15. Termination of conciliation proceedings .- The conciliation proceedings are terminated: (a) By the signing of the settlement agreement by the parties, on the date of the agreement; or (b) By a written declaration of the conciliator, after consultation with the parties, to the effect that further efforts at conciliation are no longer justified, on the date of the declaration; or (c) By a written declaration of the parties addressed to the conciliator to the effect that the conciliation proceedings are terminated, on the date of the declaration; or (d) By a written declaration of a party to the other party and the conciliator if appointed, to the effect that the conciliation proceedings are terminated. on the date of the declaration.
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