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ARTICLE 3: DURATION OF AGREEMENT
3.1 Term.
(a) This Agreement is effective retroactive to September 16, 2004 (the “Effective Date”), and shall remain in full force and effect until midnight New York time on September 15, 2011, and shall remain in effect from year to year thereafter unless and until either party shall deliver to the other a written notice of termination of this Agreement at least 120 days prior to September 15, 2011 or not less than a like period in any year thereafter.
(b) Notwithstanding anything to the contrary set forth in subparagraph 3.1(a), the NHLPA shall have the right: (i) to terminate this Agreement as of September 15, 2009 by delivery of written notice of termination to the NHL at least 120 days prior to September 15, 2009; or (ii) to extend this Agreement for one additional year to September 15, 2012 by delivery of written notice to the NHL of such election to extend at least 120 days prior to September 15, 2011.
3.2 Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the NHL, the Clubs, the NHLPA and all Players, and their respective successors or assigns. |
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