Common use of COST OF LIVING ALLOWANCE Clause in Contracts

COST OF LIVING ALLOWANCE. A Cost of Living Allowance in a lump sum payment will be paid to regular employees for all hours worked, including vacation and plant holidays [in each calendar year on the first pay period following publication of the December Consumer Price Index (1971=100)] on the basis of $.01 per hour for each full .3 change in the CPI in the year calculated by subtracting the CPI (1971=100) for the month of December from the CPI for the month of December of the previous year after adding 4.5% to that previous year’s December CPI index.

COST OF LIVING ALLOWANCE. 29.01 A Cost of Living Allowance in a lump sum payment will be paid to regular employees for all hours worked, including vacation and plant statutory holidays [in each calendar year on the first pay period following publication of the December Consumer consumer Price Index (1971=100)] ) on the basis of $.01 per hour for each full .3 change in the CPI in the year calculated by subtracting the CPI (1971=100) for the month of December from the CPI for the month of December of the previous year after adding thereto 4.5% to of that previous year’s December CPI index.]

COST OF LIVING ALLOWANCE. A Cost of Living Allowance in a lump sum payment will be paid to regular employees for all hours worked, including vacation and plant statutory holidays [in each calendar year on the first pay period following publication of the December Consumer consumer Price Index (1971=100)] ) on the basis of $.01 per hour for each full .3 change in the CPI in the year calculated by subtracting the CPI (1971=100) for the month of December from the CPI for the month of December of the previous year after adding thereto 4.5% to of that previous year’s December CPI index.]

COST OF LIVING ALLOWANCE. 30.01 A Cost of Living Allowance in a lump sum payment will be paid to regular employees for all hours worked, including vacation and plant statutory holidays [in each calendar year on the first pay period following publication of the December Consumer consumer Price Index (1971=100)] ) on the basis of $.01 per hour for each full .3 change in the CPI in the year calculated by subtracting the CPI (1971=100) for the month of December from the CPI for the month of December of the previous year after adding thereto 4.5% to of that previous year’s December CPI index.]