Parity Clause Clause Samples
A Parity Clause is a contractual provision that ensures one party receives terms, benefits, or conditions that are at least equal to those granted to another party, often within the same agreement or across similar agreements. In practice, this clause may require that if a more favorable term is offered to another party, the beneficiary of the parity clause must automatically receive the same or equivalent terms. For example, in licensing or supply agreements, it can guarantee that a licensee or supplier is not disadvantaged compared to others. The core function of a Parity Clause is to maintain fairness and prevent discrimination by ensuring all relevant parties are treated equally under the contract.
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Parity Clause. During the term of the agreement, should any other Bargaining Unit Member with the same job classifications and titles, receives any wage or benefit enhancements that exceed those contained in this agreement, the SEIU Bargaining Unit Member with the same classification and title shall receive such wages or benefits retroactive to the date such wages or benefits went into effect.
Parity Clause. The employer agrees to utilize the POAM contract as a base to achieve parity of benefits for the command group. The command group shall be entitled to include in their contract any positive/increased benefits that may be given to the POAM group for which the COAM does not have equal or better.
Parity Clause. During the last year of this Agreement, should the Employer provide any other bargaining unit within the Sheriff’s Office a cost-of-living adjustment or wage increase greater than that which is provided for in this Agreement, the Employer shall adjust the wages paid to employees covered hereunder in an amount equal to the percentage increase granted to employees in the other Sheriff’s Office bargaining unit(s). Such adjustments shall be effective at the time the wage adjustment is granted to employees in the other bargaining unit(s).
Parity Clause. If an employee bargaining group is granted an increase in benefit the management employee supervising their group shall be granted the same increase in benefit, provided they are contractually eligible for the benefit.
Parity Clause