LETTER OF UNDERSTANDING
SURPLUS VACATION DAYS EXTENSION
Employees with days remaining in their Surplus Vacation Account as of the date of ratification must use a minimum of 50% of their outstanding Surplus Vacation Days by December 31, 2022 and all remaining Surplus Vacation Days by December 31, 2023 (to be scheduled in accordance with Article 22 of the Collective Agreement). As of December 31, 2023, any outstanding Surplus Vacation Days will be forfeited.
This Letter of Understanding shall terminate on January 1, 2024 and have no further effect.
TEAM is an affiliate of the International Federation of Professional and Technical Engineers (IFPTE), AFL-CIO & CLC. Established on July 1, 1918, the IFPTE is a diverse labour union advocating on behalf of more than 80,000 women and men in professional, technical, administrative and associated occupations in Canada and the United States.