Common use of COLA Clause in Contracts

COLA. The following two Cost of Living Escalator paragraphs are operative during the second and third years of this Agreement. The following two cost of living paragraphs will operate February until January The following Cost of Living Escalator clause shall be applicable to all employees covered by the Agreement and shall provide for an adjustment of wages upwards or downwards of for each full change in the Statistics Canada Consumer Price Index for Toronto (1 = 100). The Index Figure published in January is to be the base for calculating adjustments. This escalator clause will not be effective unless the Consumer Price Index for Toronto exceeds the wage adjustment for the second year, by at which time there will be a general increase. This shall be made effective commencing the first payroll period following the publication date in the month in which the Consumer Price Index is published. Adjustments thereafter will be made in a similar manner every two (2) months. No adjustment upward or downward shall be made if the change in the Consumer Price Index for Toronto is less than The index figure published in January is to be the last index figure utilized for adjustment purposes under this second year Cost of Living Adjustment clause. No downward adjustment shall be made to reduce wages below the level paid in the first month of the second year of the Agreement because of changes in the Consumer Price Index for Toronto.

COLA. The following two Cost of Living Escalator paragraphs are to be operative during the second and third years of this Agreement. The following two cost of living paragraphs will operate from February until January The following Cost of Living Escalator clause shall be applicable to all employees covered by the Agreement and shall provide for an adjustment of wages upwards or downwards of for each full change in the Statistics Canada Consumer Price Index for Toronto (1 1992 = 100). The Index Figure published in January is to be the base for calculating adjustments. This escalator clause will not be effective unless the Consumer Price Index for Toronto exceeds the wage adjustment for the second year, by at which time there will be a general increase. This shall be made effective commencing the first payroll period following the publication date in the month in which the Consumer Price Index is published. Adjustments thereafter will be made in a similar manner every two (2) months. No adjustment upward or downward shall be made if the change in the Consumer Price Index for Toronto is less than The index figure published in January is to be the last index figure utilized for adjustment purposes under this second year Cost of Living Adjustment clause. No downward adjustment shall be made to reduce wages below the level paid in the first month of the second year of the Agreement because of changes in the Consumer Price Index for Toronto.

COLA. The following two Cost of Living Escalator paragraphs are operative during for the second third and third fourth years of this Agreement. The following two cost of living paragraphs will operate from February 1, 2016, until January 31, 2018. The following Cost of Living Escalator clause shall be applicable to all employees covered by the Agreement and shall provide for an adjustment of wages upwards or downwards of 0.50% for each full 0.50% change in the Statistics Canada Consumer Price Index for Toronto (1 1992 = 100). The Index Figure published in January 2016 is to be the base for calculating adjustments. This escalator clause will not be effective unless the Consumer Price Index for Toronto exceeds the wage adjustment for the second third year, i.e. 1.75% by 0.50%, at which time there will be a 0.50% general increase. This shall be made effective commencing the first payroll period following the publication date in the month in which the Consumer Price Index is published. Adjustments thereafter will be made in a similar manner every two (2) months. No adjustment upward or downward shall be made if the change in the Consumer Price Index for Toronto is less than 0.50%. The index figure published in January 2016 is to be the last index figure utilized for adjustment purposes under this second year Cost of Living Adjustment clause. No downward adjustment shall be made to reduce wages below the level paid in the first month of the second year of the Agreement because of changes in the Consumer Price Index for Toronto.

COLA. The following two Cost of Living Escalator paragraphs are operative during for the second third and third fourth years of this Agreement. The following two cost of living paragraphs will operate from February 1, 2016, until January 31, 2018. The following Cost of Living Escalator clause shall be applicable to all employees covered by the Agreement and shall provide for an adjustment of wages upwards or downwards of 0.50% for each full 0.50% change in the Statistics Canada Consumer Price Index for Toronto (1992 = 1 = 10000). The Index Figure published in January 2016 is to be the base for calculating adjustments. This escalator clause will not be effective unless the Consumer Price Index for Toronto exceeds the wage adjustment for the second third year, i.e. 1.75%1 by 0.50%, at which time there will be a 0.50% general increase. This shall be made effective commencing the first payroll period following the publication date in the month in which the Consumer Price Index is published. Adjustments thereafter will be made in a similar manner every two (2) months. No adjustment upward or downward shall be made if the change in the Consumer Price Index for Toronto is less than 0.50%. The index figure published in January 2016 is to be the last index figure utilized for adjustment purposes under this second year Cost of Living Adjustment clause. No downward adjustment shall be made to reduce wages below the level paid in the first month of the second year of the Agreement because of changes in the Consumer Price Index for Toronto.