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Common use of Cost Factors Clause in Contracts

Cost Factors. Whenever a factor is applied to salary costs or other expenses in determining compensation payable to TRANSYSTEMS that factor will be adjusted periodically and equitably to reflect changes in the various elements that comprise such factor. All such adjustments will be in accordance with generally accepted accounting practices as applied on a consistent basis by TRANSYSTEMS and consistent with TRANSYSTEMS’ overall compensation practices and procedures.

Appears in 9 contracts

Samples: Professional Services, Professional Services, Professional Services