Common use of Escalator Clause Clause in Contracts

Escalator Clause. (a) In addition to the basic wage rates contained in this Agreement, all employees covered by this Agreement shall be entitled to a cost-of-living allowance, as set forth in this Section. *12.02 The basic wage rates as contained in this Agreement shall not be reduced by application of this cost-of-living provision. The cost-of- living allowance shall be determined and re-determined in accordance with changes, if any, in the Consumer Price Index for Urban Wage Earners and Clerical Workers, U.S. Cities Average, 1967=100, published by the Bureau of Labor Statistics, United States Department of Labor (hereinafter referred to as the "Index"), in the manner described in this Section and applied to each of the hourly rates as set forth in the various sections of the Agreement.

Escalator Clause. (a) In addition to the basic wage rates contained in this Agreement, all employees covered by this Agreement shall be entitled to a cost-of-living allowance, as set forth in this Section. *12.02 The basic wage rates as contained in this Agreement shall not be reduced by application of this cost-of-living provision. The cost-of- living allowance shall be determined and re-re- determined in accordance with changes, if any, in the Consumer Price Index for Urban Wage Earners and Clerical Workers, U.S. Cities Average, 1967=100, published by the Bureau of Labor Statistics, United States Department of Labor (hereinafter referred to as the "Index"), in the manner described in this Section and applied to each of the hourly rates as set forth in the various sections of the Agreement.