The Fair Work Commission can then help some low-wage workers and their employers negotiate a multi-company agreement and make a decision in certain circumstances. Although bonuses cover the minimum wage and conditions of a sector, company agreements can cover specific agreements for a given company. A representative is a person or organization that can designate any party to the company agreement to represent it during the negotiation process. (3) An agreement in green grasslands shall be signed when it has been signed by each employer and any workers` organisation concerned for which the agreement is concluded (which is not necessary for all workers` organisations concerned by the agreement). An IFA may be terminated either by written consent between the employer and the employee, or by the employer or employee by written notice. Modern premiums require 13 weeks` notice, but this may be different in a company agreement (but no more than 28 days). The terms of a company agreement, transitional instruments (on procurement or agreements) and modern public procurement cannot exclude the NES and those that do have no effect. On the one hand, collective agreements benefit employers, at least in principle, as they allow for greater “flexibility” in areas such as normal working hours, fixed hours and performance conditions. On the other hand, collective agreements benefit workers, as they usually provide for wages, bonuses, additional leave and higher rights (e.g. B severance pay) than a bonus.