Common use of Escalator Clause Clause in Contracts

Escalator Clause. Defendant represents there are approximately 75,000 workweeks worked by Settlement Class members during the Class Period. If the number of workweeks at Preliminary Approval has increased by 5% or more (i.e., if there are 78,751 or more workweeks at issue), then Defendant agrees to increase the Maximum Settlement Amount on a proportional basis (e.g., if the number of workweeks at issue is 20% greater than 78,751 workweeks, Defendant agrees to increase the Maximum Settlement Amount by 20%).

Escalator Clause. Defendant represents there are that as of June 30, 2022, Settlement Class Members will have worked approximately 75,000 14,950 workweeks. Defendant agrees that if during the Class Period the actual workweek count increases by more than 10% (i.e., if Class Members have worked 16,445 or more total workweeks), then Defendant shall increase the Maximum Settlement Amount by an amount that mirrors the increase in the overall workweeks worked by Settlement Class members Members during the Class Period. If the number of workweeks at Preliminary Approval has increased by 5% or more (i.e., if there are 78,751 or more workweeks at issue), then Defendant agrees to increase the Maximum Settlement Amount on a proportional basis Period (e.g., if the number of workweeks at issue is 20worked by Settlement Class Members increases by 15% greater than 78,751 workweeksas of the end of the Class Period, Defendant agrees to must increase the Maximum Settlement Amount by 2015%).

Escalator Clause. Defendant represents that there are approximately 75,000 were an estimated 13,900 total workweeks worked by members of the Settlement Class members during the Class Periodperiod from September 1, 2016 until May 31, 2022. If the number of workweeks at Preliminary Approval has increased worked during this period exceeds this figure by 5% or more than fifteen percent (15%) (i.e., if there are 78,751 or more workweeks at issuethan 15,985 total workweeks), then Defendant agrees to shall increase the Maximum Settlement Amount on a proportional basis (e.g., if equal to the percentage increase in the number of workweeks at issue is 20above the 15% greater than 78,751 workweeksthreshold (i.e., if there was a 16% increase in the number of workweeks worked during the Class Period, Defendant agrees to shall increase the Maximum Settlement Amount by 201%).

Escalator Clause. Defendant represents that there are approximately 75,000 an estimated 21,636 total aggregate workweeks worked by the Settlement Class members during the Class Period. If the number of workweeks at Preliminary Approval has increased by 5workweeks, as reported to the Settlement Administrator, following the Effective Date is more than 10% or more greater than 21,636 (i.e., if there are 78,751 23,800 or more workweeks at issueworked during the Class Period), then Defendant agrees to shall increase the Maximum Settlement Amount on a proportional basis (e.g.i.e., if there was a 12% increase in the number of workweeks at issue is 20% greater than 78,751 workweeks, Defendant agrees to shall increase the Maximum Settlement Amount by 2012%).