§ 548.401. Agreement or understanding.
149 words·~1 min read·
/us/cfr/t29/s§ 548.401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the agreement or understanding establishing the basic rate is in writing, whether incorporated in a collective bargaining agreement or not, a copy of the agreement or understanding should be attached to the application. If it is not in writing, however, the application to the Administrator for approval of a basic rate should contain a written statement describing the substance of the agreement or understanding, including the proposed effective date and term of the agreement or understanding.
The term of the agreement or understanding may be of definite duration, or may run indefinitely until modified or changed. If an agreement or understanding is modified, a new application for authorization should be made. 19 19 See § 548.200 for a further explanation of the requirements as to the agreement or understanding establishing the basic rate. \[20 FR 5683, Aug. 6, 1955, as amended at 21 FR 338, Jan. 18, 1956\]