Common use of COST OF LIVING ALLOWANCE Clause in Contracts

COST OF LIVING ALLOWANCE. (COLA) a) Effective on the first pay period on or after Nov 1, and quarterly thereafter during the term of this agreement, a cost of living allowance calculated as set forth in this section shall be made. b) The amount of cost of living adjustment (COLA) shall be determined in accordance with the in- creases or decreases in the Consumer Price Index, 2002 =100, hereafter referred to as the “2002 CPI.” c) In determining the three (3) month average of the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Date of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) adjustments in the cost of living allowance shall be made payable for each 0.0954 change in the 2002 CPI. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) No adjustments, retroactive or otherwise shall be made due to any revision which may later be made in the published Statistics Canada CPI. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefits. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA) a) Effective on the first pay period on or after Nov Feb 1, and quarterly thereafter during the term of this agreement, a cost of living allowance calculated as set forth in this section shall be made. b) The amount of cost of living adjustment (COLA) shall be determined in accordance with the in- creases or decreases in the Consumer Price Index, 2002 =100, hereafter referred to as the ““ 2002 CPI.” c) In determining the three (3) month average of the indexes in- dexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the three (3) month average of the 2002 CPI for AprJan, MayFeb, and Jun 2020 Mar, 2014 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Date of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter.: f) One cent ($0.01) adjustments in the cost of living allowance shall be made payable for each 0.0954 change in the 2002 CPI. g) In the event Statistics Canada ceases monthly publication publi- cation of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present pres- ent form h) No adjustments, retroactive or otherwise shall be made due to any revision which may later be made in the published Statistics Canada CPI. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations cal- culations pertaining to group welfare benefits. The base rate of $1.27 COLA will be locked in with quarterly adjustments per paragraph f). This will be in effect for the duration of the 2014 agreement expiring October 15, 2017. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA)24.01 The Cost-of-Living Allowance provided herein shall be paid weekly in the employee's regular pay for each hour worked. The amount of Cost-of-Living Allowance in effect at any given time shall be included in computing vacation pay, holiday pay, reporting for work allowance, bereavement pay, and jury duty. a) 24.02 Effective on the first beginning of the pay period commencing on or after Nov 1, and quarterly thereafter during the term ratification of this agreementAgreement, a cost of living allowance calculated as set forth in this section the COLA shall be madetwenty-eight cents ($0.28) and shall remain in effect until September 3, 2023. b) The amount of cost of living adjustment (COLA) 24.03 Future adjustments in the Cost-of-Living Allowance shall be determined made on the dates contained in accordance 24.04 and shall be based upon the Canada Consumer Price Index (1992 =100); published by Statistics Canada, with the in- creases or decreases adjustment to be made based upon a one cent ($0.01) per hour increase for each .0736 change in the Consumer Price Index, 2002 =100, hereafter referred to as average index for the “2002 CPI.” c) appropriate three months. In determining the three (3) month average of the indexes for a the specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards.appropriate d) The COLA 24.04 Adjustments during the period of this Agreement shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Effective Date Based on the Three-Month Average of implementation Based upon the three month of Adjustment: Consumer Price Index for the Months of: 24.05 The COLA base to be used for the September 4, 2023 COLA Adjustment is the average of: 1st pay period of the February, March and April 2023 Canadian Consumer 24.06 In the event that Statistics Canada does not issue the appropriate Indexes on or before the beginning on or after Nov 1one of the pay periods referred to in this Section, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) any adjustments in the cost of living allowance Allowance required by such appropriate Indexes shall be made payable for each 0.0954 change in effective at the 2002 CPIbeginning of the first pay period after receipt of the Indexes. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) 24.07 No adjustments, adjustments retroactive or otherwise shall be made in the amount of the Cost-of-Living Allowance due to any revision which later may later be made in the published Statistics Canada CPIfigures used to determine the average Index for the month or months on the basis of which the allowance shall have been determined. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefits. