Annual Adjustment Process Sample Clauses

Annual Adjustment Process. The Maximum Rates shall be adjusted annually, with CCCSWA Board approval, commencing March 1, 2016 through the remaining Term of this Agreement including any extension periods. The adjustments to Maximum Rates shall be determined using one of two methodologies: (1) an index‐based adjustment, or (2) cost‐based adjustment. The index‐based adjustment, which is described in Exhibit D, involves use of various cost adjustment factors (such as the percentage change in the consumer price index and percentage change in the Approved Facilities’ Tipping Fees) to calculate adjusted Maximum Rates. The cost‐based adjustment, which is described in Exhibit E, involves a detailed review of the Contractor’s actual costs of service and determination of adjusted Maximum Rates to reflect Contractor’s projected costs. The cost‐based adjustment process will only be used to determine Maximum Rates for Rate Years Three, Six, and Nine. The following table specifies when the two adjustment methods shall be used. {Remainder of page intentionally blank} 3129 Rate Year Commencement Date of Rate Year Adjustment Method Used to Determine Maximum Rates for the Rate Year Rate Year Commencement Date of Rate Year Adjustment Method Used to Determine Maximum Rates for the Rate Year 1 March 1, 2015 Not Applicable; Rates specified in Exhibit M* 3130 3131 3132 3133 3134 3135 3136 3137 3138 3139 2 March 1, 2016 Index‐Based 3 March 1, 2017 Cost‐Based 4 March 1, 2018 Index‐Based 5 March 1, 2019 Index‐Based 6 March 1, 2020 Cost‐Based 7 March 1, 2021 Index‐Based 8 March 1, 2022 Index‐Based 9 March 1, 2023 Cost‐Based 10 March 1, 2024 Index‐Based 11** March 1, 2025 Index‐Based 12** March 1, 2026 Index‐Based * Rate Year One Rates to be developed based on Contractor’s Cost Proposal in Exhibit N. **Applicable only if the Term is extended pursuant to Section 4.1.
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Annual Adjustment Process. The Maximum Rates shall be adjusted annually, with CCCSWA Board approval, commencing March 1, 2016 through the remaining Term of this Agreement including any extension periods. The adjustments to Maximum Rates shall be determined using one of two methodologies: (1) an index‐based adjustment, or (2) cost‐based adjustment. The index‐based adjustment, which is described in Exhibit D, involves use of various cost adjustment factors (such as the percentage change in the consumer price index and percentage change in the Approved Processing Facilities Tipping Fees) to calculate adjusted Maximum Rates. The cost‐based adjustment, which is described in Exhibit E, involves a detailed review of the Contractor’s actual costs of service and determination of adjusted Maximum Rates to reflect Contractor’s projected costs. The cost‐based adjustment process will only be used to determine Rates for Rate Years Three, Six, and Nine. The following table specifies when the two adjustment methods shall be used. 2601 Rate Year Commencement Date of Rate Year Adjustment Method Used to Determine Maximum Rates for the Rate Year 2602 2603 2604 2605 2606 2607
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Annual Adjustment Process. Definitions
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Related to Annual Adjustment Process

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Adjustment Plan (A) If the Employer introduces or intends to introduce a measure, policy, practice or change that affects the terms, conditions or security of employment of a significant number of employees by classification to whom the Collective Agreement applies;

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Contract Term Adjustment “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $99,000.00, plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement. Waivers:

  • Supervisory Differential Adjustment 99. The Appointing Officer may adjust the compensation of a supervisory employee whose schedule of compensation is set herein subject to the following conditions:

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

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