Our Contract

1. All employees currently employed in the attached marketplace wage adjusted classifications (whose names appear in the attached Exhibit B) shall retain the difference between the 1987 - 1990 contract book rate for their position and the new marketplace wage adjusted rates for that position and have it converted to "differential merit pay." No differential merit pay shall be lost or reduced while the employee remains in the marketplace wage adjusted classification as listed in Exhibit B or transfers into any other marketplace wage adjusted classification. Differential merit pay will not be carried when an employee moves into a job classification not included among the marketplace wage adjusted classifications.

2. All named employees who are not at the top step for their respective job classifications shall, on their anniversary date, receive additional differential merit pay which shall be the difference between the 1987 -1990 contract book rate for their next step and the next step rate under the adjusted contract rate for that classification.

3. Those monies retained as differential merit pay shall be increased by the same percentage equivalent as the yearly general increases that are negotiated in the future and that are applied to the top scale for each job classification in the future, starting with the general increase that will be effective January 1, 1993.

4. An employee who transfers out of a marketplace wage adjusted classification (as per the attached list) into a non-marketplace wage adjusted classification shall be paid in his/her new classification at the pay level next higher than his/her current rate of pay, including differential merit pay, and shall advance from there.

5. All part-time employees currently employed in the attached marketplace wage adjusted classifications (whose names appear in the attached Exhibit C) will be grandfathered at their current hourly rate of pay. Such part-time employees shall have that rate increased
   by the amount of all negotiated future contractual pay increases so long as they remain in that specific marketplace wage adjusted classification. Any such part-time employee who becomes full time will be paid at the marketplace wage adjusted rate for that classification but will receive all contractual benefits to which full-time employees are otherwise entitled.

6. Merit differential pay shall be included in calculating all contributions to and benefits payable under pension, life insurance and disability insurance programs.

February 2, 2001