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA) a) Effective on the first pay period on or after Nov 1, and quarterly thereafter during the term of this agreement, a 25.01 A cost of living allowance will, if applicable, be paid to each employee as set out below. This allowance will be based on the Consumer Price Index (all items - base: 1961 = 100) published by Statistics Canada (hereinafter referred to as the "CPI") and will be calculated as set forth in this section follows: a) The CPI published for April, 2020, shall be madecompared with the CPI published for July, 2020, and effective the pay period immediately following the publication of the July, 2020 CPI, the allowance shall be one (1) cent per hour worked for each zero point three five (0.35) point increase by which the July, 2020 CPI exceeds the April, 2020 CPI. b) The amount Such allowance, if any, shall continue until the publication of cost of living adjustment (COLA) the CPI for October, 2020, at which time the October, 2020 CPI shall be determined in accordance compared with the in- creases or decreases in CPI published for July, 2020, and effective the Consumer Price Indexpay period immediately following the publication of the October, 2002 =1002020 CPI, hereafter referred to as the “2002 allowance shall be adjusted by one (1) cent per hour worked for each zero point three five (0.35) point increase by which the October, 2020 CPI exceeds the July, 2020 CPI.” c) In determining A similar comparison and adjustment shall be made thereafter on the basis of the CPI published every three (3) month average of the indexes for a specified periodmonths apart as follows: FOLLOWING THE BASED ON THE RELEASE OF COMPARISON OF: THE CPI FOR: January, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards.2021 January, 2021 with October, 2020 April, 2021 April, 2021 with January, 2021 d) The COLA If there is a decrease in the CPI on the basis of the quarter to quarter comparison, the allowance shall be computed adjusted downward by using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will formula mentioned above but an employee's applicable hourly rate shall not be rolled into the base wageaffected by any downward adjustment. e) COLA adjustments will be made on a quarterly basis at the following times: Date The amount of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) adjustments in the cost of living allowance in effect at any time shall not be made payable part of an employee's applicable hourly rate but will be included for each 0.0954 change in the 2002 CPIcalculation of vacation pay under the Collective Bargaining Agreement. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form hf) No adjustments, adjustment retroactive or otherwise shall be made due to any revision which may later be made in any Consumer Price Index published by Statistics Canada. g) The continuance of the published Statistics Canada cost of living allowance shall depend upon the availability of the CPI calculated on its present basis and in its present form. Should this occur, the parties will meet and agree upon an appropriate alternative conversion of the CPI. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefits. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA)25.01 The Cost-of-Living Allowance provided herein shall be paid weekly in the employee's regular pay cheque to each employee for each hour worked. The amount of Cost-of-Living Allowance in effect at any given time shall be included in computing vacation pay, holiday pay, reporting for work allowance, bereavement pay, and jury duty. a) 25.02 Effective on the first beginning of the pay period commencing on or after Nov 1, and quarterly thereafter during the term ratification of this agreementAgreement, a cost of living allowance calculated as set forth in this section the COLA shall be madefive cents ($0.05) and shall remain in effect for the duration of this Agreement. b) 25.03 The amount of cost of living adjustment (COLA) parties agree that the COLA shall be determined suspended for the duration of this Agreement. 25.04 Future adjustments in accordance the Cost-of-Living Allowance shall be made on the dates contained in 25.04 and shall be based upon the Canada Consumer Price Index (1992 =100); published by Statistics Canada, with the in- creases or decreases adjustment to be made based upon a one cent ($0.01) per hour increase for each .0736 change in the Consumer Price Index, 2002 =100, hereafter referred to as average index for the “2002 CPI.” c) appropriate three months. In determining the three (3) month average of the indexes for a the specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwardsappropriate .001 Index point. d) The COLA 25.05 Adjustments during the period of this Agreement shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Effective Date Based on the Three-Month of implementation Based upon the three month average ofAdjustment: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) adjustments in the cost of living allowance shall be made payable for each 0.0954 change in the 2002 CPI. g) In the event Statistics Canada ceases monthly publication Average of the Consumer Price Index or changes for the form or Months of: 25.06 In the basis of calculating the index, the parties agree to ask event that Statistics Canada does not issue the appropriate Indexes on or before the beginning on one of the pay periods referred to make available for in this Section, any adjustments in the life Allowance required by such appropriate Indexes shall be effective at the beginning of this agreement, a monthly index in its present formthe first pay period after receipt of the Indexes. h) 25.07 No adjustments, adjustments retroactive or otherwise shall be made in the amount of the Cost-of-Living Allowance due to any revision which later may later be made in the published Statistics Canada CPIfigures used to determine the average Index for the month or months on the basis of which the allowance shall have been determined. