Cost Changes. For purposes of this section, "similar coverage" means coverage for the same category of benefits for the same individuals (e.g. family to family or single to single). For example, two plans that provide major medical coverage are considered to be similar coverage. For purposes of this definition, (1) a Health FSA is not similar coverage with respect to an accident or health plan; (2) an HMO and a PPO are considered to be similar coverage; and (3) coverage by another employer, such as a Spouse's or Dependent's employer may be treated as similar coverage if it otherwise meets the requirements of similar coverage. (NOTE: Dropping coverage is not permitted under the Plan due to changes in cost if an individual changes to an HMO or insurance company who currently provides coverage to the County.)
1. Increase or decrease for Insignificant Cost Changes. Participants are required to increase their elective contributions (by increasing salary reductions) to reflect insignificant increases in their required contribution for their benefit choices, and to decrease their elective contributions to reflect insignificant decreases in their required contribution. The Plan Administrator, in its sole discretion and on a uniform and consistent basis, will determine whether an increase or decrease is insignificant based upon all the surrounding facts and circumstances, including but not limited to the dollar amount or percentage of the cost change. The Plan Administrator, on a reasonable and consistent basis, will automatically implement this increase or decrease in affected employees' elective contributions on a prospective basis.
Cost Changes. Cost changes will be subject to the DPI Specialty Foods Vendor Policies and Expectations as attached hereto and fully incorporated herein as agreed upon between the parties.
Cost Changes. If the cost of a premium payment benefit increases or decreases during a Plan Year, the Plan may, on a reasonable and consistent basis, automatically make a prospective change to Covered Employees' contributions to reflect the cost of this change. If the Plan Administrator determines that the increase in cost of such premium payment benefit is significant, however, Covered Employees who have elected that premium payment benefit may either change their Salary Reduction Agreement correspondingly or revoke their premium payment benefit election and — in lieu thereof — elect, prospectively, a premium payment benefit with similar coverage, or may revoke the existing premium payment benefit if no other option providing similar coverage is available. Employees who previously waived participation may elect benefits if the cost of the coverage significantly decreases during the Plan Year. This opportunity for making new elections does not apply to the Health Care Flexible Spending Account Plan Premium Payment Benefit orCombination Limited Purpose Health Care Flexible Spending Account Plan Premium Payment Benefit and applies to the Dependent Care Flexible Spending Account Plan only if a cost increase or decrease is imposed by a dependent care provider who is not a relative of the Covered Employee. For purposes of this subparagraph (c), a “relative” is an individual who is related as described in Code Section 152(d)(2) (A) through (G), incorporating the rules of Code Sections 152(f)(1)(B) and 152(f)(4).
Cost Changes. For calendar year 2005, the Direct Costs shall be paid as provided in Schedule A hereof. For calendar years 2006, 2007 and 2008 the Base Rate Costs shall increase from the Base Rate Costs (as escalated) applicable to the prior calendar year by the prior calendar year’s CPI + [*]. For purposes of this provision, “CPI” shall mean the Consumer Price Index, U.S. City Average, Urban Wage Earners and Clerical Workers, All Items (base index year 1982-1984 = 100) as published by the U.S. Department of Labor, Bureau of Labor Statistics. If the manner in which the Consumer Price Index as determined by the Bureau of Labor Statistics shall be substantially revised, including, without limitation, a change in the base index year, an adjustment shall be made by the parties in such revised index which would produce results equivalent, as nearly as possible, to those which would have been obtained if such Consumer Price Index had not been so revised. If the Consumer Price Index shall become unavailable or in information is not readily available to enable the parties to make the adjustment referred to in the preceding sentence, the parties shall mutually agree to substitute therefore a comparable index based upon changes in the cost of living or purchasing power of the consumer dollar published by any other U.S. governmental agency or, if no such index shall be available, a comparable index published by a major bank or other financial institution or by a university or a recognized financial publication. Notwithstanding anything herein to the contrary, for purposes of this Agreement, CPI shall not, in any event, exceed [*] per year. For each year of the Term, beginning with calendar year 2009, Operator shall provide Delta an estimate of the year’s projected operating costs by September 30th of the prior year. Delta will have the right to review and provide comments and suggestions to such estimate, and such suggestions will be duly considered by Operator. Operator and Delta hereby agree to meet promptly after each such September 30th in order to review and revise the Direct Costs and corresponding Base Compensation, as appropriate, for the subsequent calendar year utilizing the same methodology as initially used to determine the Direct Costs and Base Compensation (the “Annual Operating Plan”) and will use commercially reasonable efforts to reach agreement on an Annual Operating Plan for the next calendar year prior to December 31 of each year. In the event that the parties a...
Cost Changes. The cost of Make Ready Work shall reflect unit costs expected to be in effect at the time the work will be done. The cost may be adjusted, after the fact, to reflect any unforeseen overtime costs made necessary by LICENSEE's construction schedule. The provisions of Subdivision (e) of this Section 303 shall apply also to any such cost adjustments.
Cost Changes. In the event that the cost of a Benefit increases or decreases during a Plan Year, the Plan automatically may increase or decrease, as applicable, all affected Participants' salary reduction contributions for such Benefits on a reasonable and consistent basis. If the cost charged to an Employee for a Benefit significantly increases or decreases during the Plan Year, the Participant may make a corresponding change in his or her salary reduction contributions under the Plan. Changes that may be made include electing to participate in the Plan with respect to the Benefit with the decreased cost or in the case of an increase in cost, revoking an election for that coverage and, in lieu thereof, either receiving similar coverage or dropping coverage if no other benefit package option providing similar coverage is available. The Plan Administrator in its sole discretion shall determine if the increase or decrease is significant. A cost increase or decrease refers to an increase or decrease in the amount of salary contributions under the Plan, whether the increase or decrease results from an action taken by the employee (such as switching from full-time to part-time) or from action taken by the Employer (such as increasing or decreasing the amount of employer contributions for Employees).
Cost Changes
