This agreement cancels and supersedes LA-20-08 which captured the agreement reached by the Company and IBEW with respect to the IBEW newly organized System Dispatcher unit. The updated changes (in the italicized text), to wage rates and hours of work will be effective at the beginning of a new pay period as soon as administratively possible following execution of this agreement on a prospective basis. Present incumbents will continue to receive 8 hours per week of straight time paid at the 1.5x rate of pay until the new wage rates are implemented. All other italicized changes will be effective immediately upon execution. The following details the agreement of the parties: