Common use of Market Adjustments Clause in Contracts

Market Adjustments. 7 Effective July 1, 2018 and July 1, 2020 the pay rates, will be adjusted if the County 8 rates fall below market average. Market average is defined as: 9 1. Comparables are: Clackamas County, City of Portland, METRO, 10 Port of Portland PDX, OHSU and Portland Public Schools. 11 2. Comparable market rate reviewed will be the Electrician 12 classification, comparing Multnomah County electrician classification with comparables 13 that are similar in duties and responsibilities. Other classifications covered by this 14 agreement shall receive the same market rate adjustment as applies to the Electrician 15 classification. 16 3. Comparable pay rates shall be pay rates effective January 1, 2018 17 and January 1, 2020, taking into consideration delayed implementation subject to finalize 18 wage rates which are subject to such actions as contract negotiations/finalized salary 19 studies. Multnomah County pay rate for purposes of comparison shall include appropriate 20 July 1, 2018 and July 1, 2020 CPI adjustments. 21 4. Market adjustment increase shall be equal to the percentage that 22 Multnomah rates are below the market average rounded to a tenth of a percent. July 1, 23 2018 CPI increase shall be based on July 1, 2017 wage rate plus any market adjustment.

Market Adjustments. 7 11 Effective July 1, 2018 and July 1, 2020 2024 the pay rates, rates will be adjusted if the County 8 12 rates fall below market average. Market average is defined as: 9 13 1. Comparables are: Clackamas CountyXxxxxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxx, 00 XXXX, XXXXX, Xxxxxxxx Public Schools, City of Portland, METRO, 10 Port of Portland PDX, OHSU and Portland Public SchoolsOHSU. 11 15 2. Comparable market rate reviewed will rates shall be the Electrician 12 classificationa look at HVAC Engineer 16 and Building Automation Systems Technician/Senior classifications, comparing 17 Multnomah County electrician classification classifications with comparables 13 comparable positions that are similar in duties and 18 responsibilities. Other classifications covered by this 14 agreement HVAC Assistant rate adjustment shall receive be the same market rate adjustment as applies to the Electrician 15 classification19 HVAC Engineer. 16 20 3. Comparable pay rates shall be pay rates effective January in effect as of July 1, 2018 17 and January 1, 2020, 21 2024 taking into consideration delayed implementation subject to finalize 18 wage 22 rates which are subject to such actions as contract negotiations/finalized salary 19 23 studies. Multnomah County pay rate for purposes of comparison shall include 24 appropriate 20 July 1, 2018 and July 1, 2020 2024 CPI adjustmentsadjustment. 21 25 4. Market adjustment increase shall be equal to the percentage 26 that 22 Multnomah rates are below the market average rounded to a tenth of a 27 percent. July 1, 23 2018 2024 CPI increase shall be based on July 1, 2017 2023 wage rate plus 28 any market adjustment.

Market Adjustments. 7 15 Effective July 1, 2018 2024 and July 1, 2020 2026 the pay rates, will be adjusted if the 16 County 8 rates fall below market average. Market average is defined as: 9 17 1. Comparables are: Clackamas County, City of Portland, METRO, 10 18 Port of Portland PDX, OHSU OHSU, and Portland Public Schools. 11 19 2. Comparable market rate reviewed will be the Electrician 12 classificationjob profile, 20 comparing Multnomah County electrician classification job profile with comparables 13 that are similar in 21 duties and responsibilities. Other classifications job profiles covered by this 14 agreement shall receive the 22 same market rate adjustment as applies to the Electrician 15 classificationjob profile. 16 23 3. Comparable pay rates shall be pay rates effective January 1, 2018 17 2024 24 and January 1, 20202026, taking into consideration delayed implementation subject to finalize 18 25 wage rates which are subject to such actions as contract negotiations/finalized salary 19 26 studies. Multnomah County pay rate for purposes of comparison shall include appropriate 20 27 July 1, 2018 2024 and July 1, 2020 2026 CPI adjustments. 21 28 4. Market adjustment increase shall be equal to the percentage that 22 29 Multnomah rates are below the market average rounded to a tenth of a percent. July 1, 23 2018 30 2024 CPI increase shall be based on July 1, 2017 2023 wage rate plus any market adjustment. 1 July 1, 2026 CPI increase shall be based on July 1, 2025 wage rate plus any market 2 adjustment.

