Section 5. Cost of Living Adjustment

A. Index — The Bay Area Consumer Price Index for Urban Wage Earners and Clerical Workers shall be the sole basis for cost-of-living adjustments.

B. Adjustment — On July 1 of each year, all employees shall receive an adjustment to their hourly wage or salary equal to the change in the index calculated for the preceding year, based on the latest available figures. The adjustment made in any year shall not exceed ten percent. In no case shall the adjustment be negative. Section 6. Holidays