(a) A conciliation proceeding may be terminated as to each party by:
(1) a written declaration of each conciliator, after consultation with the parties, that further efforts at conciliation are not justified, on the date of the declaration;
(2) a written declaration of each party addressed to each conciliator that the conciliation is terminated, on the date of the declaration; or
(3) the signing of a settlement agreement by each party, on the date of the agreement.
(b) The conciliation proceedings may be terminated as to particular parties by:
(1) a written declaration of a party to each other party and each conciliator, if appointed, that the conciliation is terminated as to that party, on the date of the declaration; or
(2) the signing of a settlement agreement by some of the parties, on the date of the agreement.