Annual Indexation Sample Clauses

The Annual Indexation clause establishes a mechanism for adjusting certain contractual amounts, such as fees or rent, on a yearly basis in line with a specified economic index, often to account for inflation. Typically, this clause details which index will be used (such as the Consumer Price Index), the timing of adjustments, and the method for calculating the new amount each year. Its core practical function is to ensure that the value of payments remains consistent in real terms over time, protecting both parties from the effects of inflation and maintaining fairness throughout the contract's duration.
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Annual Indexation. The Base Tariff will escalate on an annual basis, from the Commercial Operation Date, 100% in accordance with the Consumer Price Index (CPI) as published by the Namibian Statistic Agency, according to the following formula: Indexed Tariff = AIT(pM) * CPI (last published)/CPI (published a year before)
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Annual Indexation. For all agreements with a term greater than 12 months, or a month-to-month agreement not terminated within 12 months, the indexation applied is 4.7%. The indexation rate applied is based on the current indexation rate at the time of it being applied (not at the time of signing the agreement). Please speak to your Community Team at any time to request the current indexation rate.
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Annual Indexation. For all agreements with a term greater than 12 months, the indexation applied is 8.2%.
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Annual Indexation. For all agreements with a term greater than 12 months, the indexation applied of the All Items Retail Prices Index will be substituted by CPI or 4% whichever is the greater
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Annual Indexation. On each indexation date we will calculate the base rent again and after each indexation date, you will pay the product of A x B To work out this figure, take your current rent (A), multiply it by the figure given in the index (B) on the relevant indexation date and divide the result by the figure given in the index on the most recent previous indexation date or (if there has been no previous indexation date) on the date this agreement started (C). If we are prevented by any law or legal requirement from indexing the base rent, or from demanding or receiving the full amount of base rent, we can serve notice on you that we require indexation worked out using the formula in paragraph 1 of this section when the law changes to allow it. The indexation date will be the date we serve notice.
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Annual Indexation. We will increase your standard monthly fee each and every anniversary of the start date of your agreement by a percentage amount equal to the increase in the All Items Retail Prices Index, or such other broadly equivalent index that we substitute, over the previous year plus 2%. This will only apply to agreements that have an original start and end date constituting more than a 12 month term. Renewals do not fall within this category and will be reviewed as per clause
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Annual Indexation. Date of revision: anniversary of the Lease's effective date, i.e., 15 April of each year. Base Index: INSEE index of the cost of construction for the 2nd Quarter 2004, i.e., 1267. INITIALS: TRANSLATION FROM FRENCH-FOR INFORMATION ONLY 6
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Related to Annual Indexation

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Annual Fixed Rent Tenant covenants and agrees to pay the Annual Fixed Rent in Section 1.1 to Landlord in advance in equal monthly installments commencing on the Term Commencement Date (if not the first day of a month) and thereafter on the first day of each calendar month during the Term. All payments shall be due without billing or demand and without deduction, setoff or counterclaim, except as expressly set forth in this Lease. Tenant shall make payment for any portion of a month at the beginning or end of the Term. All payments shall be payable to Landlord at Landlord’s address, as specified in Section 1.1, or to such other entities at such other places as Landlord may from time to time designate. Without limiting the foregoing, except as expressly set forth in this Lease, Tenant’s obligation so to pay Rent (as hereinafter defined) shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence; and, except as expressly set forth in this Lease, Tenant waives all rights now or hereafter existing to terminate or cancel this Lease or quit or surrender the Premises or any part thereof, or to assert any defense in the nature of constructive eviction to any action seeking to recover Rent. The foregoing notwithstanding, if Landlord fails for any reason within Landlord’s control to provide any service to be supplied by Landlord under the Lease which is necessary for Tenant’s reasonable use of the Premises (such as HVAC, elevator service, electricity, water, or structural repairs), and Tenant is unable to use the Premises on account of such failure, Tenant shall be entitled to a proportional abatement of Annual Fixed Rent and Additional Charges for Operating Expenses and Taxes based on the portion of the Premises which cannot be used by Tenant. This abatement shall begin on the fourth (4th) consecutive Business Day from Tenant’s written notice to Landlord of the failure. The abatement shall end when the services are restored sufficiently to permit use of the Premises.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.