COLA Adjustment definition

COLA Adjustment means the cost of living adjustment, which shall correspond to the percent rise in prices for the preceding year as measured by the Consumer Price Index for all Urban Consumers (CPI-UC), All City Average, all Items (base year 1982-1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics (the "INDEX"). The COLA Adjustment shall be determined by multiplying the amount or figure to be adjusted by a fraction, the numerator of which is the Index published for the month in which occurs the date of adjustment and the denominator of which is the Index published for the same month of the preceding year.

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COLA Adjustment shall have the meaning set forth in Section 17.2.

COLA Adjustment means the cost of living adjustment, which shall be equal to (i) two percent, plus (ii) the percent rise in prices for the preceding year as measured by the Consumer Price Index for all Urban Consumers (CPI-UC), All City Average, all Items (base year 1982-1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics (the "INDEX"). The COLA Adjustment shall be determined by multiplying the amount or figure to be adjusted by the sum of (i) two percent, plus (ii) a fraction, the numerator of which is the Index published for the month in which occurs the date of adjustment and the denominator of which is the Index published for the same month of the preceding year.

Examples of COLA Adjustment in a sentence

The COLA Adjustment shall be made each July 1st and shall remain applicable until the next June 30th.
The COLA Adjustment shall be determined by multiplying the amount or figure to be adjusted by a fraction, the numerator of which is the Index published for the month in which occurs the date of adjustment and the denominator of which is the Index published for the same month of the preceding year.
Further, Executive’s base salary shall be increased for each year of the Employment Period at the beginning of each such year by an amount not less than the COLA Adjustment.
COLA Adjustment means the cost of living adjustment, which shall correspond to the percent rise in prices for the preceding year as measured by the Consumer Price Index for all Urban Consumers (CPI-UC), All City Average, all Items published by the United States Department of Labor, Bureau of Labor Statistics (the “Index”).
As "Base Salary," the annual sums as follows which amount will automatically increase effective as of each annual anniversary of the Commencement Date by the "COLA Adjustment" (as defined below): Period Annual Base Salary ------ ------------------ Commencement to Dec.
As of January 1, 2004, the Executive's base salary shall be adjusted upward, in proportion to any increase in the Consumer Price Index, as defined in Section 4.4, between the December levels of the two immediately preceding years ("COLA Adjustment").
During the Senior Status Period, the Executive shall be entitled to an annual salary (the “Senior Status Salary”), payable in accordance with the regular payroll practices of the Company, of the greater of (i) $400,000 increased by the COLA Adjustment (as defined in section 5(b) below), and (ii) fifty percent of the average of the Executive Salary over the three year period immediately prior to the Senior Status Period.
Any COLA Adjustment must be mutually agreed upon, and will not exceed [ * ] per year over the previous year’s rate.
The parties agree that in the event that the City approves COLA increases, general wage increases, or general bonuses for fiscal years 2009 through 2014 for any other City or School District bargaining unit, except the Association of Portsmouth Teachers, that are greater than the increases generated under the COLA Adjustment clause in this contract, members of this bargaining unit shall be entitled to the same increases.
The COLA Adjustment percentage shall be determined by the ten (10)-year rolling average in the CPI-U for the Boston-Brockton-Nashua -MA-NH-ME-CT all items index as computed by the Bureau of Labor Statistics of the U.S. Department of Labor for the most recent calendar year preceding the July 1 adjustment.

More Definitions of COLA Adjustment

COLA Adjustment means an annual increase equal to the percentage increase, if any, of the consumer price index for Urban Wage Earning and Clerical Workers (Greater Metropolitan Tampa Area, all items) issued by the Bureau of Labor Statistics of the U.S. Department of Labor using the year 1967 as a base of 100 (the "Index") from the prior year using the Commencement Date as the anniversary date for such calculation. In the event the Index ceases to be published during the term of this Agreement or any extension thereof, the parties shall use a mutually acceptable comparable statistical index on the cost of living in the United States as shall then be computed and published by an agency of the United States.

COLA Adjustment means an increase in the Consumer Price Index for Urban Consumers for N.Y.-Northern N.J.-Long Island, NY-NJ-CT-PA.

COLA Adjustment with respect to the second and subsequent Annual Bonuses paid hereunder, shall be the amount obtained by multiplying (x) $750,000 plus, with respect to the third and subsequent Annual Bonuses paid hereunder, the COLA Adjustment component of the prior year's Annual Bonus, by (y) the percentage by which the Consumer Price Index for the New York-New Jersey Metropolitan Area, as reported as of April 1 of the applicable year by the Bureau of Labor Statistics of the United States Department of Labor has increased over its level as of the prior April 1 or, if such data is not available, such other similar measure of cost of living increases as the parties shall mutually agree. Employee's Annual Bonus for a fiscal year shall be paid not later than 90 days following the close of such fiscal year. Subject to the Minimum Annual Bonus, the determination of the amount of Employee's Annual Bonus for each fiscal year shall be made by the Company based on the performance criteria to be developed as described in this Section 3(c), and such determination by the Company shall be final and binding.

COLA Adjustment means the cost of living adjustment, which shall be equal to (i) two percent (2%) plus (ii) the percent rise in prices for the preceding year as measured by the Index. The COLA Adjustment shall be determined by multiplying the amount or figure to be adjusted by the sum of (i) two percent (2%) plus (ii) a fraction, the numerator of which is the Index published for the month in which the adjustment occurs and the denominator of which is the Index published for the same month of the preceding year.

COLA Adjustment means an annual increase equal to the percentage increase, if any, of the consumer price index for Urban Wage Earning and Clerical Workers (Greater