a clause in a contract that provides for an increase or a decrease in wages or prices or benefits etc. depending on certain conditions (as a change in the cost of living index)
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Examples of escalator clause
escalator clause
Business groups seek to remove that escalator clause.
From the stltoday.com
Also, any escalator clause based on the consumer price index would be forestalled under the agreement.
From the omaha.com
By appearing in 15 games last season, Harris triggered an escalator clause to earn an additional $1 million.
From the washingtonpost.com
Because of an escalator clause in his contract, his base salary for 2008 has increased from $520,000 to $927,000.
From the jsonline.com
The district's three contracts for bus transportation for its elementary age students do not include a fuel escalator clause.
From the news.enquirer.com
On top of that, the Amalgamated demands an escalator clause that would raise wages further as the cost of living increases.
From the time.com
The mood changed when the prime minister doubled his initial offer of new funds and included an escalator clause guaranteeing an annual 6% increase.
From the economist.com
Monument offered $60 million but included an escalator clause stipulating that the company would pay $250,000 more than any higher offer.
From the washingtonpost.com
That settlement included an increase in wages and benefits amounting to about 31% over three years, plus an escalator clause tied to the cost of living.
From the time.com
