Common use of Effective Date of Adjustments Clause in Contracts

Effective Date of Adjustments. When changes to W or W and P and/or H&W in the agreement being used for reference purposes occur on the same date, the percentage adjustment of all such changes shall be calculated to determine the percentage adjustment by which wage rates in the Appendix are to be adjusted and the foregoing shall be the effective date of the resultant wage rates. When changes to P and/or H&W are not effective on the effective date of any changes to W in the agreement being used for reference purposes, such changes shall be deemed to be effective on the date of a change to W next occurring, and the procedures set out above shall be followed. When: a) there are no changes to W but there are changes to P and/or H&W, or b) there are changes to P and/or H&W but no subsequent changes to W during the term of the agreement being used for reference purposes, the calculated percentage adjustment shall be effective on the effective date of such changes in the agreement being used for reference purposes.