escalator clause

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Related to escalator clause: Graduated lease, index lease

escalator clause

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

(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`

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.

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Noun

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)

escalator

clause, article - a separate section of a legal document (as a statute or contract or will)

Translations

escalator clause

n → Gleitklausel 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

n → clausola di indicizzazione or di revisione

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

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References in periodicals archive ?

Father asks the court to reduce his current child-support obligation, which has increased by almost half due to an automatic escalator clause in the parties' Property and Support Separation Agreement.

Va. Cir.: Support modification not doomed by father's scant evidence

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.

No conflicts for Cubs' Chatwood

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.

The ABCs of Real Estate

* Returning veterans are entitled to their former positions, and USERRA's "escalator clause" requires they be placed in the position they would be in if they had not left for deployment.

What Missouri Hospitals need to know when veterans exchange fatigues for Scrubs

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.

Korea race threat

This proposal recommends that SCNA adopt a dues escalator clause as part of the SCNA Dues Policy.

South Carolina Nurses Association Annual Meeting preparations resolution committee report/Bylaws Committee report/Nomination Committee report

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.

Hill backs Silverstone to deliver F1 goods

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.

Hill: Silverstone to meet F1 challenge

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.

A tough ask but British GP now secure

No financial details were given but British newspaper The Times reported that the deal was worth 310 million pounds ($509.9 million) over the 17 years, including a 5 per cent annual escalator clause. Ecclestone, who once described the former World War Two airfield circuit as a country fair masquerading as a world event, has been a fierce critic over the years but said he too was satisfied.

Silverstone signs deal

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.