Common use of Adjustment of Budget Tier After Audit Clause in Contracts

Adjustment of Budget Tier After Audit. In event that the audit reveals that the Company exceeded the declared Budget, the Employees shall be paid retroactively for all hours worked at the next applicable wage and fringe tier plus an additional 5% of their gross earnings. In the event of unanticipated circumstances which are the cause of a budget overage, such as standard force majeure situations, the above penalties for such budget overages shall not apply.

Adjustment of Budget Tier After Audit. In the event that the an audit reveals that the Company exceeded the declared BudgetBudget Tier, the Employees shall be paid retroactively for all hours worked at the next applicable wage and fringe tier plus an additional 5% of their gross earnings. In the event of unanticipated circumstances which are the cause of a budget declared Budget Tier overage, such as standard force majeure situations, the above penalties for such budget overages adjustment contemplated in this Article shall not apply.

Adjustment of Budget Tier After Audit. In the event that the audit reveals that the Company exceeded the declared Budget, the Employees shall be paid retroactively for all hours worked at the next applicable wage and fringe tier plus an additional 5% of their gross earnings. In the event of unanticipated circumstances which are the cause of a budget overage, such as standard force majeure situations, the above penalties for such budget overages shall not apply.