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefits. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA) to be frozen for the duration of this Collective Agreement (as may be extended by the Ontario Labour Relations Act, 1995) and any references to COLA elsewhere in the Collective Agreement shall be disregarded while Article 24 remains suspended. Further it is agreed that the COLA increase which was due to be implemented in May 2009 by Burlington Technologies Inc, shall not be made and that the wage rates in the Collective Agreement shall remain in effect for the duration of the Collective Agreement (as may be extended by the Ontario Labour Relation Act, 1995). a24.01 There shall be a Cost of Living Allowance based upon the Statistic Canada Consumer Price Index 1986=100. The COLA shall be one cent (1c) Effective on for every full .11 increase or decrease in the Consumer Price Index (CPI). The October 1996 CPI shall be established as the base CPI and will be compared with the April 1997 CPI to provide the first COLA payment in May 1997, commencing with the first pay period following the publication of the April 1997 CPI in May 1997. Further calculations shall be on a to-date basis compared to the base less any payments or after Nov 1, and advances of COLA. There shall further quarterly thereafter adjustments during the term of this agreementfollowing months, a cost of living allowance calculated as set forth in this section shall be made. b) The amount of cost of living adjustment (COLA) shall be determined in accordance with commencing the in- creases or decreases in first pay period during such month following the Consumer Price Index, 2002 =100, hereafter referred to as the “2002 CPI.” c) In determining the three (3) month average publication of the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the three (3) month average C.P.I. of the 2002 CPI for Aprprevious month: 2006 - February, May, August and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Date of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 AprNovember 2007 - February, May, Jun 2021 And so on August and November 2008 - February, May, August and November 2009 - February The Company will guarantee COLA at fifteen cents (15¢) each year. Payment will be at three cents (33¢) calendar month intervals thereafterfor the first quarter and at four cents (4¢) for each of the other three quarters. The guarantee will be deducted from the quarterly adjustments. f) One cent ($0.01) adjustments in the cost 24.02 The Cost of living allowance Living Allowance shall be made payable paid as an add-on for each 0.0954 change in the 2002 CPI. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) No adjustments, retroactive or otherwise shall be made due to any revision which may later be made in the published Statistics Canada CPI. i) The amount of any COLA in effect at any time hour worked but shall not form part of an employee’s base rate be incorporated into wage rates and shall not be included used in computing overtime or other premium pay. COLA adjustments calculation. 24.03 $1.00 of the Cola Float as of March 11, 2006 will be excluded from calculations pertaining rolled in to group welfare benefitsthe wage rates in Appendix B1. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. 30.01 With regard to employees covered by this Agreement, effective February 1, 1999 sixty (COLA)$0.60) cents shall be added to and become part of the occupational rate of each classification in effect on the date, leaving an sixty ($0.60) cent float. (a) Effective on All employees in the first pay period on or after Nov 1, and quarterly thereafter during Bargaining Unit covered by this Agreement shall be subject to the term following cost of this agreement, a living formula determining the cost of living allowance calculated as set forth in this section shall be madebelow for all hours worked. (b) The amount of A table will be established outlining the Consumer Price Index Change. (a) First adjustment in cost of living allowance will be March 1999. The March 1999 adjustment (COLA) shall be determined in accordance with based on the in- creases or decreases in the Consumer Price Index, 2002 =100, hereafter referred to as the “2002 CPI.” c) In determining the amount of C.P.I. three (3) month average of for November and December 1998 and January 1999 exceeding the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the C.P.I. three (3) month average of the 2002 CPI for AprAugust, MaySeptember and October 1998. Thereafter, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be based as provided for in Article 30.04 below. (b) Adjustments will be made in accordance with the 1981 C.P.I. .125 = 1c. 30.04 Effective Date of Adjustment, Based on a quarterly basis Statistics Canada First Pay Period Consumer Price Index Average Beginning on or After For The Following Three Months: June 15, 1999, 2000,2001 February, March & April