Adjusted Wage Settlement Clause Samples

An Adjusted Wage Settlement clause defines the process for modifying employee wages in response to specific triggers, such as changes in cost of living, inflation rates, or collective bargaining outcomes. Typically, this clause outlines the criteria and timing for wage adjustments, specifying whether increases are automatic or subject to negotiation, and may reference external indices or benchmarks. Its core practical function is to ensure that employee compensation remains fair and competitive over time, addressing the problem of wage stagnation and helping both employers and employees adapt to economic fluctuations.
Adjusted Wage Settlement. All claims for back wages shall be limited to the amount of wages that the employee would otherwise have earned less any unemployment compensation and compensation for personal services that they may have received from any source during the period in question except outside income which was normally being earned prior to imposition of the challenged discipline.
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Related to Adjusted Wage Settlement

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Cash Settlement If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period.

  • Date of Settlement All offers of Certificated Securities solicited by a Selling Agent or made by a Purchasing Agent and accepted by the Company will be settled on a date (the “Settlement Date”) which is the third business day after the date of acceptance of such offer, unless the Company and the purchaser(s) agree to settlement (a) on another business day after the acceptance of such offer or (b) with respect to an offer accepted by the Company prior to 10:00 a.m., New York City time, on the date of such acceptance.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $1,110,000.00 as the Gross Settlement Amount. Defendant will separately pay the employer's share of payroll taxes on the Wage Portion of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.