Common use of New Classes Clause in Contracts

New Classes. 20.01 In the event that the Company creates a new class which falls within the scope of this Agreement, the rate of wages shall be negotiated by the Company with the Union before advertising any job within this class in accordance with the posting procedures set forth in this Agreement. 20.02 If a satisfactory conclusion to negotiations has not been reached within seven (7) calendar days of the date of the notice by the Company to the Union of the creation of the said class, the posting of any vacancy in this class shall be made according to the rates of wages set out by the Company but, notwithstanding such posting, the rates of wages of the new class shall still be a matter of negotiation between the Company and the Union, and the notice of posting shall contain the following statement: "The final settlement for rates of wages is being negotiated. Any increase to the rates of wages shall be retroactive to the date of the appointment."