Common use of Monetary Adjustments Clause in Contracts

Monetary Adjustments. The Parties agree to the following Monetary Adjustments: March 01, 2002 (retroactive) $0.25/hour increase to wages February 28, 2007 (retroactive) $0.30/hour increase to Health & Welfare Fund March 01, 2003 $0.55 per hour increase to wages March 01, 2004 $0.55 per hour increase to wages March 01, 2005 $0.50 per hour to be determined March 01, 2005 $0.05 per hour to Health & Welfare Fund • The Union shall advise the Companies no later than January 31st of each year of the decision of the membership relative to the monetary allocation. SCHEDULE OF EMPLOYER CONTRIBUTIONS (Year) 2002 2003 2004 *2005 Health & Welfare $2.10 $2.10 $2.10 $2.15 Pension $2.05 $2.05 $2.05 *$2.05 App. Trade & Promo Fund $0.135 $0.135 $0.135 $0.135 Tool Allowance $0.05 $0.05 $0.05 $0.05 Rehab Plan $0.02 $0.02 $0.02 $0.02 **Union Check-off $0.70 $0.70 $0.70 $0.70 *To be reviewed. ** Employee Deduction ADDENDUM # 2 BETWEEN‌ (CA 70%) 01 - 06 months = $16.37/hour + $0.75/hour metro travel = $17.12 per hour (CA 75%) 07 - 12 months = $17.54/hour + $0.75/hour metro travel = $18.29 per hour (CA 80%) 13 - 18 months = $18.70/hour + $0.75/hour metro travel = $19.45 per hour (CA 85%) 19 - 24 months = $19.87/hour + $0.75/hour metro travel = $20.62 per hour (CA 90%) 25 - 30 months = $21.04/hour + $0.75/hour metro travel = $21.79 per hour (CA 95%) 31 - 36 months = $22.21/hour + $0.75/hour metro travel = $22.96 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.19/hour + $0.75/hour metro travel = $26.94 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $28.82/hour + $0.75/hour metro travel = $29.57 per hour (CA 70%) 01 - 06 months = $16.54/hour + $0.75/hour metro travel = $17.29 per hour (CA 75%) 07 - 12 months = $17.72/hour + $0.75/hour metro travel = $18.47 per hour (CA 80%) 13 - 18 months = $18.90/hour + $0.75/hour metro travel = $19.65 per hour (CA 85%) 19 - 24 months = $20.09/hour + $0.75/hour metro travel = $20.84 per hour (CA 90%) 25 - 30 months = $21.27/hour + $0.75/hour metro travel = $22.02 per hour (CA 95%) 31 - 36 months = $22.45/hour + $0.75/hour metro travel = $23.20 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.47/hour + $0.75/hour metro travel = $27.22 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $29.121/hour + $0.75/hour metro travel = $29.85 per hour (CA 70%) 01 - 06 months = $16.93/hour + $0.75/hour metro travel = $17.68 per hour (CA 75%) 07 - 12 months = $18.14/hour + $0.75/hour metro travel = $18.89 per hour (CA 80%) 13 - 18 months = $19.34/hour + $0.75/hour metro travel = $20.09 per hour (CA 85%) 19 - 24 months = $20.55/hour + $0.75/hour metro travel = $21.30 per hour (CA 90%) 25 - 30 months = $21.76/hour + $0.75/hour metro travel = $22.51 per hour (CA 95%) 31 - 36 months = $22.97/hour + $0.75/hour metro travel = $23.72 per hour (CM 112%) ▇▇▇▇▇▇▇ = $27.08/hour + $0.75/hour metro travel = $27.83 per hour (CM 116%) General ▇▇▇▇▇▇▇ = *$29.80/hour + $0.75/hour metro travel = $28.84 per hour (CA 70%) 01 - 06 months = $17.31/hour + $0.75/hour metro travel = $18.06 per hour (CA 75%) 07 - 12 months = $18.55/hour + $0.75/hour metro travel = $19.30 per hour (CA 80%) 13 - 18 months = $19.78/hour + $0.75/hour metro travel = $20.53 per hour (CA 85%) 19 - 24 months = $21.02/hour + $0.75/hour metro travel = $21.77 per hour (CA 90%) 25 - 30 months = $22.26/hour + $0.75/hour metro travel = $23.01 per hour (CA 95%) 31 - 36 months = $23.49/hour + $0.75/hour metro travel = $24.24 per hour (CM 112%) ▇▇▇▇▇▇▇ = $27.70/hour + $0.75/hour metro travel = $28.45 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $30.48/hour + $0.75/hour metro travel = $31.23 per hour • Monetary Adjustments:

