Key elements of the agreement included Sinn Féin`s full acceptance of the Police Service of Northern Ireland (PSNI), the re-establishment of the Northern Ireland Assembly and the commitment of the Democratic Unionist Party (DUP) to share power with Irish Republicans in the Northern Ireland executive. The government`s plan called for the decentralisation of police and justice powers within two years of the reinstatement of the Northern Ireland executive. The parties had until November 10, 2006 to respond to the draft agreement. The first and deputy prime ministers would be appointed on November 24, 2006. After the parliamentary elections of 7 March 2007, 26 March 2007 was set for a new executive. For employees, there are generally not many drawbacks when participating in an EBA. If a worker wants to be represented by the union, he or she is required to pay union fees that may amount to a significant amount of money over time. In addition, EBA approval requires a majority (not unanimous). If a worker does not agree with the union or with the majority vote, he has no choice but to be subject to the agreement. Negotiating an EBA offers the opportunity to tailor the agreement to the specific needs of the company. This process also ensures transparency and results in agreement between the parties on what to expect from each other.
There is also protection against trade union actions during the nominal life of the EBA. This licensing agreement is a legally binding contract and it is important that you read it carefully; Any change to the terms and conditions of this contract is permitted only with the prior written agreement of Student Accommodation Services. Northern Ireland Minister Peter Hain called the deal an “amazing breakthrough” on BBC Radio Five Live. Prime Minister Bertie Ahern said that if the deadlines set by both governments were not met, “the plan will be shaken and there will be a step towards Plan B without further discussion.” Ian Paisley, Chairman of the Democratic Unionist Party, said: “Unionists can have confidence in the progress of their interests and the victory of democracy.” He also said: “The implementation of the central issue of the police and the rule of law begins now.” Sinn Féin leader Gerry Adams said plans needed to be consulted, but the restoration of political institutions was a “huge price.” Ulster Unionist Party president Reg Empey called the agreement a “Belfast agreement for slow learners.” Mark Durkan, chairman of the Social Democratic and Labour Party, said welcome progress had been made in restoring power-sharing institutions. Alliance Party Chairman David Ford said the result was a “mix of challenges and opportunities.”  An enterprise compensation agreement (“EBA”) is an agreement approved by Fair Work Australia between an employer and its employees. The EBA is mandatory for contracting parties for the specified period (usually between two and four years). The joint statement of 13 October stated that the governments had “asked the parties, after hearing from their members, to confirm their agreement by 10 November”.