Common use of Cost of Living Adjustment (COLA) Clause in Contracts

Cost of Living Adjustment (COLA). Effective December 1, 2011, Compensation Plan salary rates shall be increased by one and one-half percent (1.5%) to be paid January 1, 2012. Effective December 1, 2012, Compensation Plan salary rates shall be increased by one and forty-five one-hundredths percent (1.45%) to be paid January 1, 2013.

Appears in 3 contracts

Samples: Letter of Agreement, Letter of Agreement, Letter of Agreement

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Cost of Living Adjustment (COLA). Effective December 1, 20112013, Compensation Plan salary rates shall be increased by one and one-half percent (1.5%) to be paid January 1, 20122014. Effective December 1, 20122014, Compensation Plan salary rates shall be increased by one and forty-five one-hundredths two percent (1.452%) to be paid January 1, 20132015.

Appears in 2 contracts

Samples: Letter of Agreement, Letter of Agreement

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