No COLA Sample Clauses

No COLA. 2016: A Cost of Living Allowance (COLA), in a lump sum payment, will be paid if the average Canada Consumer Price Index (CCPI-2002=100) for the period April 1, 2016 to March 31, 2017 by more than the 2016 two (2%) percent increase. See below for calculation. 2017: A Cost of Living Allowance (COLA), in a lump sum payment, will be paid if the average Canada Consumer Price Index (CCPI 2002=100) for the period April 1, 2017 to March 31, 2018 by more than the 2017 two (2%) percent increase. See below for example calculation. Example: Year 1 Year 2 Month CPI Month CPI April 109.2 April 111.9 May 109.4 May 112.0 June 109.4 June 111.8 July 110.2 July 112.2 August 111.1 August 112.6 September 111.6 September 113.5 October 112.1 October 114.6 November 111.9 November 115.4 December 112.0 December 115.8 January 111.7 January 115.6 February 111.9 February 115.7 March 111.6 March 114.5 Average 111.0 Average 113.8 113.8 x 100 / 111.0 = 102.5 (CPI Increase = 2.5%) 2.5 (CPI increase) – 2.0 (salary increase) = 0.5 (COLA) 0.5 x annual earnings = lump sum amount

Related to No COLA

  • No Collusion The Consultant represents and certifies that the Consultant is not barred from contracting with a unit of state or local government as a result of (i) a delinquency in the payment of any tax administered by the Illinois Department of Revenue unless the Consultant is contesting, in accordance with the procedures established by the appropriate revenue act, its liability for the tax or the amount of the tax, as set forth in Section 11-42.1-1 et seq. of the Illinois Municipal Code, 65 ILCS 5/11-42.1-1 et seq.; or (ii) a violation of either Section 33E-3 or Section 33E-4 of Article 33E of the Criminal Code, 720 ILCS 5/33E-1 et seq. The Consultant represents that the only persons, firms, or corporations interested in this Agreement as principals are those disclosed to the Village prior to the execution of this Agreement, and that this Agreement is made without collusion with any other person, firm, or corporation. If at any time it shall be found that the Consultant has, in procuring this Agreement, colluded with any other person, firm, or corporation, then the Consultant shall be liable to the Village for all loss or damage that the Village may suffer, and this Agreement shall, at the Village’s option, be null and void.

  • No Concession This Agreement is not a concession by HHS that CHCS is not in violation of the HIPAA Rules and not liable for civil money penalties.

  • No Commercial Use or Re-Sale You agree that the Service is only for the personal or business use of individuals authorized to access your account information. You agree not to make any commercial use of Mobile Banking or resell, lease, rent or distribute access to Mobile Banking.

  • No Contravention The execution, delivery, performance and observance by Seller of its obligations hereunder do not and will not:

  • No Lockout The Employer agrees that neither it, its officers, agents nor representatives, individually or collectively, will authorize, institute or condone any lockout of employees during the term of this Agreement.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • No Lockouts No lockouts, or refusal to allow employees to perform available work, shall be instituted by the Employer and/or its Appointing Authorities during the life of this Agreement.

  • No Unbundling The Software may include various applications, utilities and components, may support multiple platforms and languages or may be provided to Licensee on multiple media or in multiple copies. Nonetheless, the Software is designed and provided to Licensee solely within AWS as permitted herein. Licensee is not required to use all component parts of the Software, but Licensee shall not unbundle the component parts of the Software. Licensee shall not unbundle or repackage the Software for distribution, transfer or other disposition.

  • NO CONTRACTING OUT 15.01 The Hospital shall not contract out any work usually performed by members of the bargaining unit if, as a result of such contracting out, a layoff of any employees other than Casual part-time employees results from such contracting out.

  • NO STRIKES OR LOCKOUTS 5.01 The Union agrees there will be no strikes and the Employer agrees there will be no lockouts during the term of this Agreement. The term "strike" and "lockout" shall bear the meaning given them in the Ontario Labour Relations Act, as amended.

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