Common use of Escalator Clause Clause in Contracts

Escalator Clause. The parties have agreed for the three year term of this collective agreement to include an escalator clause applicable in the last year of the contract. This provision will terminate as of March 31, 2009 and will not be automatically renewed in any subsequent collective agreement. This escalator clause is designed to generate a maximum of one wage increase on April 1, 2008 and none thereafter.

Escalator Clause. The parties have agreed for the three (3) year term of this collective agreement Collective Agreement to include an escalator clause applicable in the last year of the contract. This provision will terminate as of March 31, 2009 2016 and will not be automatically renewed in any subsequent collective agreement. This escalator clause is designed to generate a maximum of one wage increase increase: on April 1, 2008 and none thereafter2015.

Escalator Clause. The parties have agreed for the three four year term of this collective agreement Collective Agreement to include an escalator clause applicable in the last year two years of the contract. This provision will terminate as of March 31, 2009 2010 and will not be automatically renewed in any subsequent collective agreement. This escalator clause is designed to generate a maximum of two wage increases: one wage increase on April 1, 2008 and none thereafteranother on April 1, 2009.