Monetary Adjustments. The Parties agree to the following Monetary Adjustmentsmonetary adjustments: Effective Date: Negotiated Increase: March 01, 2002 (retroactive) $0.25/hour increase to wages February 28, 2007 2003 (retroactive) $0.30/hour increase to Health & Welfare Fund March 01, 2003 $0.55 per hour increase to wages March 01, 2004 $0.55 per hour increase to wages March 01, 2005 $0.50 per hour to be determined March 01, 2005 $0.05 per hour to Health & Welfare Fund • The Union shall advise the Companies no later than January 31st of each year of the decision of the membership relative to the monetary allocation. SCHEDULE OF EMPLOYER CONTRIBUTIONS (Year) 2002 2003 2004 *2005 Health & Welfare $2.10 $2.10 $2.10 $2.15 Pension $2.05 $2.05 $2.05 *$2.05 App. Trade & Promo Fund $0.135 $0.135 $0.135 $0.135 Tool Allowance $0.05 $0.05 $0.05 $0.05 Rehab Plan $0.02 $0.02 $0.02 $0.02 **Union Check-off $0.70 $0.70 $0.70 $0.70 *To be reviewed. ** Employee Deduction ADDENDUM # 2 1 BETWEEN‌ (CA 70%) 01 - 06 months = $16.37/hour + $0.75/hour metro travel = $17.12 per hour (CA 75%) 07 - 12 months = $17.54/hour + $0.75/hour metro travel = $18.29 per hour (CA 80%) 13 - 18 months = $18.70/hour + $0.75/hour metro travel = $19.45 per hour (CA 85%) 19 - 24 months = $19.87/hour + $0.75/hour metro travel = $20.62 per hour (CA 90%) 25 - 30 months = $21.04/hour + $0.75/hour metro travel = $21.79 per hour (CA 95%) 31 - 36 months = $22.21/hour + $0.75/hour metro travel = $22.96 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.19/hour + $0.75/hour metro travel = $26.94 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $28.82/hour + $0.75/hour metro travel = $29.57 per hour (CA 70%) 01 - 06 months = $16.54/hour + $0.75/hour metro travel = $17.29 per hour (CA 75%) 07 - 12 months = $17.72/hour + $0.75/hour metro travel = $18.47 per hour (CA 80%) 13 - 18 months = $18.90/hour + $0.75/hour metro travel = $19.65 per hour (CA 85%) 19 - 24 months = $20.09/hour + $0.75/hour metro travel = $20.84 per hour (CA 90%) 25 - 30 months = $21.27/hour + $0.75/hour metro travel = $22.02 per hour (CA 95%) 31 - 36 months = $22.45/hour + $0.75/hour metro travel = $23.20 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.47/hour + $0.75/hour metro travel = $27.22 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $29.121/hour + $0.75/hour metro travel = $29.85 per hour (CA 70%) 01 - 06 months = $16.93/hour + $0.75/hour metro travel = $17.68 per hour (CA 75%) 07 - 12 months = $18.14/hour + $0.75/hour metro travel = $18.89 per hour (CA 80%) 13 - 18 months = $19.34/hour + $0.75/hour metro travel = $20.09 per hour (CA 85%) 19 - 24 months = $20.55/hour + $0.75/hour metro travel = $21.30 per hour (CA 90%) 25 - 30 months = $21.76/hour + $0.75/hour metro travel = $22.51 per hour (CA 95%) 31 - 36 months = $22.97/hour + $0.75/hour metro travel = $23.72 per hour (CM 112%) ▇▇▇▇▇▇▇ = $27.08/hour + $0.75/hour metro travel = $27.83 per hour (CM 116%) General ▇▇▇▇▇▇▇ = *$29.80/hour + $0.75/hour metro travel = $28.84 per hour (CA 70%) 01 - 06 months = $17.31/hour + $0.75/hour metro travel = $18.06 per hour (CA 75%) 07 - 12 months = $18.55/hour + $0.75/hour metro travel = $19.30 per hour (CA 80%) 13 - 18 months = $19.78/hour + $0.75/hour metro travel = $20.53 per hour (CA 85%) 19 - 24 months = $21.02/hour + $0.75/hour metro travel = $21.77 per hour (CA 90%) 25 - 30 months = $22.26/hour + $0.75/hour metro travel = $23.01 per hour (CA 95%) 31 - 36 months = $23.49/hour + $0.75/hour metro travel = $24.24 per hour (CM 112%) ▇▇▇▇▇▇▇ = $27.70/hour + $0.75/hour metro travel = $28.45 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $30.48/hour + $0.75/hour metro travel = $31.23 per hour • Monetary Adjustments: