CPI Adjustment xxx Sample Clauses

CPI Adjustment xxx xxx.xxx Based on the “Posted” U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index (CPI)- All Urban Consumers, Washington-Baltimore Region (DC-MD-VA-WV), All Items. Base Month/Year/Index for this Contract shall be (March 2005, Index of 122.7) In the event the CPI rises above 5% “from the base year” during any year of the Contract term, the Contract Tonnage Fee may be adjusted annually effective July 1st of each year if requested by the Contractor in writing by May 15th of each year. If the Contractor fails to provide a written request by May 15th, no CPI increase will be considered by the County for that year. Based on the CPI computation described in the CPI Escalation Section, first determine the index point change between the base index and the current index (March 2005 thru each March thereafter) then determine the percent change. The County shall always use March 2005 as the Base Index (not previous years index) and the base price of this Contract for every annual adjustment. See the following computation examples: In the event of a CPI decrease after an increase has been applied to the Contract, the decrease will also be adjusted annually, however any CPI decreases shall not adjust the Contract tonnage fees below the original Contract tonnage fee. Example 1 with a Base Index Period of March 2004 for this example only. CPI for current period March 2005 = 122.7 Less CPI for previous period March 2004 = 118.1 Equals index point change of 4.60 Divided by previous period March 2004 = 118.1 Equals .039 Results .039 multiplied by 100 equals percent change of 3.90% Example 2 with County Contract “Base Index of March 2005” CPI for current period = Less CPI for base index period of March 2005 = 122.7 Equals index point change of Divided by base index period of March 2005 122.7 Equals Results multiplied by 100 equals percent change of
Sample 1
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Related to CPI Adjustment xxx

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Wage Adjustment Notwithstanding any provision in this Agreement on the contrary, the wages of employees shall be reduced by the amount of employee contributions made by the employer pursuant to the provisions hereof.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Market Adjustments 22. Neither this Article nor any other in this Collective Agreement prevents the Employer from using other funds to increase a Member’s salary in response to offers received from other employers or to accommodate other market forces.

  • 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.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

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