Has anyone heard of "evergreen" master plans? The term "evergreen", when used in the context of labor contracts, is a general principal that the contract provisions continue even after the expiration of the contract until a new contract is executed. Depending on which side of the negotiating table you're on, it may be in your best interest or not to let the contact expire and just live with the old one rather than take your chances with negotiating a new one which may be less favorable to your position. How would this apply to a master plan since there is no "expiration" of the plan and there generally are not adversarial interests involved?


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