Cost of Living Increase. The Base Salary provided for in Section 3.1 hereof shall be adjusted annually to reflect the increase, if any, in the cost of living by adding to the Base Salary an amount obtained by multiplying the Base Salary by the percentage by which the level of the Consumer Price Index North Central Region (for all items for urban wage earners and clerical workers as reported for December 31 of each calendar period by the Bureau of Labor Statistics of the United States Department of Labor) has increased over its level as of January I of the same calendar year.
Appears in 7 contracts
Samples: Employment Agreement (Glasstech Inc), Employment Agreement (Glasstech Inc), Employment Agreement (Glasstech Inc)
