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EXHIBIT 10.42
AGREEMENT
TO
EXTEND THE TERM OF THE 1996 COLLECTIVE BARGAINING AGREEMENT
The undersigned agree this 3RD day of DECEMBER, 1999 to extend the term of their
collective bargaining agreement, that is effective from APRIL 1, 1996 until May
2, 2000, for an additional period of four years, until 12:01 a.m., May 2, 2004.
Except only for the following changes, all provisions of the collective
bargaining agreement, including the four memorandums ratified by the Union
membership since April 1, 1996, will continue in effect until 12:01 a.m., May 2,
2004:
1. The second sentence of Article XX, Section 1 of the collective
bargaining agreement is revised to read:
"It shall continue in effect until 12:01 a.m., May 2, 2004 and
shall be renewed thereafter from year to year unless written
notice is given by either party sixty (60) days prior to the
expiration date that it is desired to terminate or amend the
Contract."
2. Appendix D is revised to add the attached tables of base hourly rates to
become effective on May 2, 2000, May 2, 2001, May 2, 2002 and May 2,
2003 that provide for annual base hourly wage adjustments and annual
lump sum payments, as follows:
Wage rates effective May 2, 2000
2% General Wage Increase to the May 2, 1999 base hourly
wage rates, plus a lump sum wage payment of 2% of each
bargaining unit employee's base rate shall be paid to
active hourly employees on the payroll as of May 2, 2000.
Wage rates effective May 2, 2001
2% General Wage Increase to the May 2, 2000 base hourly
wage rates, plus a lump sum wage payment of 2% of each
bargaining unit employee's base rate shall be paid to
active hourly employees on the payroll as of May 2, 2001.
*
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Wage rates effective May 2, 2002
2% General Wage Increase to the May 2, 2001 base hourly
wage rates, plus a lump sum wage payment of 2% of each
bargaining unit employee's base rate shall be paid to
active hourly employees on the payroll as of May 2, 2002.
Wage rates effective May 2, 2003
2% General Wage Increase to the May 2, 2002 base hourly
wage rates, plus a lump sum wage payment of 2% of each
bargaining unit employee's base rate shall be paid to
active hourly employees on the payroll as of May 2, 2003.
*
Lump sum payments will be based on annualized percent increases
on each base classification rate on dates of adjustment.
3. Appendix E, COLA, Section 2, is revised as attached only to extend the
table of quarterly COLA adjustment dates from 8/7/00 through 5/2/04.
During the extended term of the collective bargaining agreement, COLA
will continue to be paid as a separate rate per hour for each hour an
employee receives pay from the Company and will be paid weekly.
4. The term "Paper, Allied-Industrial, Chemical and Energy Workers
International Union, AFL-CIO" is substituted for the terms "Oil,
Chemical and Atomic Workers International Union," or "International
Union, wherever those terms presently appear in the collective
bargaining agreement or addendum thereto.
5. The term "Paper, Allied-industrial, Chemical and Energy Workers
International Union, AFL-CIO, and its Affiliated Local No. 5-689" is
substituted for the term "Oil, Chemical and Atomic Workers International
Union, and its Affiliated Local No. 3-689" wherever that term presently
appears in the collective bargaining agreement or addendum thereto.
6. The term "PACE" is substituted for the term "OCAW" wherever that term
presently appears in the collective bargaining agreement or addendum
thereto.
7. The term "United States Enrichment Corporation, Portsmouth Gaseous
Diffusion Plant ('USEC')" is substituted for the terms "Lockheed Martin
Utility Services, Inc., Portsmouth Gaseous Diffusion Plant", "Lockheed
Martin Utility Services, Inc." or "LMUS", wherever those terms presently
appear in the collective bargaining agreement or addendum thereto.
8. The term "outlined in Section 6(d)", a typographical error contained in
Article VIll, Section 6(d) of the collective bargaining agreement, is
revised to read "outlined in Section 6(e)".
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9. Shift work schedules for calendar years 2001, 2002, 2003 and 2004 will
be jointly prepared and published to the membership prior to May 2,
2000.
AGREED:
For Paper, Allied -Industrial, Chemical and Energy Workers International
Union, AFL-CIO
By: /s/Peter A. Brown
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For Paper, Allied-industrial, Chemical and Energy Workers International Union,
AFL-CIO and its Affiliated local 5-689
By: s/s/Dan Minter s/s/Martin J. Ross
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s/s/Mike Neal
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s/s/L.J. Smith
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s/s/William R. Dimit
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For United States Enrichment Corporation, Portsmouth Gaseous Diffusion Plant
By: s/s/W.E. Thompson
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s/s/J.R. Uhlinger
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s/s/Gary M. Hairston
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