Common use of COST-OF-LIVING BONUS Clause in Contracts

COST-OF-LIVING BONUS. a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent during each year that this contract is in effect. For each 0.4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent figure, wages will be increased by $0.01.

COST-OF-LIVING BONUS. (a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent % during each year that this contract is in effect. For each 0.4 .4 increase in the Consumer Price Index for Canada (1992=100) beyond the six (6) percent % figure, wages will be increased by $0.01.

COST-OF-LIVING BONUS. (a) A triggered C.O.L.A. will be implemented if the inflation rate exceeds six (6) percent % during each year that this contract is in effect. For each 0.4 .4 increase in the Consumer Price Index for Canada (1992=1001992 =100) beyond the six (6) percent % figure, wages will be increased by $0.01.