| COMPANY OPTIONS TO SETTLE NEGOTIATIONS August 27, 2002 OPTION 1: Last Company Proposal as presented OPTION 2: Four-year contract. Last Company proposal as to benefits extended for an additional year with wages of 2.5%, 2.5%, 3.0% and 3.0%, plus a one-time payment of specified dollars as of 1/1/04 (6 hr @ time & � = $200.00) OPTION 3: Four-year contract. Last Company proposal as to benefits extended for an additional year with wages of 2.5%, 2.5%, 3.0% and 3.0%, plus an equity adjustment of $.05/hour on 12/01/03 for Job Grades 5-9 at TCO and CNR and for all classifications at CKY other than Utility B, Utility A, and Street Service C. OPTION 4: Five-year contract. Last Company proposal as to benefits extended for an additional two years with wages of 2.5%, 2.5%, 3.0%, 3.0% and 2.5%. Plus: |
| FOR ALL COMPANIES: $.05 adjustment in 12/03 and 12/04 for Job Grades 5-9 at CNR and TCO and for all classifications at CKY other than Utility B, Utility A, and Street Service C. Lower entry level rates prospectively for Job Grades 1 through 4 at CNR and TCO and in the classifications of Utility B, Utility A, and Street Service C at CKY. $2.00 less than current rates. FOR CKY: Noonday meals paid by basic seniority units FOR TCO: Collapsing of job classifications FOR CNR: Longer progressions to 2 yrs (instead of 1 year) for UB to UA and UA to Roustabout OPTION 5: Five-year contract. Last Company proposal as to benefits extanded for an additional two years with wages of 2.5%, 2.5%, 3.0%, 3.0% and 2.5%. Plus equity adjustments of: $.05 in 2003 $.05 in 2004 $.05 in 2005 Separate contracts for the three companies (All options contingent upon a signed MOU) |