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escalator clause |
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Escalator clause Provision in a contract allowing cost increases to be passed on. In an employment contract, for example an escalator clause may call for wage increases in line with inflation. escalator clause See escalation clause. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Escalation clauses, which were intended to keep a rental rate current with inflation and market increases, were a significant cause of the most current trend of having no CPI escalation. contracts contain annual price escalation clauses, instead of de-escalation guarantees or targets; and in their contracts with oil companies the price escalation clauses are benchmarked to indexes that we [ucg] generate. |
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