Common use of Annual Price Increase Clause in Contracts

Annual Price Increase. On January 1, 2020 and on January 1 of each subsequent calendar year of the Commitment Period, the price per case of a Product will be increased by the percentage in the “Annual Price Increase Percentage” column for the Product in the chart in Attachment 1.

Appears in 4 contracts

Samples: Master Supply Agreement (Reynolds Consumer Products Inc.), Master Supply Agreement (Reynolds Consumer Products Inc.), Master Supply Agreement (Pactiv Evergreen Inc.)

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Annual Price Increase. On January 1, 2020 and on January 1 of each subsequent calendar year of the Commitment Period, the price per case of a Product will be increased by the percentage in the “Annual Price Increase Percentage” column for the Product in the chart in Attachment 1; provided, however, that for the period from January 1, 2022 to December 31, 2022, the price per case of a Product will not be increased as provided above.

Appears in 2 contracts

Samples: Master Supply Agreement (Reynolds Consumer Products Inc.), Master Supply Agreement (Pactiv Evergreen Inc.)

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