A carrier, at its
discretion, may offer employees alternative compensation
arrangements in lieu of the general wage increases provided in
Article I (in whole or part). Such arrangements may include, for
example, stock options, stock grants (including restricted stock),
bonus programs based on carrier performance, and 401(k) plans.
(a) The following conditions
shall govern implementation of alternative compensation arrangements
pursuant to this Article:
(1) Carrier shall notify
the appropriate organization representative(s) regarding its
proposed alternative compensation arrangement(s). The parties
shall meet promptly on such proposal and use their best efforts to
reach agreement on implementation;
(2) The proposed
arrangement(s) may be implemented only by mutual agreement of the
carrier and the appropriate organization representative(s);
(3) The proposed
arrangement(s) must be made available to the smallest employee
grouping that can be reasonably administered.
(b) Nothing herein shall be
construed to bar the parties from reaching mutual agreement on
different terms or conditions pertaining to implementation of this
Article.