The BOARD and the UNION (the “Parties”) agree to create a Joint Labor Management Cooperation Committee (“LMCC”) pursuant to applicable state and federal law. The purpose of the LMCC is to research and make recommendations and decisions within its authority related to the achievement of significant and measurable savings in the cost of employee health care during the term of this Agreement. The Parties shall memorialize their intent to create this LMCC by executing an Agreement and Declaration of Trust (“Trust Agreement”) contemporaneously with the execution of this Agreement.
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