Common use of Escalation Clause Clause in Contracts

Escalation Clause. The Settlement was reached based on a total number of approximately 16,905 workweeks. If the number of workweeks as of the end date of the Class Period, December 31, 2022, exceeds this number by more than ten percent (10%), or exceeds 18,596 workweeks, Defendant shall increase the Gross Settlement Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 18,596 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%).

Escalation Clause. The Defendant estimates that the Class consists of 83,341 workweeks, and this Settlement was reached based on a total number of approximately 16,905 83,341 workweeks. If Should the number of workweeks as of the end date of the Class Period, December 31, 2022, exceeds this number increase by more than ten percent (10%)) by December 31, or exceeds 18,596 workweeks2021, Defendant shall this will increase the Gross Settlement Fund on a pro rata basis according to the number of additional compensable workweeks Amount proportionally over the ten percent (10%) increase, or over 18,596 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%).

Escalation Clause. The Settlement was reached based on a total number of approximately 16,905 78,296 workweeks. If the number of workweeks as of the end date of the Class Period, December 31April 29, 2022, exceeds this number by more than ten percent (10%), or exceeds 18,596 86,126 workweeks, Defendant shall increase the Gross Settlement Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 18,596 86,126 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%).

Escalation Clause. The Settlement was reached based on a total number of approximately 16,905 40,000 workweeks. If the number of workweeks as of the end date of the Class Period, December 31November 23, 2022, exceeds this number by more than ten percent (10%), or exceeds 18,596 44,000 workweeks, Defendant shall increase the Gross Settlement Fund on a pro rata basis according to the number of additional compensable workweeks over the ten percent (10%) increase, or over 18,596 44,000 workweeks. For example, if the number of workweeks increases by eleven percent (11%), the Gross Settlement Amount will increase by one percent (1%). Likewise, if the number of workweeks increases by twelve percent (12%), the Gross Settlement Amount will increase by two percent (2%).