Common use of Letter of Understanding re Wage Reopener Clause in Contracts

Letter of Understanding re Wage Reopener. The Parties hereby understand and agree that in the event that the Protecting a Sustainable Public Sector for Future Generations Act, 2019(“Bill 124”) is repealed, or successfully challenged through the courts such that it is of no force and effect and is not the subject of any ongoing appeal, during the term of the renewal collective agreement (i.e. at any point prior to August 31, 2023), the parties agree to re-negotiate the portions of those salary and compensation provisions of this collective agreement that were limited by Bill 124, but only to the extent permitted by law and having regard to the Employer’s financial position. This Letter of Understanding will expire on August 31, 2023. Schedule “C” to Memorandum of Settlement for A Renewal Collective Agreement Other Proposals

Letter of Understanding re Wage Reopener. The Parties hereby understand and agree that in the event that the Protecting a Sustainable Public Sector for Future Generations Act, 2019(“Bill 124”) is repealed, or successfully challenged through the courts such that it is of no force and effect and is not the subject of any ongoing appeal, during the term of the renewal collective agreement (i.e. at any point prior to August 31, 2023), the parties agree to re-negotiate the portions of those salary and compensation provisions of this collective agreement that were limited by Bill 124, but only to the extent permitted by law and having regard to the Employer’s financial position. This Letter of Understanding will expire on August 31, 2023. Schedule “C” to Memorandum of Settlement for A Renewal Collective Agreement Other ProposalsProposals 1. Articles 12.06 and 12.07

Letter of Understanding re Wage Reopener. The Parties hereby understand and agree that in the event that the Protecting a Sustainable Public Sector for Future Generations Act, 2019(“Bill 124”) is repealed, or successfully challenged through the courts such that it is of no force and effect and is not the subject of any ongoing appeal, during the term of the renewal collective agreement (i.e. at any point prior to August 31, 2023), the parties agree to re-negotiate the portions of those salary and compensation provisions of this collective agreement that were limited by Bill Xxxx 124, but only to the extent permitted by law and having regard to the Employer’s financial position. This Letter of Understanding will expire on August 31, 2023. Schedule “C” to Memorandum of Settlement for A Renewal Collective Agreement Other Proposals