Memorandum of Understanding This Memorandum of Understanding ("MOU") is entered into by and between the National Association Of Air Traffic Specialists ("NAATS" or "Union") and the Federal Aviation Administration ("FAA", "Management", or "Agency") (collectively the "Parties"). The purpose of this MOU is to define the circumstances under which the Union may exercise the right to re-open negotiations relative to the administration of Organizational Success Increases (OSI). Section 1. In the event the Agency agrees with any other union to guarantee the annual award of a 1% OSI as a part of the Core Compensation Plan, the Agency will notify NAATS of that event. Section 2. The union will have thirty (30) calendar days from the date of official notification to submit a request to reopen section 14.b.(1)(a) of the FAA/NAATS core compensation agreement, dealing with the discretionary aspects of granting an OSI. The parties will meet within a reasonable period of time to determine whether or not a guaranteed 1% OSI is appropriate for the NAATS bargaining unit. No other aspects of the OSI will be reopened for negotiation under this agreement. Section 3. The expiration date of this MOA will be concurrent with the expiration date of the 2002 Collective Bargaining Agreement.
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