A cooling-off period is an interval designated by regulation or agreement, during which specific actions, such as the launching of securities to the public or striking by a union, are prohibited to provide time for due consideration and resolution.
A labor agreement, also known as a labor contract or collective bargaining agreement, is an officially negotiated deal between management and labor unions detailing the terms of employment, working conditions, wages, benefits, and other employment-related matters.
A requirement for union members to keep their membership for the duration of a labor agreement. Workers are not required to join unions under this arrangement.
A Union Contract, also known as a Labor Agreement, outlines the terms of employment between a company and its unionized workforce. These contracts typically include provisions related to wages, working hours, benefits, and other conditions of employment.
A labor agreement providing that existing employees may continue as union or nonunion members, but new employees must join the union.
