Adjusted Wage Settlement Clause Samples
An Adjusted Wage Settlement clause defines the process for modifying employee wages in response to specific triggers, such as changes in cost of living, inflation rates, or collective bargaining outcomes. Typically, this clause outlines the criteria and timing for wage adjustments, specifying whether increases are automatic or subject to negotiation, and may reference external indices or benchmarks. Its core practical function is to ensure that employee compensation remains fair and competitive over time, addressing the problem of wage stagnation and helping both employers and employees adapt to economic fluctuations.
Adjusted Wage Settlement. All claims for back wages shall be limited to the amount of wages that the employee would otherwise have earned less any unemployment compensation and compensation for personal services that they may have received from any source during the period in question except outside income which was normally being earned prior to imposition of the challenged discipline.