Control of Costs. The Parties shall only be entitled to incur Costs which are either (i) set forth in the applicable Preclinical Assessment Plan or (ii) have been agreed and approved in advance by the Steering Committee. The Steering Committee shall review, on at least a quarterly basis, the actual Costs against the Budget agreed under the Preclinical Assessment Plan. If either Party reasonably considers that it is likely to exceed the Budget of any Costs set forth in the applicable Preclinical Assessment Plan or approved by the Steering Committee, it shall promptly notify the Steering Committee thereof and shall provide such Steering Committee with details of the additional Costs that it expects to incur and the reason for such increase. The Steering Committee shall then review the information submitted and may, if appropriate, amend the affected Preclinical Assessment Plan to permit such overrun or to reduce such activities such that no overrun is expected. If the Steering Committee does not approve the additional Costs, the requesting Party shall have the right to incur such costs on its own behalf (so that the relevant costs items will not form part of the shared Costs mechanism agreed hereunder). However, if the Budget overrun is due to a delay or an advance in timing as to the planned activities, which activities are in accordance with the relevant Preclinical Assessment Plan, [***]
Control of Costs. The Employer, Union and employees acknowledge the importance of and must engage in mutual efforts to control the cost of health insurance care. As premium rates increase over the course of this Agreement, the parties agree to meet and discuss the increase in premium cost for the purpose of discussing alternatives to maintain cost control, including, but not limited to alternate insurance coverage or alternate means of providing coverage. During the period of the Agreement the HCC shall meet regularly in order to monitor and control health care costs. The HCC with a majority vote of the committee shall have the authority to modify the benefits, premium allocation, or premium during the life of this Agreement to maintain health insurance coverage. Should the HCC fail to reach a majority vote on a solution the City may implement plan design modifications or premium increases not to exceed a 8% increase annually to the City plan which may be made to maintain coverage. The City agrees to provide the Union the opportunity to review and respond to the City’s modifications to the City plan and the Union agrees to provide alternatives measures to maintain, reduce or limit increases in premiums and/or costs of providing coverage. Among the measures the City may implement and the parties may discuss will be wellness programs, screening programs, tobacco use programs and well as other measures either the City or Union may identify in discussions regarding the City’s plan for health insurance coverage. The Union understands and agrees that any increase in the premium rates for health, medical, and related insurance premiums shall be a factor considered in the total economic proposals for successive negotiations. Any rate increases which may be implemented during the period of this Agreement shall also remain subject to the wage negotiations of subsequent Agreements. It is further agreed and understood that during the term of this Agreement that individual carriers/providers may, through no fault of the City, Union, or employees cease coverage. Should such occur, any employee adversely affected shall be given the opportunity to enroll with an alternative carrier with the appropriate premium rates subject to the premium rate applied herein or to waive coverage and receive an appropriate pro-rata amount of the waiver of coverage payment. The parties agree and understand that the health care coverage is subject to the Affordable Care Act (ACA). Should any provision of the ...
Control of Costs h. The Contractor shall maintain an accounting system and controls adequate for the proper administration of this clause. The Contractor shall maintain records of all costs incurred under this contract. Reports and access to records
Control of Costs. The Concessionaire shall use all reasonable endeavours to control and mitigate any increase or decrease in any Capital Expenditures and/or Operating Expenditures it incurs as a consequence of an Eligible Event.
