General Adjustments. The Parties shall make, without duplication, and provided that such adjustments are not already provided for on the Closing Balance Sheet and the Closing Regional Balance Sheet, the usual adjustments relating to the sale of the Purchased Assets as of the Closing Time and such adjustments shall be readjusted, if necessary, on the Working Capital Adjustment Date. Adjustments shall include:
General Adjustments. Effective September 8, 2007, the hourly rates for steps in the salary range for each class shall be increased by 1.0%. Effective September 6, 2008 the hourly rates for steps in the salary range for each class shall be increased by 3.0%. Effective September 5, 2009 the hourly rates in the salary range for each class shall be increased 3.0%.
General Adjustments. The Parties shall make, without duplication, the usual adjustments relating to the Business as of the Effective Time. Such adjustments shall be mutually agreed to and the appropriate payment shall be made on or before October 29, 2004. Such adjustments shall include:
3.5.1 All amounts paid or payable to or by the Vendor under the leases set forth in Schedule 1.16.2-B including, without limitation, rental (including percentage rental, prepaid rent and security deposits), taxes (including contributions by lessees to real estate taxes), common area maintenance charges, utilities charges, business taxes, merchants' association and advertising fees and occupancy costs;
3.5.2 All amounts paid or payable by, or in the case of amounts such as rebates or royalties, payable to, the Vendor under the contracts set forth in Schedule 1.16.2-A, including any deposits; and
3.5.3 Deferred freight in the amount of approximately $150,000 incurred by the Vendor prior to Closing will be paid by the Purchaser to the Vendor when billed by the Purchaser to the customer and collected by the Purchaser. The Parties acknowledge that certain adjustments under each lease such as common area charges, shall be made when the lessor under that lease provides to the Purchaser a final adjustment amount in respect of such lease for the lease years for which no such adjustment has been given to the Vendor at the Effective Time. The Purchaser agrees to xxxx the deferred freight promptly and use commercially reasonable efforts to collect same.
General Adjustments. Effective September 19,2021following adoption of the Agreement, the rate of pay for all classes and employees shall be increased by one and a half percent (1.5%) Effective the first full pay period in July 2022, the rate of pay for all classes and employees shall be increased by two and a half percent (2.5%). Effective the first full pay period in July 2023, the rate of pay for all classes and employees shall be increased by two and a half percent (2.5%).
General Adjustments. A Member’s Capital Account shall be increased and decreased as follows:
(i) The Capital Account shall be increased by (a) the amount of the Member’s Capital Contribution made in cash; (b) the Fair Market Value of assets contributed in kind (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Treasury Regulation Section 1.704-1(b)(2)(iv)(b)); and (c) the amount of Capital Account Income that is allocated to the Member pursuant to this Agreement.
(ii) The Capital Account shall be decreased by (a) the amount of money and the Fair Market Value of any property that the Company distributes to the Member (net of any indebtedness secured by such distributed property that the Member is considered to assume or take subject to under Treasury Regulation Section 1.704-1(b)(2)(iv)(b)), and (b) the amount of Capital Account Deductions that are allocated to the Member pursuant to this Agreement.
(iii) The rules regarding maintenance of Capital Accounts described in this Section 7.3(a) are intended to correspond to the provisions of Treasury Regulations §1.704-1(b)(2)(iv)(b). To the extent that Section 7.3(a)(i) and (ii) conflict with such provision, Treasury Regulations §1.704-1(b)(2)(iv)(b) shall prevail.
General Adjustments. The Employer agrees to pay a two and three-quarter percent (2.75%) across the board wage increase effective on December 20, 2021. The Employer agrees to pay a two and three-quarter percent (2.75%) across the board wage increase effective the first payroll period in 2023, beginning on December 19, 2022. The Employer agrees to pay a two and three-quarter percent (2.75%) across the board wage increase effective the first payroll period in 2024, beginning on December 18, 2023. The Employer agrees to a wage reopener to negotiate an across the board wage increase effective the later of the first payroll period in 2025 or the first payroll period following full ratification of the negotiated wage reopener. The wage reopener will be limited to discussion and negotiation of the 2025 across the board wage increase, except where otherwise required under the terms of this Agreement. The Employer agrees to pay a ratification bonus of one thousand dollars ($1,000.00), less applicable withholdings, to all members of the bargaining unit who are active on the payroll as of January 3, 2022.
General Adjustments. The adjustments (herein referred to as the “Adjustments”) shall include all realty taxes, local improvement rates and charges, water and assessment rates, utility deposits, amounts prepaid under Contracts, security deposits and other adjustments established by usual practice for the purchase and sale of similar properties. In addition, the Adjustments shall include the other matters referred to in this Agreement which are stated to be the subject of adjustment and shall exclude the other matters in this Agreement which are stated not to be the subject of adjustment. Adjustments shall be made as of the Adjustment Date. From and after the Closing Date, the Purchaser shall be responsible for all expenses in respect of, and shall be entitled to all income from the Purchased Assets. The Vendor shall be responsible for all expenses and entitled to all income from the Purchased Assets for that period ending on the Adjustment Date. If any item subject to adjustment cannot be determined on Closing, an estimate shall be made by the Vendor and the Purchaser, acting reasonably, for purposes of Closing and a final adjustment shall be made when the particular item can be determined. All claims for readjustment must be made within a one hundred and eighty (180) day period following Closing; provided, however, that after the expiry of the relevant period, the adjustments made by the Vendor and Purchaser shall be final and binding. The provisions of this Section 3.2 shall not merge on, but shall survive Closing.
General Adjustments. The Employer agrees to pay a two and one-half percent (2.5%) across the board wage increase effective on December 24, 2018. The Employer agrees to pay a two and one-half (2.5%) across the board wage increase effective the first payroll period in 2020, beginning on December 23, 2019. The Employer agrees to pay a two and one-half (2.5%) across the board wage increase effective the first payroll period in 2021, beginning on December 21, 2020.
General Adjustments. If at any time during the period between the date of this Agreement and the Effective Time, the outstanding Shares or the outstanding Company Warrants (or securities convertible into, or exchangeable or exercisable for, Shares) shall have been changed into a different number of shares or into a different class by reason of any reclassification, recapitalization, stock split (including a reverse stock split) or combination, exchange or readjustment of shares or similar transaction, or stock dividend or distribution thereon with a record date during such period, the Merger Consideration and any other amounts payable pursuant to this Agreement shall be appropriately adjusted to reflect such change. Nothing in this Section 2.09 shall be construed to permit the Company to take any action with respect to any Company Securities that is prohibited by the terms of this Agreement.
General Adjustments. The City and the Union agree to general adjustments for contract years as follows. Effective December 27, 2004 for 2005 – 0% Effective December 26, 2005 for 2006 – 3% Effective December 25, 2006 for 2007 – 3% Effective December 24, 2007 for 2008 – 3% Effective December 22, 2008 for 2009 – 2% Effective December 21, 2009 for 2010 – 2%
