escalator clause

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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 ?
Unless specifically required to be identified on the Bid Form, Bids containing escalator clauses may be rejected by the College at the College s sole and absolute discretion.
These actions included increasing retainer fees or a la carte activity fees, hiking minimum annual fees on clients with smaller accounts and adding automatic fee escalator clauses to client agreements.
Some contract assemblers could provide a working number within a few days, but it would come with a list of caveats and unknowns and escalator clauses.
The strategy continues to work, particularly as the sport's key contracts contain escalator clauses which increase the amount paid by sponsors by up to 10% each year.
What it says about the cost of things helps regulate what things cost -- from union contracts, to escalator clauses in child-support settlements, to Social Security checks, to brackets on the personal-income tax, not to mention payouts on bonds known as TIPS (Treasury Inflation-Protected Securities).
The Rangers were the first to hit the ground running through a 20-year deal with Fox Sports Southwest valued at $3 billion that includes equity in the network, escalator clauses and profit participation.
One option for sharing commodity price risk with customers and/or suppliers is to insert escalator clauses in the contract that distribute the price risk between the two firms.
PCA estimates that since 2006, escalator clauses have cost states $1.