Adjustment of Contributions. If, during the terms of this Agreement, the Union and the Association mutually agree to a change in the Employer’s contributions to the above-mentioned Funds, the Employee’s total compensation package shall be adjusted accordingly.
Adjustment of Contributions. If, during the terms of this Agreement, the Union and the Association mutually agree to a change in the Employer’s contributions to the above-mentioned Funds, the Employee’s total compensation package shall be adjusted accordingly. During the term of this Agreement, any increases to the Pension fund contribution that are required by a Pension Fund Rehabilitation Plan as presently written or as adopted or modified during the term of this Agreement will be allocated from within the schedule of wages contained in this Agreement.
Adjustment of Contributions. It is understood, unless otherwise specified, that during the lifetime of this Agreement if there is any increase in the Employers’ hourly contributions for any fringe benefit, the Employee’s hourly rate will be adjusted accordingly. Any and all increases will be distributed first to the Pension Fund and second to the Health Care Fund as required by their respective Board of Trustees.
Adjustment of Contributions. (a) Promptly following the Closing Date, but in no event later than 90 days after the Closing Date, each Member shall, at its expense and with the assistance of the Company, prepare and submit to the Company and the other Member a statement setting forth, in reasonable detail, such Member’s calculation of the Net Working Capital of its ELV Business as of the close of business on the day prior to the Closing Date (as to each Member, its “Proposed Adjusted Net Working Capital Amount”). In the event a Member disputes the correctness of the other Member’s Proposed Adjusted Net Working Capital Amount, such Member shall notify the other Member in writing of its objections within 60 days after receipt of the other Member’s calculation of its Proposed Adjusted Net Working Capital Amount and shall set forth, in writing and in reasonable detail, the reasons for its objections. To be assertable, an objection by a Member with respect to any individual item in respect of the other Member’s Proposed Adjusted Net Working Capital Amount must be in an amount equal to or greater than $25,000 (it being understood that, for purposes of clarification and not by way of limitation, a method of valuation or the application of an accounting principle used in the preparation of a Member’s Proposed Adjusted Net Working Capital Amount each shall be deemed a separate “item” for purposes of this Section 3.04(a)) and assert that the item was not prepared in accordance with Section 3.04(b). To the extent a Member does not so object, in writing and in reasonable detail as required and within the time period contemplated by this Section 3.04(a), each of the Members shall be deemed to have accepted the other Member’s calculation and presentation in respect of the matters not subject to objection and such matters shall not be considered to be in dispute. The Members shall endeavor in good faith to resolve any disputed matters within 60 days after the date on which the last notice of objections was delivered to a Member. If the Members are unable to resolve the disputed matters, the Members shall engage a nationally known independent accounting firm (the “Unaffiliated Firm”), other than Ernst & Young LLP or Deloitte & Touche LLP, to resolve the matters in dispute (in accordance with Section 3.04(b) and consistent, to the extent possible, with any matters not in dispute). The Members shall jointly engage the Unaffiliated Firm. Promptly after such engagement of the Unaffiliated Firm, the Member...
Adjustment of Contributions. During the course of each fiscal year covered by this JPA, the Board shall review and determine whether contribution rates should be adjusted to reflect substantial changes in anticipated costs or other unforeseen events occurring after the commencement of the fiscal year. In the event the Board determines that an immediate change in contribution rates is required, the Board shall provide at least sixty (60) days’ notice to Agencies before such a change in contribution rate is affected.
Adjustment of Contributions. Negotiated wage increases will be allocated first to satisfy any required Pension Fund contribution increase. If during the life of this Agreement the Union and the Association agree to a change in the Employer’s contributions to the above-mentioned Funds, the Employee’s hourly rate shall be adjusted accordingly
Adjustment of Contributions. The parties agree that sufficient funds will be made available to the Pension Fund to support any rehabilitation/funding improvement schedule adopted by the Pension Fund Board of Trustees pursuant to the Pension Protection Act (PPA).
Adjustment of Contributions. During the course of each fiscal year covered by this Agreement, the Board shall review and determine whether contribution rates should be adjusted to reflect substantial changes in anticipated costs or other unforeseen events occurring after the commencement of the fiscal year. In the event the Board determines that an immediate change in contribution rates is required, the Board shall provide at least sixty days notice to Members before such change in contribution rate is effected.
Adjustment of Contributions. (a) If, during the life of this Agreement, the Union and the Association agree to a change in the Employer's contributions to the above-mentioned Funds, the employee's hourly rate shall be adjusted accordingly.
(b) In the event that any of the Trust Funds, except the Construction Industry Advancement Program, referred to herein shall cease to exist, then the amount of the contribution shall be included in the rate of pay of the employee.
