CONTRACT
        Effective June 1, 2008
 to May 31, 2011




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TABLE OF CONTENTS
 Section
    
    PagePurpose
    
    I
    
    
    3Recognition and Unit Covered
    
    II
    
    
    3Good Faith and Bargaining
    
    III
    
    
    4Coercion of Employees
    
    IV
    
    
    4Impartial Representation
    
    V
    
    
    4Grievances
    
    VI
    
    
    4-6Holidays
    
    VII
    
    
    6Hours
    
    VIII
    
    
    7Vacations
    
    IX
    
    
    8-9Wages
    
    X
    
    
    10-11Deduction of Union Dues
    
    XI
    
    
    11Government Regulations
    
    XII
    
    
    11Management
    
    XIII
    
    
    11-12Seniority
    
    XIV
    
    
    12-14New Employees
    
    XV
    
    
    14Employee Benefits
    
    XVI
    
    
    15-19Operations of Company
    
    XVII
    
    
    19Union Shop Provision
    
    XVIII
    
    
    19Bulletin Boards & Rent of Room
    
    XIX
    
    
    20Safety and Health
    
    XX
    
    
    20-21Amendments
    
    XXI
    
    
    21Duration
    
    XXII
    
    
    21Successors and Assigns
    
    XXIII
    
    
    21Addenda to Collective Bargaining Agreement
    
    
    22-23A. Overtime Procedure for Unscheduled Overtime/Rotating Shifts
    
    
    22B. Overtime Procedure for Scheduled Overtime Shifts
    
    
    23C. Paychecks/Adjustments
    
    
    23D. Withdraw of Proposals and Demands
    
    
    23Signatures
    
    
    24




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CONTRACT
  Purpose
  Recognition and Unit Covered
  (3)




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Good Faith and Bargaining
  Coercion of Employees
  Impartial Representation
  Grievances
   (4)




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Second
 Third
    (5)




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Holidays
    (6)




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Hours
     (7)




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Vacations
          (8)




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(9)




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Wages
  Effective Date
    
    AmountJune 1, 2008
    
    $
    .50June 1, 2009
    
    $
    .50June 1, 2010
    
    $
    .50
  SENIORITY PAY
    CALL-BACK PAY
   (10)




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LONGSHORE RATE
  Effective June 1, 2008
    
    $23.57/HR.Effective June 1, 2009
    
    $24.07/HR.Effective June 1, 2010
    
    $24.57/HR.
  Deduction of Union Dues
  Government Regulations
  Management
  (11)




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1.
    
    Instructing workers and2.
    
    Doing necessary work when production difficulties are encountered.3.
    
    In the event a violation of this provision is established in accordance with Section VI,
herein, such violation shall be remedied by the payment of a minimum of four (4) hours of pay
at time and one-half.
 Seniority
  LicoriceBoiler & Power PlantRepair & Maintenance
 (12)




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(13)




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New Employees
    (14)




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Employee Benefits
  MEDICAL INSURANCE
  (15)




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LIFE INSURANCE
  CHANGE OF INSURANCE CARRIER
  SICK BENEFITS
    (16)




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FEDERAL AND STATE LAWS
  DEATH IN FAMILY
  JURY DUTY
  CHRISTMAS GIFT
  SUPPER MONEY
  (17)




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RETIREMENT
       (18)




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NOTE:     The foregoing description of pension benefits is for general information only
and shall not be deemed to modify or enlarge in any way the provisions of the plan.
All rights regarding pensions are governed by the plan, to which reference is hereby
made.
 PENSIONERS FUNERAL EXPENSE BENEFIT
  Operations of Company
   Union Shop Provision
  (19)




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Bulletin Boards and Rent of Room
   Safety and Health
   (20)




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Amendments
  Duration
  Successors and Assigns
   (21)




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(22)




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1.
    
    Paychecks for the 2:00 P.M. to 10:00 P.M. shift will be distributed to these employees at the
end of the shift on Wednesday evening.2.
    
    Payroll Adjustments  Any errors in an employees check amounting to four (4) or more hours
of pay will be paid by the Company by no later than 2:00 P.M. on the Friday following the
issuing of paychecks provided the error is promptly brought to the attention of management.
    (23)




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MAFCO WORLDWIDE CORPORATION
 LICORICE AND PAPER EMPLOYEES ASSOCIATION
 LICORICE AND PAPER
    
    MAFCO WORLDWIDEEMPLOYEES ASSOCIATION
    
    CORPORATIONTHEO STANLEY, JR.
    
    STEPHEN G. TAUBROBERT J. BUTLER
    
    LEON J. GORGOLBRIAN WAER
    
    ROGER W. GRAHAMPAT FRANCO
 (24)