(a) Agreement. At any time prior to the final disposition of a proceeding, a judge may stipulate to any or all of the allegations or charges in exchange for an agreed upon sanction. The agreement shall set forth all material facts relating to the proceeding and the conduct of the judge and shall be signed by the judge and disciplinary counsel.

(b) Approval. The agreement shall be submitted for approval to the hearing panel or hearing officer, as appropriate. If the agreement is accepted, an order shall be entered approving the agreement, subject to review as appropriate under these rules. If the agreement is rejected, it shall be deemed withdrawn and cannot be used by or against the judge in any proceeding.

(c) Modification. If the hearing panel or hearing officer wishes to modify the agreement, the parties shall be notified in writing, which may be served via electronic mail, of the nature and substance of the proposed modifications. Within fifteen days or such reasonable time as the hearing panel or hearing officer orders, the parties may approve or reject the proposed modifications. If any party does not accept the proposed modifications, the agreement shall be withdrawn and cannot be used by or against the judge in any proceeding.