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Common use of COLA Clause in Contracts

COLA. The Employee shall only be eligible for Cost of Living (COLA) increases that are specifically approved and funded by the Nevada State Legislature during the Term of the Agreement. No COLAs are currently approved and funded during the Term of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement, President Employment Agreement, President Employment Agreement

COLA. The Employee shall only be eligible for Cost of Living (COLA) increases that are specifically approved and funded by the Nevada State Legislature during the Term of the Agreement. No COLAs are currently approved and funded during the Term of this Agreement.

Appears in 1 contract

Samples: President Employment Agreement

COLA. The Employee shall only be eligible for Cost of Living (COLA) increases that are specifically approved and to the extent funded by the Nevada State Legislature during the Term of the Agreement. No Approved COLAs are currently approved and shall be reduced by any amount the COLA is not funded during by the Term of this Agreementlegislature.

Appears in 1 contract

Samples: President Employment Agreement