escalation clause
noun[C]
COMMERCE,LAWukus→escalator clause
Examplesofescalation clause
escalation clause
In the private sector most private pension schemes have anescalationclauseto account for inflation.
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What is the basis of theescalationclause?
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These increased costs, which are in any event low because the import content is small, are, to a large extent, covered by theescalationclause.
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Theescalationclauseapplies to the expenditure of the contractor.
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If this is not the case and theescalationclausedoes not allow for the full cost, who will pay it?
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My second suggestion was to fix a maximum inflationescalationclauseof 3·5 per cent. in the public sector, but that would cost a great deal.
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The area board is not prepared to offer a long-term contract based upon anescalationclausein respect of the price of gas, although it is a gas turbine scheme.
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Annual escalation clauses in employment contracts can specify retroactive or future percentage increases in worker pay which are not tied to any index.
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This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Will adequate labour and material cost escalation clauses be included in the new contract?
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What about the salaried workers in many of the large industries who have built-in escalation clauses for yearly increases?
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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- put something out of its misery
- put something out of joint
- random coefficients
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- random distribution
- random draw
- random effect
- random-effect
- random encounter
- randomer
- random error
- random-error
- random event
- random forest
- random generation
- random graph
- randomization
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- randomized
- randomized block design
- randomized control
- randomized experiment
- randomized study