Common use of Escalation Clause Clause in Contracts

Escalation Clause. Defendant estimates that the Class consists of 83,341 workweeks, and this Settlement was reached based on approximately 83,341 workweeks. Should the number of workweeks increase by more than ten percent (10%) by December 31, 2021, this will increase the Gross Settlement Amount proportionally over the ten percent (10%) increase. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%). [SIGNATURES ON NEXT PAGE]

Escalation Clause. Defendant estimates that the Class consists of 83,341 workweeks, and this The Settlement was reached based on a total number of approximately 83,341 16,905 workweeks. Should If the number of workweeks increase as of the end date of the Class Period, December 31, 2022, exceeds this number by more than ten percent (10%) by December 31), 2021or exceeds 18,596 workweeks, this will Defendant shall increase the Gross Settlement Amount proportionally Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 18,596 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%). [SIGNATURES ON NEXT PAGE]

Escalation Clause. Defendant estimates that the Class consists of 83,341 workweeks, and this The Settlement was reached based on a total number of approximately 83,341 40,000 workweeks. Should If the number of workweeks increase as of the end date of the Class Period, November 23, 2022, exceeds this number by more than ten percent (10%) by December 31), 2021or exceeds 44,000 workweeks, this will Defendant shall increase the Gross Settlement Amount proportionally Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 44,000 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%). [SIGNATURES ON NEXT PAGE]

Escalation Clause. Defendant estimates that the Class consists of 83,341 workweeks, and this The Settlement was reached based on a total number of approximately 83,341 78,296 workweeks. Should If the number of workweeks increase as of the end date of the Class Period, April 29, 2022, exceeds this number by more than ten percent (10%) by December 31), 2021or exceeds 86,126 workweeks, this will Defendant shall increase the Gross Settlement Amount proportionally Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 86,126 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%). [SIGNATURES ON NEXT PAGE].