Labor Adjustor System Clause Samples
The Labor Adjustor System clause establishes a mechanism for adjusting contract pricing or timelines in response to changes in labor costs or labor market conditions. Typically, this clause outlines how labor cost fluctuations—such as wage increases, changes in labor laws, or union agreements—will be measured and how corresponding adjustments will be calculated and applied to the contract. Its core practical function is to ensure that both parties are protected from unforeseen labor cost changes, thereby allocating risk fairly and maintaining the economic balance of the contract.
Labor Adjustor System. After October 1, 2018, Management and the ILA will set up a labor adjustor system to hear and resolve Master Contract jurisdictional disputes within thirty
Labor Adjustor System. After October 1, 2004, Management and the ▇▇▇ will set up a labor adjustor system to hear and resolve Master Contract jurisdictional disputes within thirty (30) days of the dispute being presented. Part of this system will permit the labor adjustors, on an as-needed basis, to use an independent third party to perform fact-finding whenever the labor adjustors agree that such action is necessary.
Labor Adjustor System. After October 1, 2004, Management and the ILA will set up a labor adjustor system to hear and resolve Master Contract jurisdictional disputes within thirty (30) days of the dispute being presented. Part of this system will permit the labor adjustors, on an as-needed basis, to use an independent third party to perform fact-finding whenever the labor adjustors agree that such action is necessary.