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
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19 See Sec. 548.200 for a further explanation of the
requirements as to the agreement or understanding establishing the basic
rate.
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[20 FR 5683, Aug. 6, 1955, as amended at 21 FR 338, Jan. 18, 1956]
