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FY 2025 Special Section 5333 ( b ) Warranty <br /> predecessor, Section 5 ( 2 ) ( f) of the Interstate Commerce Act, as amended ) . If the Recipient <br /> demonstrates, as a threshold matter in any such arbitration , that the intended action is a <br /> trackage rights , lease proceeding or similar transaction , and not a merger, acquisition , <br /> consolidation , or other similar transaction , the burden shall then shift to the involved labor <br /> organization ( s ) to prove that under the standards and criteria referenced above, the <br /> intended action should not be permitted to be instituted prior to the effective date of a <br /> negotiated or arbitrated implementing agreement . If the Recipient fails to demonstrate that <br /> the intended action is a trackage rights , lease proceeding, or similar transaction , it shall be <br /> the burden of the Recipient to prove that under the standards and criteria referenced above , <br /> the intended action should be permitted to be instituted prior to the effective date of a <br /> negotiated or arbitrated implementing agreement . For purposes of any such arbitration , the <br /> time period within which the parties are to respond to the list of potential arbitrators <br /> submitted by the American Arbitration Association Service shall be five ( 5 ) days , the notice <br /> of hearing may be given orally or by facsimile, the hearing will be held promptly, the award <br /> of the arbitrator shall be rendered promptly and , unless otherwise agreed to by the parties , <br /> no later than fourteen ( 14 ) days from the date of closing the hearings, with five ( 5 ) <br /> additional days for mailing if posthearing briefs are requested by either party . The intended <br /> change shall not be instituted during the pendency of any arbitration proceedings under this <br /> subparagraph ( c ) . <br /> ( 5 ) ( d ) If an intended change within the purview of this paragraph ( 5 ) is instituted before an <br /> implementing agreement is reached or a final arbitration decision is rendered pursuant to <br /> subparagraph ( b ) , all employees affected shall be kept financially whole, as if the noticed and <br /> implemented action has not taken place, from the time they are affected until the effective <br /> date of an implementing agreement or final arbitration decision . This protection shall be in <br /> addition to the protective period defined in paragraph ( 14 ) of this arrangement, which <br /> period shall begin on the effective date of the implementing agreement or final arbitration <br /> decision rendered pursuant to subparagraph ( b ) . <br /> An employee selecting, bidding on , or hired to fill any position established as a result of a <br /> noticed and implemented action prior to the consummation of an implementing agreement <br /> or final arbitration decision shall accumulate no benefits under this arrangement as a result <br /> thereof during that period prior to the consummation of an implementing agreement or <br /> final arbitration decision pursuant to subparagraph ( b ) . <br /> ( 6 ) ( a ) Whenever an employee , retained in service , recalled to service , or employed by the <br /> Recipient pursuant to paragraphs ( 5 ) , ( 7 ) ( e ) , or ( 18 ) hereof is placed in a worse position with <br /> respect to compensation as a result of the Project, the employee shall be considered a <br /> " displaced employee " , and shall be paid a monthly " displacement allowance " to be <br /> determined in accordance with this paragraph . Said displacement allowance shall be paid <br /> each displaced employee during the protective period so long as the employee is unable , in <br /> the exercise of his/ her seniority rights , to obtain a position producing compensation equal to <br /> or exceeding the compensation the employee received in the position from which the <br /> 4 <br /> NCDOT-EV D <br /> March 5 , 2024 <br />