No guaranteed increase Sample Clauses
The "No guaranteed increase" clause establishes that there is no obligation for one party to provide automatic or assured increases in payments, fees, or other financial terms over time. In practice, this means that even if a contract is renewed or extended, the amounts payable remain subject to negotiation or remain fixed, rather than increasing by default each year or period. This clause serves to prevent assumptions of automatic escalation, ensuring that any changes to financial terms must be explicitly agreed upon, thereby protecting parties from unexpected or unplanned cost increases.
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No guaranteed increase. No Employee has been promised or is accustomed to receiving any guaranteed increase in basic salary or other benefits and there is no agreement with any Employee to increase his or her basic salary or any other benefits at a date in the future.
No guaranteed increase. Other than under the Irish National Social Partnership Agreement, Sustaining Progress, no Employee has been promised any guaranteed increase in basic salary or other benefits and there is no agreement with any Employee to increase his or her basic salary or any other benefits at a date in the future.
No guaranteed increase. No Transferring Employee has been promised or is accustomed to receiving any guaranteed increase in basic salary or other benefits and there is no agreement with any Transferring Employee to increase his or her basic salary or any other benefits at a date in the future.