Common use of Designated Officers (Article 34, New Section) Clause in Contracts

Designated Officers (Article 34, New Section). TNFINC will maintain its right to select, subject to the approval of the Board, two persons to the YRC Worldwide Board of Directors, consistent with existing conditions. Termination of MOUs The following addendum shall be added to the NMFA: Addendum A to the 2019-2024 National Master Freight Agreement Termination of Prior MOUs Since 2008, the Employers and TNFINC have been signatory to a series of agreements designed and intended to provide the Employers with the opportunity to restructure, stabilize, and provide job security and work opportunities to Teamster members. The Employers recognize that the Teamster-represented bargaining unit has made tremendous sacrifices in this regard. The parties now desire to return to a more traditional collective bargaining relationship and format. To that end, the following agreements (collectively the MOUs) between the parties are terminated with respect to the Employers: • Extension of the Agreement for the Restructuring of the YRC Worldwide Inc. Operating Companies • Agreement for the Restructuring of the YRC Worldwide, Inc. Operating Companies • Amended and Restated Memorandum of Understanding on the Job Security Plan • Memorandum of Understanding on the Wage Reduction – Job Security Plan Likewise, the MOU Subcommittee is terminated. Practices in effect as of March 31, 2019 shall, however, remain with respect to the following items except as otherwise agreed: • Hostling across job classifications • Breaks, start times, and scheduling • Road driver performance of drops and hooks and drops and picks en-route • Pre-stringing of trailers Any and all grievances and interpretations arising out of the new collective bargaining agreement and applicable supplements, under the prior MOUs, or any other agreements between the parties concerning terms and conditions of employment shall be addressed under the traditional methods outlined in the collective bargaining agreement. Prior decisions and interpretations of the MOU Subcommittee shall, however, remain in effect. Economic conditions and other terms and conditions of employment shall be set forth in the new collective bargaining agreement. Future raises and other increases shall not be subject to the 15% reduction.