The principles set forth in the Code shall apply to all Licensees. Licensees are required to adhere to the Code by July 1, 1999. Upon execution and renewal of the License Agreement and upon the selection of any new manufacturing facility which produces Licensed Articles, the company names, contacts, addresses, phone numbers, e-mail addresses and nature of the business association for all such facilities which produce Licensed Articles will be disclosed to Virginia Tech, in addition this information will be made available to the public. Licensees agree to operate work places and contract with companies whose work places adhere to the standards and practices described below. Virginia Tech prefers that Licensees exceed these standards.
Licensees recognize that wages are essential to meeting employees' basic needs.
Presently, there is no accepted standardized formula for a living wage. Virginia Tech will seek to adopt a standard to ensure that workers are paid a wage that meets basic needs. Currently, research is being conducted to concretize a living wage standard. Particularly, UW-Madison shall convene a symposium and sponsor institutionally funded research to determine living wage requirements. Virginia Tech will evaluate the research findings and if acceptable, incorporate them into the Code of Conduct.