Common use of Department of Labor Clause in Contracts

Department of Labor. In the event that this Consumer Price Index shall be superseded or shall be published by a different agency, then the superseding index shall be substituted for this Consumer Price Index in such a manner as to implement the intent of this Agreement that the Executive's base salary shall be adjusted, beginning as of January 1, 2003, and Deferred Compensation shall be adjusted annually, beginning as of January 1, 2001, so that the purchasing power thereof shall be maintained at a level at least equivalent to the purchasing power thereof at the immediately preceding January 1.

Department of Labor. In the event that this Consumer Price Index shall be superseded or shall be published by a different agency, then the superseding index shall be substituted for this Consumer Price Index in such a manner as to implement the intent of this Agreement that the Executive's base salary shall be adjusted, beginning as of January 1, 20032004, and Deferred Compensation shall be adjusted annually, beginning as of January 1, 2001, so that the purchasing power thereof shall be maintained at a level at least equivalent to the purchasing power thereof at the immediately preceding January 1.