Common use of Inflation Protection Clause in Contracts

Inflation Protection. The above wage schedule was calculated using negotiated increases in the second, third, and fourth years of the contract as follows: May 4, 2008 the gross rate was increased by 5% of the gross rate in effect at the expiry of the 2003 to 2007 Agreement May 3, 2009 the gross rate was increased by 6.5% of the gross rate in effect on May 4, 2008 May 2, 2010 the gross rate was increased by 5% of the gross rate in effect on May 4, 2008 Should the CPI Alberta (all items) Rate, as defined in the paragraph below with one percentage point added to it, amount to a higher percentage than the percentage increase negotiated for the next following wage adjustment date, then the above wage schedule will be recalculated to reflect an increase equivalent to such higher percentage.

Inflation Protection. The above industrial wage schedule was schedules articulated in 24.01 were calculated using negotiated increases in the second, third, and fourth years of the contract as follows: May 4, 2008 the gross rate was increased by 5% of the gross rate in effect at the expiry of the 2003 to 2007 Agreement May 34, 2009 the gross rate was increased by 6.5% of the gross rate in effect on May 4, 2008 May 2, 2010 the gross rate was increased by 5% of the gross rate in effect on May 4, 2008 Should the CPI Alberta (all items) Rate, as defined in the paragraph below with one percentage point added to it, amount to a higher percentage than the percentage increase negotiated for the next following wage adjustment date, then the above wage schedule will be recalculated to reflect an increase equivalent to such higher percentage.