(a) In the event of a lay-off, the Institute or its designate shall meet with the Executive of the Association not fewer than 75 calendar days prior to the date of any layoff, unless an alternate date is otherwise agreed to between the President or his/her designate and the President of the Association. The purpose of the meeting is to discuss the implications of the possible layoff and to provide a copy of the seniority list. Such list shall:
(i) Contain the names of all teachers with five (5) years or less teaching experience as defined by .04. If necessary the list may be extended to include the names of teachers with more than five (5) years experience.
(ii) Identify the designated seniority of the teacher on the basis of .05, .06 and .07 of this collective agreement.
(iii) Specify the applicable date for the purpose of Article .04.
(iv) Be posted in the staff room of the Institute by February 1st of each year and a copy sent to the Association. The Association and/or the teacher shall be permitted to protest any alleged omission or incorrect listing until March 15 of that year. In the event of an omission or incorrect listing being brought to the Institute's attention after March 15, the teacher so affected shall have the right to correct the list at the next posting.
(v) Be sent to any teacher on leave whose name appears on that list at his/her last reported address.
(b) Notwithstanding subsection (a), prior to the issuing of layoff notices, the Institute or its designate shall meet with the Executive of the Association with a list of teachers to be laid off.