Common use of Escalator Clause Clause in Contracts

Escalator Clause. Defendant represents that there are an estimated 21,636 total aggregate workweeks worked by the Settlement Class members during the Class Period. If the number of workweeks, as reported to the Settlement Administrator, following the Effective Date is more than 10% greater than 21,636 (i.e., if there are 23,800 or more workweeks worked during the Class Period), Defendant shall increase the Maximum Settlement Amount on a proportional basis (i.e., if there was a 12% increase in the number of workweeks, Defendant shall increase the Maximum Settlement Amount by 12%).

Escalator Clause. Defendant represents that there are an estimated 21,636 total aggregate workweeks worked by the Settlement Class members during Period includes approximately 40,335 workweeks. If, as of the close of the Class Period. If , the number of workweeks, as reported to the Settlement Administrator, following the Effective Date is more than workweeks has increased by 10% greater than 21,636 or more (i.e., if there are 23,800 44,369 or more workweeks worked during the Class Periodworkweeks), then Defendant shall agrees to increase the Maximum Gross Settlement Amount on a proportional basis for the workweeks in excess of 10% (i.e., if there was a 12% increase in the actual number of workweeksworkweeks is 20% greater than 40,335, Defendant shall would agree to increase the Maximum Gross Settlement Amount by 1210%).

Escalator Clause. Defendant represents that there are an estimated 21,636 total aggregate 14,814 workweeks worked by the Settlement Class members during the Class Period. If the number of workweeks, as reported to workweeks during the Settlement Administrator, following the Effective Date Class Period is more than 10% greater than 21,636 this figure (i.e., if there are 23,800 16,296 or more workweeks workweeks) worked during by the settlement Class PeriodMembers), Defendant shall agrees to increase the Maximum Gross Settlement Amount on a proportional pro rata basis (i.e., if there was a 1211% increase in the number of workweeksworkweeks during the Class Period, Defendant shall would agree to increase the Maximum Gross Settlement Amount by 121%).

Escalator Clause. Defendant represents that there are an estimated 21,636 total aggregate approximately 75,000 workweeks worked by the Settlement Class members during the Class Period. If the number of workweeks, as reported to the Settlement Administrator, following the Effective Date is workweeks at Preliminary Approval has increased by 5% or more than 10% greater than 21,636 (i.e., if there are 23,800 78,751 or more workweeks worked during the Class Periodat issue), then Defendant shall agrees to increase the Maximum Settlement Amount on a proportional basis (i.e.e.g., if there was a 12% increase in the number of workweeks at issue is 20% greater than 78,751 workweeks, Defendant shall agrees to increase the Maximum Settlement Amount by 1220%).