Common use of COST OF LIVING ALLOWANCE (COLA) Clause in Contracts

COST OF LIVING ALLOWANCE (COLA). A. For the term of this Agreement, a cost-of-living-allowance (COLA) of twenty cents ($.20) per hour will be paid for each credited payroll hour paid. B. Payments will be made quarterly, by separate check, no later than thirty-five (35) days following the last day of the previous quarter of a year. C. Effective January 1, 2006, cost-of-living-allowance (COLA) will be eliminated and $.20 per hour will be added to and made a part of the maximum salary of all classifications.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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COST OF LIVING ALLOWANCE (COLA). A. For the term of this Agreement, a cost-of-living-allowance (COLA) of twenty cents ($.20) per hour will be paid for each credited payroll hour paid. B. Payments will be made quarterly, by separate check, no later than thirty-five (35) days following the last day of the previous quarter of a year. C. Effective January 1, 20062007, cost-of-living-allowance (COLA) will be eliminated and $.20 per hour will be added to and made a part of the maximum salary of all classifications.

Appears in 1 contract

Samples: Collective Bargaining Agreement

COST OF LIVING ALLOWANCE (COLA). A. For the term of this Agreement, a cost-of-living-allowance (COLA) of twenty cents ($.20) per hour will be paid for each credited payroll hour paid. B. Payments will be made quarterly, by separate check, no later than thirty-five (35) days following the last day of the previous quarter of a year. C. Effective for the quarter beginning January 1, 2006, cost-of-living-allowance (COLA) will be eliminated and $.20 per hour will be added to and made a part of the maximum salary of all classifications.

Appears in 1 contract

Samples: Employment Agreement

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COST OF LIVING ALLOWANCE (COLA). A. For the term of this Agreement, a A cost-of-living-allowance (COLA) of twenty cents ($.20) per hour will be paid for each credited payroll hour paid. B. Payments will be made quarterly, by separate check, no later than thirty-five (35) days following the last day of the previous quarter of a year. C. Effective January 1, 2006as soon as possible after ratification, cost-of-living-living allowance (COLA) will be eliminated and $.20 per hour will be added to and made a part of the maximum salary of all classifications.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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