escalator clause

(redirected from escalator clauses)
Also found in: Thesaurus, Legal, Financial.

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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

escalator clause

nGleitklausel f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

escalator clause

nclausola di indicizzazione or di revisione
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
Mentioned in ?
References in periodicals archive ?
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. Do you really want to commit to the program manager, the CEO, or worse, the market, with a number that guarantees a loss of profit (bid too low) or a loss of sales (bid too high)?
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).
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.