escalator clause


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Related to escalator clause: Graduated lease, index lease

escalator clause

n.
A provision in an agreement or regulation giving a party or beneficiary the benefit of an increase in payment, or an excuse from payment of an additional amount, where some specified change in financial conditions occurs, such as an increase in cost of living.

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

es′calator clause`


n.
a provision in a contract calling for adjustments, usu. increases, in charges, wages, or other payments, based on fluctuations in production costs, the cost of living, or other variables.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.escalator clause - 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)
clause, article - a separate section of a legal document (as a statute or contract or will)
Translations

escalator clause

nGleitklausel f

escalator clause

nclausola di indicizzazione or di revisione
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References in periodicals archive ?
The same issue arose in 2007 when then-Red Sox general manager Theo Epstein included a similarly worded escalator clause in Curt Schilling's contract -- eventually resulting in an agreement with the players union and Major League Baseball to ban such language in future contracts.
Escalator clause applies; Four Thousand (4,000) gallons, more of less, of unleaded regular gasoline.
Stop Clause: A provision in a lease whereby real estate tax increases imposed on the lessor are passed along to the lessee as additional rent; also referred to as an Escalator clause.
An escalator clause allows for a change in price when a factor (like an increase in commodity prices) that is out of the control of either party affects the product's value.
Park claims the fee was too high when originally negotiated, and a 10% escalator clause in the seven-year deal that runs through to 2016 is beyond their means.
This proposal recommends that SCNA adopt a dues escalator clause as part of the SCNA Dues Policy.
However, Ecclestone has taken a considerable financial hit on that figure, estimated to be at least pounds 60million, as he has been talked down from an original seven per cent escalator clause on the initial pounds 12m starting fee.
However, Ecclestone has taken a considerable financial hit on that figure, estimated to be at least pounds 60m, as he has been talked down from an original seven per cent escalator clause on the initial pounds 12m starting fee.
However, Ecclestone has taken a considerable financial hit on that figure, estimated to be at least pounds 60m, talked down from an original seven per cent escalator clause on the pounds 12m starting fee.
9 million) over the 17 years, including a 5 per cent annual escalator clause.
The current possibilities include a six-year term, a $100,000 Capital Grant to be paid in two installments, annual PEG support of 25 percent with a 3 percent escalator clause and a senior/handicapped discount of 10 percent off of basic-tier services.
A rent escalator clause in the lease made it advantageous to buy the property in 1997, the only purchase period permitted.