Market Adjustments. 7 3 Effective July 1, 2018 and July 1, 2020 2014 the pay rates, will be adjusted if the County 8 4 rates fall below market average. Market average is defined as: 9 5 1. Comparables are: Clackamas CountyXxxxxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxx, 0 XXXX, XXXXX, Xxxxxxxx Public Schools, City of Portland, METRO, 10 Port of Portland PDX, OHSU and Portland Public SchoolsOHSU. 11 7 2. Comparable market rate reviewed will rates shall be the Electrician 12 classificationa look at HVAC Engineer 8 and Building Automation Systems Technician/Senior classifications, comparing 9 Multnomah County electrician classification classifications with comparables 13 positions that are similar in duties 10 and responsibilities. Other classifications covered by this 14 agreement HVAC Assistant rate adjustment shall receive be the same market rate adjustment as 11 applies to the Electrician 15 classificationHVAC Engineer. 16 12 3. Comparable pay rates shall be pay rates effective January in effect as of July 13 1, 2018 17 and January 1, 2020, 2014 taking into consideration delayed implementation subject to finalize 18 wage 14 rates which are subject to such actions as contract negotiations/finalized salary 19 15 studies. Multnomah County pay rate for purposes of comparison shall include 16 appropriate 20 July 1, 2018 and July 1, 2020 2014 CPI adjustmentsadjustment. 21 17 4. Market adjustment increase shall be equal to the percentage 18 that 22 Multnomah rates are below the market average rounded to a tenth of a 19 percent. July 1, 23 2018 2014 CPI increase shall be based on July 1, 2017 2013 wage rate 20 plus any market adjustment.

Market Adjustments. 7 15 Effective July 1, 2018 2024 and July 1, 2020 2026 the pay rates, will be adjusted if the 16 County 8 rates fall below market average. Market average is defined as: 9 17 1. Comparables are: Clackamas County, City of Portland, METRO, 10 18 Port of Portland PDX, OHSU OHSU, and Portland Public Schools. 11 19 2. Comparable market rate reviewed will be the Electrician 12 classificationjob profile, 20 comparing Multnomah County electrician classification Electrician job profile with comparables 13 that are similar in 21 duties and responsibilities. Other classifications job profiles covered by this 14 agreement shall receive the 22 same market rate adjustment as applies to the Electrician 15 classificationjob profile. 16 23 3. Comparable pay rates shall be pay rates effective January 1, 2018 17 2024 24 and January 1, 20202026, taking into consideration delayed implementation subject to finalize 18 25 wage rates which are subject to such actions as contract negotiations/finalized salary 19 26 studies. Multnomah County pay rate for purposes of comparison shall include appropriate 20 27 July 1, 2018 2024 and July 1, 2020 2026 CPI adjustments. 21 28 4. Market adjustment increase shall be equal to the percentage that 22 29 Multnomah rates are below the market average rounded to a tenth of a percent. July 1, 23 2018 30 2024 CPI increase shall be based on July 1, 2017 2023 wage rate plus any market adjustment. 1 July 1, 2026 CPI increase shall be based on July 1, 2025 wage rate plus any market 2 adjustment.

Market Adjustments. 7 Effective July 1, 2018 2009 and July 1, 2020 2011 the pay rates, will be 8 adjusted if the County 8 rates fall below market average. Market average is 9 defined as: 9 10 1. Comparables are: Clackamas CountyXxxxxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxx, 00 XXXX, XXXXX, Xxxxxxxx Public Schools, City of Portland, METROPortland State 12 University, 10 Port State of Portland PDX, OHSU Oregon and Portland Public SchoolsOHSU. 11 13 2. Comparable market rate reviewed will rates shall be the Electrician 12 classificationa look at HVAC Engineer 14 and Building Automation Systems Technician/Senior classifications, comparing 15 Multnomah County electrician classification classifications with comparables 13 positions that are similar in duties 16 and responsibilities. Other classifications covered by this 14 agreement HVAC Assistant rate adjustment shall receive be the same market rate adjustment as 17 applies to the Electrician 15 classificationHVAC Engineer. 16 18 3. Comparable pay rates shall be pay rates effective January July 1, 2018 17 19 2009 and January July 1, 20202011, taking into consideration delayed implementation subject 20 to finalize 18 wage rates which are subject to such actions as contract 21 negotiations/finalized salary 19 studies. Multnomah County pay rate for purposes of 22 comparison shall include appropriate 20 July 1, 2018 2009 and July 1, 2020 2011 CPI adjustments23 adjustment. 21 24 4. Market adjustment increase shall be equal to the percentage 25 that 22 Multnomah rates are below the market average rounded to a tenth of a 26 percent. July 1, 23 2018 2009 CPI increase shall be based on July 1, 2017 2008 wage rate 27 plus any market adjustment. July 1, 2011 CPI increase shall be based on July 1, 28 2010 wage rate plus any market adjustment.