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AGREEMENT between Canadian Colonial Airways, Inc., and the Air Line Pilots in the service of the Canadian Colonial Airways, Inc., as represented by Air Line Pilots Association, International, covering the establishment and maintenance of a System Board of Adjustment.

IT IS MUTUALLY AGREED THAT:

(a) 

1. The term "Company" as used herein shall be construed to mean Canadian Colonial Airways, Inc.

2. The term "Association" as used herein shall be construed to mean Air Line Pilots Association, International.

3. The term "Pilots Agreement" as used herein shall be construed to mean Agreement between Canadian Colonial Airways, Inc., and the Air Line Pilots in the service of Canadian Colonial Airways, Inc., as represented by Air Line Pilots Association, International, dated August 1, 1940, or any extension or renewal of that agreement. 

(b) In compliance with section 204, Title II, of the Railway Labor Act, as amended, there is hereby established a system board of adjustment for the purpose of adjusting and deciding disputes which may arise under the terms of the Pilots Agreement and which are properly submitted to it, which board shall be known as "Canadian Colonial Airways Pilots System Board of Adjustment," hereinafter referred to as the "Board".

(c) The Board shall consist of (4) members, two (2) of whom shall be selected and appointed by the Association and two (2) by the Company, and such appointees shall be known as "Adjustment Board Members."

(d) The four members shall serve for one year from the date of their appointment or until their successors have

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