1. Not later than November 1 of the school year at the end of which this Agreement expires, the Corporation agrees to enter into negotiations with the Association over a Successor Agreement in accordance with the procedure set forth herein in a good faith effort to reach agreement concerning teachers' wages, fringe benefits, hours and other conditions of their employment. Any agreement so negotiated will apply to all teachers, and will be reduced to writing and signed by the Corporation and the Association.

2. During negotiation, the Corporation and the Association shall exchange relevant data, points of view, and make proposals and counterproposals. Either party may, if it so desires, utilize the services of consultants and may call upon professional representatives to assist in the negotiations.

3. During the duration of the Agreement, in the event that either party desires to reopen the Contract, or to make any proposal, the subject matter of which is not covered herein, the Association may submit such proposal by certified mail to the Corporation, or in the case of the Corporation, the Corporation may submit such proposal by certified mail to the Association. Upon receipt of such proposal, the party receiving the proposal shall arrange for a mutually satisfactory time and place for a meeting to negotiate over such proposal within fifteen (15) days after receipt of the proposal, unless the Corporation and the Association mutually agree to an extension of time for such meeting. During the initial and subsequent negotiation meetings the same procedure for negotiation shall be followed as stated in paragraph two of this Article.

4. Any agreement reached between the Corporation and the Association which acts to modify any clause of this contract or adds anything new to this contract shall be reduced to writing, shall be signed by the Corporation and the Association, and shall become an addendum to this Agreement. Unless mutually agreed to by both parties, it is understood that for negotiations of any successor agreements if an impasse arises at the bargaining table, neither side would have the option to submit that negotiation's impasse to an arbitrator for a final and binding decree.

5. Both parties recognize that it would be in the best interests of the students and school system that a good faith effort should be made to complete negotiations for the next school year on or before December 31 in order that budgets can be prepared and tuitions clearly established for prospective students.

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