September 15, 1999, 2000 May, June and July and 2001 December 15, 1999 and 2000 August, September & October March 15, 2000 and 2001 November, December & January 30.05 The amount of any cost of living allowance in effect at the following times: Date time shall be included in computing holiday pay, call-in pay, jury duty pay, bereavement pay and vacation pay. 30.06 In the event that Statistics Canada does not issue the appropriate Consumer Price Indexes on or before the beginning of implementation Based upon one of the three month average of: 1st pay periods referred to in Clauses 30.03 and 30.04, an adjustment in the allowance required by such appropriate Index shall be effective at the beginning of the first pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafterthe Index has been officially published. f) One cent ($0.01) adjustments 30.07 No adjustments, retroactive or otherwise, shall be made due to any revisions that may later be made in the published figures for the Statistics Canada Consumer Price Index for any month on the basis of which the allowance has been determined. 30.08 The continuance of the cost of living allowance shall be made payable for each 0.0954 change in contingent upon the 2002 CPI. g) In availability of the event official monthly indexes published by Statistics Canada ceases monthly publication of in its present form and calculated on the Consumer Price Index or same basis as the indexes for January, 1999 unless otherwise agreed upon by the parties. If such agency changes the form or the basis of calculating its Consumer Price Index, and such index is required to determine the indexCost of Living Allowance pursuant to the provisions of this Agreement, the parties agree to ask Statistics Canada request such agency to make available available, for the life of this agreementAgreement, a monthly index Consumer Price Index in its present form h) No adjustmentsform and calculated on the same basis as the index for February, retroactive or otherwise shall be made due to any revision which may later be made in the published 1999. If Statistics Canada CPI.cannot supply an index as above, the parties will meet to negotiate an equitable manner for consideration for the remaining C.O.L.A. i) The amount 30.09 Payment of any COLA in effect at any time shall not form part cost of an employee’s base rate and shall not living will be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefitsthe employee's regular pay cheque in amounts as provided for in the foregoing determination. j30.10 Starting with the March 1999 COLA quarter, the Company will permanently retain one (1c) The Cost of Living allowance will not exceed $0.50 over the life of this agreementcent per quarter until eleven (11c) is attained.

COST OF LIVING ALLOWANCE. 32.01 A cost of living allowance payment will, if applicable, be made to each employee as set out below. In this Article 32 a "quarter" means a calendar quarter ending December 31, March 31, June 30 or September 30 as the context requires. The cost of living allowance will be based on the Consumer Price Index (COLA)all items - base: 1981=I00) published by Statistics Canada (hereinafter referred to as the "CPI'') and will be calculated as follows: a) Effective the CPI published for September 2014, shall be compared with the CPI pub­ lished for June 2014, and the allowance shall be one (I) cent for each zero point one three (0. 13) point increase by which the September 2014 CPI ex­ ceeds the June 2014 CPI; and b) a similar comparison shall be made thereafter on the first pay period on or after Nov 1, and quarterly thereafter basis of the CPI published for the last month of each quarter compared with the CPI published for the last month of the previous quarter during the remainder of the term of this agreementAgree­ ment; and c) if there is an increase in the CPI on the basis of the quarter to quarter compari­ son, the allowance shall be adjusted upward, subject to Clause 32.06, using the formula set out above and that allowance will be used to adjust the allowance for the next quarter; and d) if there is a decrease in the CPI on the basis of the quarter to quarter compari­ son, the allowance shall be adjusted downward using the formula set out above subject to Clause 32.06; if the amount is a negative amount that negative amount will be used to adjust downward the allowance for the next quarter, subject to Clause 32.06. 32.02 The amount of the cost of living allowance payment to an employee for any quarter will be the cost of living allowance calculated as set forth for that quarter multiplied by the number of hours worked by the employee in this section shall be madethat quarter. b) 32.03 The amount of cost of living adjustment (COLA) shall be determined in accordance with the in- creases or decreases in the Consumer Price Index, 2002 =100, hereafter referred to as the “2002 CPI.” c) In determining the three (3) month average of the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Date of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) adjustments in the cost of living allowance shall payment does not form part of an employee's basic rate and will not be made payable included for each 0.0954 change in the 2002 CPIcalculation of vacation pay or the calculation of any other payments to employees. