Improvement Factor definition
Examples of Improvement Factor in a sentence
Wages will be increased by a percentage equal to the Annual Adjustment (equal to the sum of the Base Adjustment and the Improvement Factor) plus or minus any Extraordinary Adjustment (see Table 1, below).
Section 14.2 The Annual Improvement Factor provided for in this Section recognizes that a continuing improvement in the standard of living of employees depends upon technological progress, better tools, methods, processes and equipment and a cooperative attitude on the part of all parties in such progress.
The sum of the Terminal and Concourse Maintenance Factor, the respective Concourse Improvement Factors, any Airline Constructed Space Improvement Factor and the Parking Improvement Factor shall be the average rental rate for each Concourse and any Airline Constructed Space.
Improvement Factor The annual improvement Factor provided for herein recognizes that a continued improve- ment in the standard of living for employees depends upon technological progress, better tools, equipment, methods, processes and a cooperative attitude on the part of all parties in such progress.