MEMORANDUM OF UNDERSTANDING

- Between -

THE BOARD OF GOVERNORS ON BEHALF OF TRENT UNIVERSITY(hereinafter referred to as "the University")

- And -

THE TRENT UNIVERSITY FACULTY ASSOCIATION (hereinafter referred to as "the Association")

WHEREAS the Association and the University ("the parties") have agreed to a process to establish and maintain salary parity in a Memorandum of Settlement signed on December 20, 2002;

AND WHEREAS the Memorandum of Settlement signed on December 20, 2002, established the process for adjusting salaries for 2003-2004 to maintain parity;

AND WHEREAS the parties have reviewed the statistical analysis and agree on the results of the parity calculations;

THEREFORE, the parties now confirm that the salary adjustment for 2003-2004 shall be as follows:

1. The Disparity Correction percentage for 2002-2003 is 4.28% (see Table 1 attached).

    

2. The Parity Maintenance percentage for 2002-2003 is 3.34% (see Table 2 attached).

    

3. The salaries of all members of the bargaining unit shall be increased by 7.62%, effective 23:59 Hours on June 30, 2004; the increases shall be paid in July, 2003; and the salary scales in Schedule A of the Collective Agreement shall be amended accordingly.

    

Dated at the City of Peterborough this 2nd day of July, 2004.

TABLE 1

Trent/System Disparity on the Basis of 2001-2002 Data

[Note: 2001-2002 data were used for Windsor in the calculation of the System Mean Salaries because 2002-2003 data were not yet available.]

Table 2

System Average Adjustment 2002-2003

Schedule A of the 2002-2005 Collective Agreement.