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) 32.04 No adjustmentsadjustment, retroactive or otherwise otherwise, shall be made due to any revision which may later be made in the any Consumer Price Index published by Statistics Canada CPICanada. i32.05 Cost of living allowance payments will be made in the pay period following publication of the later of the Quarterly Report of Vale Limited or the relevant monthly CPI, subject to Clause 32.06. 32.06 Effective April 1, 2015 the rates set forth in Schedule "B" shall be adjusted as follows: a) The if the amount of any COLA the cost of living allowance for December 31, 2014 is greater than zero, the rates will be adjusted upward by such amount, and thereafter for the purposes of Clauses 32.0 l (c) and 32.0l (d) the cost of living allowance for the quarter ended March 31, 2015 shall be deemed to be what it would have been if the cost of living allowance for December 31, 2014 had been zero, or b) if the amount of the cost of living allowance for the quarter ended December 3 1, 2014 is less than zero, the rates will be not adjusted except as provided be­ low, and thereafter for the purposes of Clauses 32.0 l (c) and 32.0l (d) the cost of living allowance for the quarter ended March 31, 2015 shall be the cost of living allowance for December 31, 2014; and Similarly, effective October 1, 201 5, April 1, 2016, October 1, 20 16 and April 1, 2017, October 1, 2017, April 1, 2018, October 1, 2018, April 1, 2019, the rates set forth in Schedule "B" in effect at any time immediately preceding such effective date shall not form part be adjusted in accordance with the following; c) if the amount of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments the cost of living allowance for the quarter preceding the quar­ ter ended the day before such effective date is greater than zero, the rates will be excluded from calculations pertaining adjusted upward by such amount, and thereafter for the purposes of Clauses 32.0l(c) and 32.0 l (d) the cost of living allowance for the quarter ended the day before such effective date shall be deemed to group welfare benefitsbe what it would have been if the cost of living allowance for the quarter preceding that quarter had been zero, or d) if the amount of the cost ofliving allowance for the quarter preceding the quar­ ter ended the day before such effective date is less than zero, the rates will be not adjusted except as provided below, and thereafter for the purposes of Clauses 32.0 l (c) and 32.0 l (d) the cost of living allowance for the quarter end­ ed the day before such effective date shall be the cost of living allowance for the quarter preceding the quarter ended the day before such effective date Where there has been no adjustment in accordance with sub-paragraph d) above and the cost of living allowance applicable to the next effective date is less than zero, the rates set out in Schedule "B" then in effect will be adjusted downward by such amount, and thereafter for the purposes of Clauses 32.0l(c) and 32.0l (d) the cost of living allowance for the quarter shall be deemed to be what it would have been if the cost of living allowance for the quarter preceding that quarter had been zero. j32.07 The cost ofl iving allowance payment for the quarter preceding the date of commencement of the Collective Agreement will be made for the amount of the cost of living allowance outstanding on September 15, 2014 (i.e., Forty Four (44¢)) The Cost of Living allowance will not exceed $0.50 over times the life of this agreementhours worked from July I, 2014 to September 1 5, 2014.

COST OF LIVING ALLOWANCE. (COLA) a) Effective on the first pay period on or after Nov 1, and quarterly thereafter during 17.01 During the term of this agreementAgreement, a cost of living allowance calculated as set forth in this section automatic wage adjustments shall be made. bmade upward and downward based upon changes in the official Consumer Price Index published by Statistics Canada (1992 = 100) The amount of cost of living adjustment (COLA) shall be determined in accordance with the in- creases or decreases in and hereinafter referred to as the Consumer Price Index, 2002 =100, hereafter referred to as . 17.02 Commencing the “2002 CPI.” c) In determining the three (3) month average first shift of the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Date of implementation Based upon the three month average of: 1st pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period first day beginning on or after May 1, 2018 the Cost-of-Living Allowance shall be $2.256 per hour. 17.03 Further cost-of-living adjustments will be made commencing the first shift of the first day after the effective date indicated in the following schedule and shall be one cent per hour for each 0.0736 increase in the official Consumer Price Index. The effective date of pay adjustment will be the Sunday of the work week in which the adjustment date falls. Effective date Of Adjustment Based on Consumer Price Index Change Between the Months of: June 1, 2018 January, 2018 and April, 2018 September 1, 2018 April, 2018 and July, 2018 December 1, 2018 July, 2018 and October, 2018 March 1, 2019 October, 2018 and January, 2019 2018 – 2021 JanTHK St. Catharines Hourly CLA Effective date Of Adjustment Based on Consumer Price Index Change Between the Months of: June 1, Feb2019 January, Mar 2021 1st pay period beginning on or after Aug 2019 and April, 2019 September 1, 