Common use of Allowable Increases Clause in Contracts

Allowable Increases. 3.4.1.1 At the Director’s sole discretion, the Billing Rates set forth in Exhibit “B” are subject to a possible increase not to exceed 4% of the Billing Rate for the previous contract year for actual salary increases which shall include cost of living adjustments. Upon the Director’s written approval, the revised Billing Rate(s) will automictically become part of Exhibit “B”.

Allowable Increases. 3.4.1.1 At the Director’s sole discretion, the Billing Rates set forth in Exhibit “B” are subject to a possible increase not to exceed 4% of the Billing Rate for the previous contract year for actual salary increases which shall include cost of living adjustments. Upon the Director’s written approval, the revised Billing Rate(s) will automictically become part of Exhibit “B”. An increase to any Billing Rate may only occur once per contract year. Any increase to Billing Rates will not take effect on any existing LOA but shall take effect on any LOA issued after the increased Billing Rate has been approved by the Director.