ABT's dancers left the American Guild of Musical Artists, which represents many dancers, in 1994 and formed their own union.
Rachel Moore, ABT's executive director, said in a statement that the dancers' salaries had been increased, but that the company had exercised fiscal restraint. "The successful conclusion to this negotiation serves an auspicious beginning to an exciting year," she added.
Moore came to ABT in April of this year from the Center for Dance Education in Boston, where she was the director.
ABT's current season includes a national tour with performances in 10 cities around the country, and a Japanese tour next summer with performances in Tokyo, Osaka, and Shiga. The company's City Center season runs through November 7.