Lahtinen, J.
In January 1995, petitioner's corporate predecessor, Insulating Materials, Inc. (hereinafter IMI), terminated the employment of David Stringham, a member of respondent labor union. The termination was withdrawn when IMI, Stringham and respondent executed a last chance agreement, which provided in relevant part: "Any future violations of IMI's Code of Conduct, regardless of the gravity of the offense, will result in immediate dismissal without any right...
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