escalator clause
- n 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 :
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- George gets max extension
The Indiana Pacers signed Paul George to a five-year max contract extension that guarantees him between $80 million and $90 million and could be worth even more if George reaches an escalator clause.
Sept. 26, 2013 - Seattle Times