in the renegotiation of this Agreement.
SECTION 3. This Agreement will remain in effect for 90 calendar days from the start of formal renegotiation or amendment of said Agreement, exclusive of any time necessary for FMCS or FSIP proceedings. If at the end of the 90-calendar day period an agreement has not been reached and the services of neither FMCS nor FSIP have been invoked, either party may, upon written notification to the other, terminate any or all sections of the Agreement.
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