The agreements, which the Secondary School Teachers' Association described as a "phenomenal achievement," will be detailed in due course, it said.
The Education Ministry and Teachers Association agreed on a NIS 2,000 raise for teachers but still need to agree on other issues.
This decision, according to the union, came after the finance and education ministries did not meet their requirements after a year of "fruitless negotiations."
Government meets today to approve national budget for 2023-2024
The chairman of the teachers' organization announced on Friday that on Sunday there will be a one-day warning strike in Israeli high schools.