escalator clause :

Search Words
You can search or browse for words

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)
News & Articles

  • 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

Bee Dictionary: Search, browse, look at common errors, idioms and more.