(1) The conciliation proceedings may be terminated as to all parties by any of the following: (a) A written declaration of the conciliator or conciliators, after consultation with the parties, to the effect that further efforts at conciliation are no longer justified, on the date of the declaration. (b) A written declaration of the parties addressed to the conciliator or conciliators to the effect that the conciliation proceedings are terminated, on the date of the declaration. (c) The signing of a settlement agreement by all of the parties, on the date of the agreement. (2) The conciliation proceedings may be terminated as to particular parties by either of the following: (a) A written declaration of a party to the other party or parties and the conciliator or conciliators, if appointed, to the effect that the conciliation proceedings shall be terminated as to that particular party, on the date of the declaration. (b) The signing of a settlement agreement by some of the parties, on the date of the agreement.
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