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

COST-OF-LIVING BONUS. The employee shall be eligible for a cost of living wage adjustment on the following conditions: (a) The Statistics Canada - CPI increases no less than 8% per annum over any 12 consecutive months starting at the base date and ending no later than the expiry date of the Agreement, December 31, 2026. (b) The base date shall be the first of the month following ratification of the 2024-2026 Agreement. (c) The wage adjustment shall be $0.01 for each 0.4% increase over the base CPI. All fractions of $0.005 or more shall be rounded up. Example: CPI on base date 150 after 12 months 162 Base rate increase 12/150 X 100% = 8% Amount of wage increase 8%/0.4% = $0.20 (d) In the event that the 8% trigger has been reached the initial cost of living adjustment shall be made the first of the following month and quarterly thereafter. (e) It should be noted that the Consumer Price Index effective June 1 is the Index published by Statistics Canada on or about July 15th and so on in that manner.

COST-OF-LIVING BONUS. The employee shall be eligible for a cost of living wage adjustment on the following conditions: (a) The Statistics Canada - CPI increases no less than 8% per annum over any 12 consecutive months starting at the base date and ending no later than the expiry date of the Agreement, December 31, 20262023. (b) The base date shall be the first of the month following ratification of the 20242019-2026 2023 Agreement. (c) The wage adjustment shall be $0.01 for each 0.4% increase over the base CPI. All fractions of $0.005 or more shall be rounded up. Example: CPI on base date 150 after 12 months 162 Base rate increase 12/150 X 100% = 8% Amount of wage increase 8%/0.4% = $0.20 (d) In the event that the 8% trigger has been reached the initial cost of living adjustment shall be made the first of the following month and quarterly thereafter. (e) It should be noted that the Consumer Price Index effective June 1 is the Index published by Statistics Canada on or about July 15th and so on in that manner.

COST-OF-LIVING BONUS. The employee shall be eligible for a cost of living wage adjustment on the following conditions: (a) The Statistics Canada - CPI increases no less than eight percent (8% %) per annum over any 12 twelve (12) consecutive months starting at the base date and ending no later than the expiry date of the Agreement, December 31, 20262018. (b) The base date shall be the first of the month following ratification of the 2024-2026 2015 – 2018 Agreement. (c) The wage adjustment shall be $0.01 for each 0.4% increase over the base CPI. All fractions of $0.005 or more shall be rounded up. Example: CPI on base date 150 after 12 months 162 Base rate increase 12/150 X 100% = 8% Amount of wage increase 8%/0.4% = $0.20 (d) In the event that the eight percent (8% %) trigger has been reached the initial cost of living adjustment shall be made the first of the following month and quarterly thereafter. (e) It should be noted that the Consumer Price Index effective June 1 is the Index published by Statistics Canada on or about July 15th and so on in that manner.

COST-OF-LIVING BONUS. The employee shall be eligible for a cost of living wage adjustment on the following conditions: (a) The Statistics Canada - CPI increases no less than 8% per annum over any 12 consecutive months starting at the base date and ending no later than the expiry date of the Agreement, December 31, 20262018. (b) The base date shall be the first of the month following ratification of the 20242015-2026 2018 Agreement. (c) The wage adjustment shall be $0.01 for each 0.4% increase over the base CPI. All fractions of $0.005 or more shall be rounded up. Example: CPI on base date 150 after 12 months 162 Base rate increase 12/150 X 100% = 8% Amount of wage increase 8%/0.4% = $0.20 (d) In the event that the 8% trigger has been reached the initial cost of living adjustment shall be made the first of the following month and quarterly thereafter. (e) It should be noted that the Consumer Price Index effective June 1 is the Index published by Statistics Canada on or about July 15th and so on in that manner.