Streamlining Grievance/Arbitration Procedures Clause Samples

Streamlining Grievance/Arbitration Procedures. TWA and the IAM hereby jointly recognize the mutual benefits of timely, expeditious and economical resolution of Flight Attendant and the IAM grievances arising under this Agreement. The parties therefore agree to continue discussions and, where agreed, to institute new and amended grievance and arbitration procedures, on either a trial or permanent basis, in order to facilitate these objectives. TWA agrees that when monetary compensation to Flight Attendant(s) is required by either voluntary settlement or System Board Award, it shall, within thirty (30) days of such settlement or Award, pay such required compensation to the affected Flight Attendant(s) and provide notice of such payment together with the computation to the IAM.