LETTER OF UNDERSTANDING
Between:
Garden Valley School Division
(hereinafter referred to as the “Division”)
And
Garden Valley Teachers’ Association
(hereinafter referred to as the “Association”)
The purpose of this letter is to confirm the intent of the Agreement-In-Committee dated January 13, 2016 between the Division and the Association with respect to the agreement and administration of Article 4.06 Interest on Retroactive Pay.
IT IS HEREBY AGREED between the Division and the Association:
1. In the final Agreement-in-Committee, the Division will provide $6,000 to the Association to use as a GVTA student(s) scholarship fund. This is for this round of bargaining only, and is in lieu of payment of interest on retroactive pay to members of the Association set out in the current agreement
2. The Division will forward a cheque payable to the Garden Valley Teachers’ Association on or before September 30, 2016 in the amount of $3,000
3. The Division will forward a cheque payable to the Garden Valley Teachers’ Association on or before September 30, 2017 in the amount of $3,000
IN AGREEMENT WHEREOF WE HAVE EACH BELOW AFFIXED OUR SIGNATURES
THIS 12th DAY OF MAY, 2016.
FOR THE DIVISION FOR THE ASSOCIATION
_________________________ _________________________
Chair, Board of Trustees President
_________________________ _________________________
Secretary/Treasurer Collective Bargaining Chair