2019 April, 2019 and July, 2019 December 1, 2019 July, 2019 and October, 2019 March 1, 2020 October, 2019 and January, 2020 June 1, 2020 January, 2020 and April, 2020 September 1, 2020 April, 2020 and July, 2020 December 1, 2020 July, 2020 and October, 2020 March 1, 2021 AprOctober, May2020 and January, Jun 2021 And so 2021 17.04 In the event that Statistics Canada does not issue the appropriate Consumer Price Index on at three (3) calendar month intervals thereafter. f) One cent ($0.01) or before the beginning of one of the payout periods referred to in 17.03 above, any adjustments in the cost of living allowance Cost-of-Living Allowance required by such appropriate Index shall be retroactive to the date it should have been paid. 17.05 Adjustments, retroactive or otherwise, shall be made payable for each 0.0954 change in the 2002 CPI. g) In the event Statistics Canada ceases monthly publication amount of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) No adjustments, retroactive or otherwise shall be made Cost-of-Living allowance due to any revision which may later be made in the published figures for the Index for any month on the basis of which the allowance shall have been determined. 17.06 The continuance of the Cost-of-Living Allowance shall be contingent upon the availability of the official monthly Statistics Canada CPIConsumer Price Index in the present form and calculated on the same basis as the Index published in May, 2018 unless otherwise agreed upon by the parties. i) 17.07 The Cost-of-Living Allowance provided for herein shall be paid to each employee for each hour worked. The amount of any COLA Cost-of-Living Allowance in effect at any the time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium holiday payments, call-in pay, call-back pay, reporting time pay, jury duty pay and bereavement pay. COLA adjustments will In the case of vacation pay, the Cost-of-Living Allowance in effect on June 30 of the vacation year shall be excluded from calculations pertaining to group welfare benefitsused in computing vacation pay. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. (COLA)24.01 The Cost-of-Living Allowance provided herein shall be paid weekly in the employee's regular pay for each hour worked. The amount of Cost-of-Living Allowance in effect at any given time shall be included in computing vacation pay, holiday pay, reporting for work allowance, bereavement pay, and jury duty. a) 24.02 Effective on the first beginning of the pay period commencing on or after Nov 1, and quarterly thereafter during the term ratification of this agreementAgreement, a cost of living allowance calculated as set forth in this section the COLA shall be madetwenty-four cents ($0.24) and shall remain in effect until September 6, 2020. b) The amount of cost of living adjustment (COLA) 24.03 Future adjustments in the Cost-of-Living Allowance shall be determined made on the dates contained in accordance 24.04 and shall be based upon the Canada Consumer Price Index (1992 =100); published by Statistics Canada, with the in- creases or decreases adjustment to be made based upon a one cent ($0.01) per hour increase for each .0736 change in the Consumer Price Index, 2002 =100, hereafter referred to as average index for the “2002 CPI.” c) appropriate three months. In determining the three (3) month average of the indexes for a the specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards.appropriate d) The COLA 24.04 Adjustments during the period of this Agreement shall be computed using the three (3) month average of the 2002 CPI for Apr, May, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be made on a quarterly basis at the following times: Effective Date Based on the Three-Month Average of implementation Based upon the three month of Adjustment: Consumer Price Index for the Months of: 24.05 The COLA base to be used for the September 7, 2020 COLA Adjustment is the average of: 1st pay period of the February, March and April 2020 Canadian Consumer Price Index (1992 = 100). 24.06 In the event that Statistics Canada does not issue the appropriate Indexes on or before the beginning on or after Nov 1one of the pay periods referred to in this Section, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafter. f) One cent ($0.01) any adjustments in the cost of living allowance Allowance required by such appropriate Indexes shall be made payable for each 0.0954 change in effective at the 2002 CPIbeginning of the first pay period after receipt of the Indexes. g) In the event Statistics Canada ceases monthly publication of the Consumer Price Index or changes the form or the basis of calculating the index, the parties agree to ask Statistics Canada to make available for the life of this agreement, a monthly index in its present form h) 24.07 No adjustments, adjustments retroactive or otherwise shall be made in the amount of the Cost-of-Living Allowance due to any revision which later may later be made in the published Statistics Canada CPIfigures used to determine the average Index for the month or months on the basis of which the allowance shall have been determined. i) The amount of any COLA in effect at any time shall not form part of an employee’s base rate and shall not be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefits. j) The Cost of Living allowance will not exceed $0.50 over the life of this agreement.

