Common use of COST-OF-LIVING BONUS Clause in Contracts

COST-OF-LIVING BONUS. a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent during each year that this contract is in effect. For each 0.4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent figure, wages will be increased by $0.01. b) There will be two C.O.L.A. adjustment dates being the first full calendar week following the C.P.I. issued on or about June 1, 2017 and May 31, 2020. c) C.O.L.A. adjustments shall be considered "add-on" on all hours worked only and shall not be deemed part of the employee's standard hourly wage rate for the purpose of calculation of overtime, pension contribution, nor any other benefits provided for in the Agreement.

COST-OF-LIVING BONUS. a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent during each year that this contract is in effect. For each 0.4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent figure, wages will be increased by $0.01. b) There will be two C.O.L.A. adjustment dates being the first full calendar week following the C.P.I. issued on or about June 1, 2017 2015 and May 31June 1, 20202016. c) C.O.L.A. adjustments shall be considered "add-on" on all hours worked only and shall not be deemed part of the employee's standard hourly wage rate for the purpose of calculation of overtime, pension contribution, nor any other benefits provided for in the Agreement.

COST-OF-LIVING BONUS. (a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent % during each year that this contract is in effect. For each 0.4 .4 increase in the Consumer Price Index for Canada (1992=1001992 =100) beyond the six (6) percent % figure, wages will be increased by $0.01. (b) There will be two one C.O.L.A. adjustment dates date, being the first full calendar week following the C.P.I. issued on or about June 1, 2017 and May 31, 20202009. (c) C.O.L.A. adjustments shall be considered "as an “add-on" ” on all hours worked only and shall not be deemed part of the employee's ’s standard hourly wage rate for the purpose of calculation of overtime, pension contribution, nor any other benefits provided for in the this Agreement.

COST-OF-LIVING BONUS. a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent during each year that this contract is in effect. For each 0.4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent figure, wages will be increased by $0.01. b) There will be two C.O.L.A. adjustment dates being the first full calendar week following the C.P.I. issued on or about June 1, 2017 2023 and May 31, 20202026. c) C.O.L.A. adjustments shall be considered "add-on" on all hours worked only and shall not be deemed part of the employeeEmployee's standard hourly wage rate for the purpose of calculation of overtime, pension contribution, nor any other benefits provided for in the Agreement.

COST-OF-LIVING BONUS. (a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent % during each year that this contract is in effect. For each 0.4 .4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent % figure, wages will be increased by $0.01. (b) There will be two C.O.L.A. one C.OL.A. adjustment dates date, being the first full calendar week following the C.P.I. issued on or about June 1, 2017 and May 31, 20202009. (c) C.O.L.A. adjustments shall be considered "as an “add-on" ” on all hours worked only and shall not be deemed part of the employee's ’s standard hourly wage rate for the purpose of calculation of overtime, pension contribution, nor any other benefits provided for in the this Agreement.