COMPARISON AND ADJUSTMENT OF RATES AT FIVE, TEN AND FIFTEEN YEARS Sample Clauses

COMPARISON AND ADJUSTMENT OF RATES AT FIVE, TEN AND FIFTEEN YEARS. On July 1, 2005, July 1, 2010, and July 1, 2015, the annual Rate adjustment process pursuant to Section 6.2 shall be replaced with the Rate comparison and Rate adjustment process described in this Section 6.3 and in Exhibit A. Exhibit A defines the detailed process for comparing the Contractor’s then effective Rates to those of specified jurisdictions, and on the basis of that comparison making the annual Rate adjustment. The City shall initiate the process specified in Exhibit A within such time as is necessary to provide the Contractor by the March 1 prior to the scheduled adjustment, the results of the Rate comparison, including the percentage by which the Contractor may adjust Rates upward or shall adjust Rates downward. Contractor shall by April 1 provide the City Representative with any comments on the adjustment. The City Representative shall use his/her best judgment to take the Contractor’s comments into consideration, and to inform the Contractor by May 1 of the final percentage by which the Contractor may adjust Rates upward or shall adjust Rates downward. Contractor shall inform all Customers of the impending Rate adjustment no less than one month in advance of mailing the first Customer billing based on adjusted Rates.
Sample 1
AutoNDA by SimpleDocs

Related to COMPARISON AND ADJUSTMENT OF RATES AT FIVE, TEN AND FIFTEEN YEARS

  • 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:

  • EVALUATION AND COMPARISON OF BIDS 30.1 The Employer will carry out evaluation of details and information provided in post- Qualification Questionnaire and any bidder who does not qualify shall not have his/her bid evaluated further.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Prorations and Adjustments The following shall be prorated and adjusted between Seller and Buyer as of the Closing Date, except as otherwise specified:

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director of Adult Educational Development, Assistant Professor for one year, commencing on July 1, 2023 and terminating on June 30, 2024. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern.

  • 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.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • Annual Evaluation The Partnership will be evaluated on an annual basis through the use of the Strategic Partnership Annual Evaluation Format as specified in Appendix C of OSHA Instruction CSP 00-00-000, OSHA Strategic Partnership Program for Worker Safety and Health. Xxxxxxxxx & Xxxxxx will be responsible for gathering required participant data to evaluate and track the overall results and success of the Partnership. This data will be shared with OSHA. OSHA will be responsible for writing and submitting the annual evaluation.

  • Quarterly and Annual Reconciliation 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.

  • Underutilization and Early Termination Charges If Customer's Total Service Charges do not reach the AVC, in any Contract Year during the Initial Term; Customer shall pay an “Underutilization Charge” equal to 50% of the unmet AVC. If Customer’s Total Service Charges do not reach the AVC in any Contract Year because the Agreement is terminated early by Customer without Cause or by the Company with Cause, Customer shall pay an “Early Termination Charge” equal to 50% of the unmet AVC plus a pro rata portion of any credits received by Customer.

Time is Money Join Law Insider Premium to draft better contracts faster.