Common use of General Increase Clause in Contracts

General Increase. (a) Effective 2003 January 01, all hourly rates of pay which were in effect on 2002 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (b) Effective 2004 January 01, all hourly rates of pay which were in effect on 2003 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (c) Effective 2005 January 01, all hourly rates of pay which were in effect on 2004 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (d) Effective April 1, 2006: all hourly rates of pay which were in effect on March 31, 2006 shall be increased by the greater of: (i) three percent (3.0%). The new hourly rates shall be rounded to the nearest whole cent, or (ii) three percent (3.0%) plus one-half of the amount by which the Consumer Price Index (CPI all item market basket) for Vancouver, BC exceeds three percent for the 12 month period ending on February 28, 2006. This calculation will be made by comparing the difference of the CPI value for February 2006 over February 2005. The CPI calculation will be taken to the second decimal place following arithmetical rules of rounding. The new hourly wage rates calculated from the aforementioned shall be rounded to the nearest whole cent.

General Increase. (a) Effective 2003 2012 January 01, all hourly rates of pay which were in effect on 2002 2011 December 31 shall be increased by two one and one-half quarter percent (2.51.25%). The new hourly rates shall be rounded to the nearest whole cent. (b) Effective 2004 2013 January 01, all hourly rates of pay which were in effect on 2003 2012 December 31 shall be increased by two one and onethree-half quarters percent (2.51.75%). The new hourly rates shall be rounded to the nearest whole cent. (c) Effective 2005 2014 January 01, all hourly rates of pay which were in effect on 2004 2013 December 31 shall be increased by two one and onethree-half quarters percent (2.51.75%). The new hourly rates shall be rounded to the nearest whole cent. (d) Effective April 12015 January 01, 2006: all hourly rates of pay which were in effect on March 31, 2006 2014 December 31 shall be increased by the greater of: (i) three two percent (3.02%). The new hourly rates shall be rounded to the nearest whole cent, or. (iie) three percent Retroactive payments arising from (3.0%a), (b), and (c) plus one-half of the amount by which the Consumer Price Index (CPI all item market basket) for Vancouver, BC exceeds three percent for the 12 month period ending on February 28, 2006. This calculation will be made by comparing as soon as possible following the difference date of ratification of the CPI value for February 2006 over February 2005. The CPI calculation will be taken to the second decimal place following arithmetical rules Memorandum of rounding. The new hourly wage rates calculated from the aforementioned shall be rounded to the nearest whole centAgreement.

General Increase. (a) Effective 2003 January 01, all hourly rates of pay which were in effect on 2002 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (b) Effective 2004 January 01, all hourly rates of pay which were in effect on 2003 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (c) Effective 2005 January 01, all hourly rates of pay which were in effect on 2004 December 31 shall be increased by two and one-half percent (2.5%). The new hourly rates shall be rounded to the nearest whole cent. (d) Effective 2006 April 101, 2006: all hourly rates of pay which were in effect on 2006 March 31, 2006 31 shall be increased by the greater of: (i) three percent (3.0%). The new hourly rates shall be rounded to the nearest whole cent, or (ii) three percent (3.0%) plus one-half of the amount by which the Consumer Price Index (CPI all item market basket) for Vancouver, BC exceeds three percent for the 12 month period ending on 2006 February 28, 2006. This calculation will be made by comparing the difference of the CPI value for February 2006 over February 2005. The CPI calculation will be taken to the second decimal place following arithmetical rules of rounding. The new hourly wage rates calculated from the aforementioned shall be rounded to the nearest whole cent.