Common use of FIRST RENEWAL OPTION PERIOD Clause in Contracts

FIRST RENEWAL OPTION PERIOD. Pursuant to the agreement between the parties, the following are the Adjustment Factors for the next option period: Base Year Option Year Date Index 1 May 2019 11229.99 2 June 2019 11268.48 3 July 2019 11291.80 4 August 2019 11311.06 5 September 2019 11311.24 6 October 2019 11326.12 7 November 2019 11380.83 8 December 2019 11381.53 9 January 2020 11392.41 10 February 2020 11396.01 11 March 2020 11396.97 12 April 2020 11412.67 Date Index 1 May 2020 11418.16 2 June 2020 11436.23 3 July 2020 11439.11 4 August 2020 11455.26 5 September 2020 11498.81 6 October 2020 11538.93 7 November 2020 11579.02 8 December 2020 11625.95 9 January 2021 11627.94 10 February 2021 11698.79 11 March 2021 11749.75 12 April 2021 11849.32 Base Average 11341.5925 Option Average 11576.4391 Price Adjustment: First Year Index Average = 11576.4391 = 1.0207 Base Year Index Average 11341.5925 AWARD MULTIPLIER x PRICE ADJUSTMENT = OPTION MULTIPLIER # KY-NC-E01-062420-PLS Non Pre-priced 1.1039 1.0000 1.1039 Normal Working Hours - Non- Prevailing Wage 1.1255 1.0207 1.1488 Normal Working Hours - Prevailing Wage 1.1577 1.0207 1.1817 Other Than Normal Working Hours - Non-Prevailing Wage 1.1331 1.0207 1.1566 Other Than Normal Working Hours - Prevailing Wage 1.1579 1.0207 1.1819

Appears in 1 contract

Samples: Annual Renewal and Modification of Agreement

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FIRST RENEWAL OPTION PERIOD. Pursuant to the agreement between the parties, the following are the Adjustment Factors for the next option period: Base Year Option Year Date Index 1 May 2019 11229.99 2 June 2019 11268.48 3 July 2019 11291.80 4 August 2019 11311.06 5 September 2019 11311.24 6 October 2019 11326.12 7 November 2019 11380.83 8 December 2019 11381.53 9 January 2020 11392.41 10 February 2020 11396.01 11 March 2020 11396.97 12 April 2020 11412.67 Date Index 1 May 2020 11418.16 2 June 2020 11436.23 3 July 2020 11439.11 4 August 2020 11455.26 5 September 2020 11498.81 6 October 2020 11538.93 7 November 2020 11579.02 8 December 2020 11625.95 9 January 2021 11627.94 10 February 2021 11698.79 11 March 2021 11749.75 12 April 2021 11849.32 Base Average 11341.5925 Option Average 11576.4391 Price Adjustment: First Year Index Average = 11576.4391 = 1.0207 Base Year Index Average 11341.5925 AWARD MULTIPLIER x PRICE ADJUSTMENT = OPTION MULTIPLIER # KY-NC-E01RW01-062420-PLS LMC Non Pre-priced 1.1039 1.2757 1.0000 1.1039 1.2757 Normal Working Hours - Non- Prevailing Wage 1.1255 1.2108 1.0207 1.1488 1.2359 Normal Working Hours - Prevailing Wage 1.1577 1.2108 1.0207 1.1817 1.2359 Other Than Normal Working Hours - Non-Prevailing Wage 1.1331 1.2216 1.0207 1.1566 1.2469 Other Than Normal Working Hours - Prevailing Wage 1.1579 1.2216 1.0207 1.18191.2469

Appears in 1 contract

Samples: Annual Renewal and Modification of Agreement

FIRST RENEWAL OPTION PERIOD. Pursuant to the agreement between the parties, the following are the Adjustment Factors for the next option period: Base Year Option Year Date Index 1 May 2019 11229.99 2 June 2019 11268.48 3 July 2019 11291.80 4 August 2019 11311.06 5 September 2019 11311.24 6 October 2019 11326.12 7 November 2019 11380.83 8 December 2019 11381.53 9 January 2020 11392.41 10 February 2020 11396.01 11 March 2020 11396.97 12 April 2020 11412.67 Date Index 1 May 2020 11418.16 2 June 2020 11436.23 3 July 2020 11439.11 4 August 2020 11455.26 5 September 2020 11498.81 6 October 2020 11538.93 7 November 2020 11579.02 8 December 2020 11625.95 9 January 2021 11627.94 10 February 2021 11698.79 11 March 2021 11749.75 12 April 2021 11849.32 Base Average 11341.5925 Option Average 11576.4391 Price Adjustment: First Year Index Average = 11576.4391 = 1.0207 Base Year Index Average 11341.5925 AWARD MULTIPLIER x PRICE ADJUSTMENT = OPTION MULTIPLIER # KY-NCE-E01GC03-062420-PLS LMC Non Pre-priced 1.1039 1.2757 1.0000 1.1039 1.2757 Normal Working Hours - Non- Prevailing Wage 1.1255 1.2649 1.0207 1.1488 1.2911 Normal Working Hours - Prevailing Wage 1.1577 1.2649 1.0207 1.1817 1.2911 Other Than than Normal Working Hours - Non-Prevailing Wage 1.1331 1.2757 1.0207 1.1566 1.3021 Other Than Normal Working Hours - Prevailing Wage 1.1579 1.2757 1.0207 1.18191.3021

