Common use of Basic Wage Rates Clause in Contracts

Basic Wage Rates. The schedule of basic rates listed in Exhibit “A“ and Rate Schedule, shall be effective during the term of this Agreement and subject to the terms of this Article. All of the cents per hour cost of living adjustments as determined by the application of Article shall be applied to the appropriate basic wage rates and the resulting total wage rates shall then be adjusted to the nearest one-half cent.

Basic Wage Rates. The schedule of basic rates listed in Exhibit “A“ and ”, Rate Schedule, shall be effective during the term of this Agreement and subject to the terms of this Article. All of the cents per hour and cost of living adjustments as determined by the application of Article and shall be applied to the appropriate basic wage rates and the resulting total wage rates shall then be adjusted to the nearest one-half cent.