Parent Clauses Compensation Compensation and Benefits Classifications and Remuneration Salary Escalation. The board of directors or the designated compensation committee shall conduct an annual review to determine whether an increase in salary is appropriate based on Employer's results of operations, ...
escalator clause n (Industrial Relations & HR Terms) a clause in a contract stipulating an adjustment in wages, prices, etc, in the event of specified changes in conditions, such as a large rise in the cost of living or price of raw materials ...
单词 escalation clause 释义 escalation clause Definitions 1. Construction: Provision in a contract for increasing or decreasing the contracted price for labor, material, etc., in step with the market prices or an agreed upon benchmark such as consumer price index (CPI). 2. Leasing: Provision ...
In completing the escalation clause, members are recommended to list the specific building material, along with its current price per appropriate unit of measurement, as of a certain date and with the name and address of the supplier. It is inferred that including the clause in the contract is...
Emergency means any circumstance or situation that causes normal computer operations to become unavailable for use in performing the work required under this Agreement for more than twenty-four (24) hours. Most Referenced Clauses Confidentiality Force Majeure Indemnity Intellectual Property Ownership Mutual...
What is an escalation clause? How to create an escalation procedure Whether you’re drawing up a business plan or signing a contract, don’t underestimate the impact of rising prices. Over time, inflation will reduce your purchasing power due to consistent rise in prices without the productivity...
One effective technique for offering more is known as an escalation clause. When making an offer on a home, agreeing to pay add additional amount in specific increments to a price up to a maximum price. This can help a buyer make an offer that is fair, without offering too much higher...
fixed price contract – a contract in which the contractor agrees to a fixed contract price, or a fixed rate per unit of output, which in some cases is subject to cost escalation clauses; 固定价格合同——是指一种合同,承包商在合同中同意采用固定的合同价格,或单位产出的固定费率,但有时受到费...
specific financing structure for large-sized oil companies. Besides, the risks that financing banks face, such as pricing risk, inventory risk, LC price escalation clause risk and Letter of Indemnity etc, as well as the applied mitigations of those risks are systematically analyzed in the article...
Advantages of an escalation clause in a contract with the CPI include allowing for automatic wage adjustments for inflation; promoting stability and fairness in the employment relationship, especially during economic fluctuation; and incentivizing employers to maintain productivity by clearly linking eco...