ECONOMIC ADJUSTMENTS. All pricing must be guaranteed for the first year of the Cooperative Purchasing Master Agreement. Following the guarantee period, any request for price increases must be for an equal guarantee period (1 year), and must be submitted to the Lead State at least thirty (30) calendar days prior to the effective date. The Lead State will review a documented request for an MSRP price list increase only after the Price Guarantee Period. Requests for price increases must include sufficient documentation supporting the request and demonstrating the reasonableness of the adjustment when comparing the current price list to the proposed price list. Documentation may include: the manufacturer’s national price increase announcement letter, a complete and detailed description of what products are increasing and by what percentage, a complete and detailed description of what raw materials and/or other costs have increased and provide proof of increase, index data and other information to support and justify the increase. The price increase must not produce a higher profit margin than the original contract, and must be accompanied by sufficient documentation and nationwide notice of price adjustment to the published manufacturer’s price list. No retroactive price increases will be allowed. Price Reductions. In the event of a price decrease in any category of product at any time during the contract in an OEM’s published manufacturer’s price list, including renewal options, the Lead State shall be notified immediately. All published manufacturer’s price list price reductions shall be effective upon the notification provided to the Lead State. Enterprise Services reserves the right to request clarification and justification for requested Economic Adjustments. Economic Price Adjustment requests for January 1st through June 30th must be submitted to Lead State Contract Administrator by June 1st to be eligible for product updates effective July 1st. Product updates for July 1st through December 31st must be submitted to the Lead State Contract Administrator by December 1st to be eligible for product updates effective January 1st. Semi-Annual Submitted By Effective Date January 1-June 30 June 1st July 1st July 1-December 31 December 1st January 1st
ECONOMIC ADJUSTMENTS. Matters relating to base salary increases and other economic considerations during the term of this agreement shall be as set forth in Addendum A annexed.
ECONOMIC ADJUSTMENTS. 12.1 The price for the first year in this Agreement shall be adjusted on an annual basis effective on the anniversary date of this Agreement, and increased not less than 8% annually, except for one-year or less contract, based on the proportionate increase of the current hourly labor cost for elevator technician during normal business hours, including technician’s regular benefits and subsidies. Pricing may also increase or decrease in the event the equipment is modified from its present state.
ECONOMIC ADJUSTMENTS. The House did not include any positive economics adjustments in the components of the LARA budget that the Governor and Senate transferred to DIFS. The Conference included these adjustments. 1,338,400 5. Line Item Rollups. The Governor provided one program line item in the DIFS budget. The Conference expanded this item into five line items and created three additional line items in the Administration unit of the budget. These line item changes resulted in no net funding change to the Department. 0 FY 2013-14 INSURANCE AND FINANCIAL SERVICES BUDGET S.B. 189 (CR-1): CONFERENCE REPORT WHIT XT
ECONOMIC ADJUSTMENTS. Casual Employees receive 12% in lieu of fringe benefits added to their hourly rates as shown in Schedule A. The Employer agrees to pass on any wage enhancement grants or operational increases provided by the Ministry of Children and Youth Services during the term of this agreement. Conversely, if the Employer should no longer receive any wage enhancement grants employees would be paid at their base rates. 2009 The employer agrees to increase base rates by 2% effective January 1, 2009. In addition the employer agrees to disburse, as a one time payout, the difference between any wage improvement grant received in 2009 and the portion of this grant that has already been added to base pay in 2007, 2008 and 2009. NOTE: This economic adjustment does not apply to casual employees for 2009.
ECONOMIC ADJUSTMENTS. Shell’s failure to achieve the Peak Availability Target or the Off Peak Availability Target shall result in the payments expressly provided in this Agreement but, without limiting the effect of Sections 11.5(d), 11.5(f), 11.5(g), 11.5(h), 11.5(i), and 11.5(j), shall not constitute a breach of this Agreement.
