Excise Tax Reopener Sample Clauses
An Excise Tax Reopener clause allows parties to revisit and potentially renegotiate the terms of an agreement if there are changes in excise tax laws or rates that materially affect the transaction. For example, if a government increases the excise tax on a product involved in the contract, this clause enables the parties to adjust pricing or other relevant terms to reflect the new tax burden. Its core function is to allocate the risk of tax law changes and ensure that neither party is unfairly disadvantaged by unforeseen increases in excise taxes during the contract term.
Excise Tax Reopener. Effective January 1, 2019, and for the duration of this agreement, should the employer be subject to a health insurance related excise tax, the employer may reopen Article 12 (Health and Welfare) for further negotiations under the expedited bargaining rules. Other articles may be reopened only by mutual agreement of the parties.
Excise Tax Reopener. For the duration of this agreement, should the Employer be subject to a health insurance related excise tax, the Employer may reopen Article 12 (Health and Welfare) for further negotiations under the expedited bargaining rules. Other articles may be reopened only by mutual agreement of the parties.
Excise Tax Reopener. 28 During the month of May of 2019, the County may exercise a benefits 29 reopener of Article 12, Health and Welfare, effective as of January 1, 2020. If the County 30 reopens Article 12, the Association may elect to reopen Article 16, ▇▇▇▇▇ and Classifications, 31 within fourteen (14) days of the County’s notice. This reopener will be for the exclusive purpose 32 of addressing the impacts and effects of the PPACA Excise Tax, or revisions thereto, and may 33 include, but is not limited to, plan and plan design changes. This reopener will be subject to the 34 same rules and bargaining process that pertains to full contract successor negotiations.