Union Contract Local 2, OPEIU - WMATA.com

31, 2006, 2.0% effective July 1, 2007 and 1.0% effective December31, 2007.The TA and TS wage schedules contained in AppendicesB and C (effective July 1, 2004 and July 1, 2005) areincluded solely for purposes of determining wages payableas of July 1, 2006. Except as otherwise provided in thefourth paragraph of this Section (1) and in Article XIX, thewage schedules contained in Appendices B and C (and the2.3% adjustments as of July 1, 2004 and 2005) shall not betaken into account in computing the amount of any compensationor benefits payable for any period prior to July1, 2006.All wage adjustments shall be made effective with thebeginning of the pay period in which the adjustment falls.Each employee who is classified as an active employeeon the date that the Board of Directors approves the 2004-2008 contract in open session shall be entitled to receivea lump sum payment for FY 2005 and FY 2006. This lumpsum payment reflects the only compensation payable to anemployee for any period prior to July 1, 2006 and shall becalculated as follows:• a lump sum payment equal to 1.5% of the employee’sbase salary on July 1, 2004, as determined underAppendix B (i.e., after taking into account the 2.3%adjustment made to the TA and TS wage scheduleseffective July 1, 2004), plus• a lump sum payment equal to 1.5% of the employee’sbase salary on July 1, 2005, as determined underAppendix C (i.e., after taking into account the 2.3%adjustments made to the TA and TS wage scheduleseffective July 1, 2004 and July 1, 2005).30