Section 1

The Employer recognizes the Union as the exclusive representative of the following employees:

All nonprofessional and professional employees employed by the U.S. Securities and Exchange Commission, but excluding all management officials, supervisors, and employees described in 5 U.S.C. 7112(b)(2), (3), (4), (6), and (7).

Section 2

The term "employee," when used in this Agreement, refers only to bargaining unit employees, unless otherwise stated.

Section 3

During the term of this Agreement, the Employer agrees that all new employees employed in the unit described in Section 1 above, will be automatically covered under the terms and conditions of this Agreement.

Section 4

Nothing in this article shall be construed as a waiver of any Employer or Union right.