A back-loaded contract provides a lower wage adjustment in the first year with higher increases in later years of a multiyear contract.

Name: A back-loaded contract provides a lower wage adjustment in the first year with higher increases in later years of a multiyear contract.
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A back-loaded contract defers a larger portion of the salary increase until later years, resulting in a smaller increase in the initial year of the contract.

A Back-Loaded Contract Provides a Lower Wage Adjustment in the First