Consistent with the policy statements of the Minister of Finance with respect to the 2006 collective bargaining framework in the public sector, the parties acknowledge that there is one-time funding available for Collective Agreements negotiated and ratified before the expiry of the previous contract term (March 31, 2006). 2.

The parties acknowledge that to share in the one-time funding, the renewal Collective Agreement must be fully ratified by both parties.

The one-time payments shall be:

(a) Three thousand and seven hundred dollars ($3,700) per Full-Time Equivalent; and

(b) Five hundred dollars ($500) per Full-Time Equivalent as a bonus for recognition of past educational upgrading. 

These one-time amounts will be distributed as follows: 

(a) Full time Residents on the payroll as of March 31, 2006 and in a program during the 2005-2006 term of appointment.

(b) The payment will be prorated for part-time Residents and Residents on unpaid leaves. Shorter terms of appointment will also be pro-rated.

(c) The one-time payments are subject to normal statutory deductions.

(d) Residents on Maternity, Parental, and Adoption leave will receive the one-time payments based on their full-time equivalent as of the last day worked prior to the leave of absence.

In addition to the one-time payments available in 2006, the parties acknowledge that there is a one-time fiscal dividend available for Collective Agreements with a four (4) year term that extends through the 2009/2010 fiscal year. The fiscal dividend will be as set out in the attached Letter of Agreement.