Appears in 1 contract

Samples: Annual Renewal and Modification of Agreement

FIRST RENEWAL OPTION PERIOD. Pursuant to the agreement between the parties, the following are the Adjustment Factors for the next option period: Base Year Option Year Date Index 1 May 2019 11229.99 2 June 2019 11268.48 3 July 2019 11291.80 4 August 2019 11311.06 5 September 2019 11311.24 6 October 2019 11326.12 7 November 2019 11380.83 8 December 2019 11381.53 9 January 2020 11392.41 10 February 2020 11396.01 11 March 2020 11396.97 12 April 2020 11412.67 Date Index 1 May 2020 11418.16 2 June 2020 11436.23 3 July 2020 11439.11 4 August 2020 11455.26 5 September 2020 11498.81 6 October 2020 11538.93 7 November 2020 11579.02 8 December 2020 11625.95 9 January 2021 11627.94 10 February 2021 11698.79 11 March 2021 11749.75 12 April 2021 11849.32 Base Average 11341.5925 Option Average 11576.4391 Price Adjustment: First Year Index Average = 11576.4391 = 1.0207 Base Year Index Average 11341.5925 AWARD MULTIPLIER x PRICE ADJUSTMENT = OPTION MULTIPLIER # KY-NCW-E01E02-062420-PLS LMC Non Pre-priced 1.1039 1.2757 1.0000 1.1039 1.2757 Normal Working Hours - Non- Prevailing Wage 1.1255 1.2757 1.0207 1.1488 1.3021 Normal Working Hours - Prevailing Wage 1.1577 1.2757 1.0207 1.1817 1.3021 Other Than Normal Working Hours - Non-Prevailing Wage 1.1331 1.2973 1.0207 1.1566 1.3242 Other Than Normal Working Hours - Prevailing Wage 1.1579 1.2973 1.0207 1.18191.3242

Appears in 1 contract

Samples: Annual Renewal and Modification of Agreement

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FIRST RENEWAL OPTION PERIOD. Pursuant to the agreement between the parties, the following are the Adjustment Factors for the next option period: Base Year Option Year Date Index 1 May 2019 11229.99 2 June 2019 11268.48 3 July 2019 11291.80 4 August 2019 11311.06 5 September 2019 11311.24 6 October 2019 11326.12 7 November 2019 11380.83 8 December 2019 11381.53 9 January 2020 11392.41 10 February 2020 11396.01 11 March 2020 11396.97 12 April 2020 11412.67 Date Index 1 May 2020 11418.16 2 June 2020 11436.23 3 July 2020 11439.11 4 August 2020 11455.26 5 September 2020 11498.81 6 October 2020 11538.93 7 November 2020 11579.02 8 December 2020 11625.95 9 January 2021 11627.94 10 February 2021 11698.79 11 March 2021 11749.75 12 April 2021 11849.32 Base Average 11341.5925 Option Average 11576.4391 Price Adjustment: First Year Index Average = 11576.4391 = 1.0207 Base Year Index Average 11341.5925 AWARD MULTIPLIER x PRICE ADJUSTMENT = OPTION MULTIPLIER # KY-NCE-E01HVAC01-062420-PLS LMC Non Pre-priced 1.1039 1.2757 1.0000 1.1039 1.2757 Normal Working Hours - Non- Prevailing Wage 1.1255 1.2757 1.0207 1.1488 1.3021 Normal Working Hours - Prevailing Wage 1.1577 1.2757 1.0207 1.1817 1.3021 Other Than than Normal Working Hours - Non-Prevailing Wage 1.1331 1.2973 1.0207 1.1566 1.3242 Other Than Normal Working Hours - Prevailing Wage 1.1579 1.2973 1.0207 1.18191.3242

Appears in 1 contract

Samples: Annual Renewal and Modification of Agreement

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