COST OF LIVING ALLOWANCE. 32.01 With regard to employees covered by this Agreement, effective February 1 1, 2017, zero (COLA)0) cents will be added to and become part of the occupational rate of each classification (except incentive base rates) in effect on the dated, leaving a four dollar & sixty-two cent ($4.62) float. (a) Effective on All employees in the first pay period on or after Nov 1, and quarterly thereafter during Bargaining Unit covered by this Agreement shall be subject to the term following cost of this agreement, a living formula determining the cost of living allowance calculated as set forth in this section shall be madebelow for all hours worked. (b) The amount of A table will be established outlining the Consumer Price Index Change. (a) First adjustment in cost of living allowance will be March 2017. The March 2017 adjustment (COLA) shall be determined in accordance with based on the in- creases or decreases in the Consumer Price Index, 2002 =100, hereafter referred to as the “2002 CPI.” c) In determining the amount of C.P.I. three (3) month average of for November and December 2016 and January 2017 exceeding the indexes for a specified period, the computed average shall be rounded to the nearest 0.1 index point (i.e. 0.05 and greater rounded upward and less than 0.05 rounded downwards. d) The COLA shall be computed using the C.P.I. three (3) month average of the 2002 CPI for AprAugust, MaySeptember and October 2016. Thereafter, and Jun 2020 as the base period. The current COLA amount of $2.56 will be rolled into the base wage. e) COLA adjustments will be based as provided for in Article 32.04 below. (b) Adjustments will be made in accordance with the 1992 C.P.I. .0736 = $0.01 32.04 Effective Date of Adjustment, First Pay Period on a quarterly basis or after: June 15, 2017, 2018 and 2019 September 15, 2017, 2018 and 2019 December 15, 2017 and 2018 March 15, 2017, 2018 and 2019 Based on Statistics Canada Consumer Price Index Average for the Following Three Months: February, March and April May, June and July August, September and October November, December and January 32.05 The amount of any cost of living allowance in effect at the following times: Date time shall be included in computing holiday pay, call-in pay, jury duty pay, bereavement pay and vacation pay. 32.06 In the event that Statistics Canada does not issue the appropriate Consumer Price Indexes on or before the beginning of implementation Based upon one of the three month average of: 1st pay periods referred to in Clause 32.03 and 32.04, an adjustment in the allowance required by such appropriate Index shall be effective at the beginning of the first pay period beginning on or after Nov 1, 2020 Jul, Aug, Sep 2020 1st pay period beginning on or after Feb 1, 2021 Oct, Nov, Dec 2020 1st pay period beginning on or after May 1, 2021 Jan, Feb, Mar 2021 1st pay period beginning on or after Aug 1, 2021 Apr, May, Jun 2021 And so on at three (3) calendar month intervals thereafterthe Index has been officially published. f) One cent ($0.01) adjustments 32.07 No adjustments, retroactive or otherwise, shall be made due to any revisions that may later be made in the published figures for the Statistics Canada Consumer Price Index for any month on the basis of which the allowance has been determined. 32.08 The continuance of the cost of living allowance shall be made payable for each 0.0954 change in contingent upon the 2002 CPI. g) In availability of the event official monthly indexes published by Statistics Canada ceases monthly publication of in their present form and calculated on the Consumer Price Index or same basis as the indexes for January, 2014 unless otherwise agreed upon by the parties. If such agency changes the form or the basis of calculating its Consumer Price Index, and such index is required to determine the indexCost of Living Allowance pursuant to the provisions of this Agreement, the parties agree to ask Statistics Canada request such agency to make available available, for the life of this agreementAgreement, a monthly index Consumer Price Index in its present form h) No adjustmentsform and calculated on the same basis as the index for February, retroactive or otherwise shall be made due to any revision which may later be made in the published 2014. If Statistics Canada CPI.cannot supply an index as above, the parties will meet to negotiate an equitable manner for consideration for the remaining C.0.L.A. i) The amount 32.09 Payment of any COLA in effect at any time shall not form part cost of an employee’s base rate and shall not living will be included in computing overtime or other premium pay. COLA adjustments will be excluded from calculations pertaining to group welfare benefitsthe employee's regular pay cheque in amounts as provided for in the foregoing determination. j32.10 Starting with the March 2017 COLA quarter, the Company will permanently retain one cent ($0.01) The Cost of Living allowance will not exceed per quarter until eleven cents ($0.50 over the life of this agreement0.11) is attained.