Hourly Rate Adjustment. A-E’s personnel hourly rates as listed in Appendix 2 shall remain the same each year for the term of the contract. The contract does not provide for annual cost of living adjustments.
Hourly Rate Adjustment. 9.1 The Hourly Rate is based on the Fleet described in Annex A and on the Operator’s Profile represented and warranted by the Customer as described in Annex F herein. Any material modifications to Customer’s Profile or changes in its geographical or operating environment must be immediately reported to P&WC and may result in an Hourly Rate adjustment. Any Fleet Changes (as defined below) must also be immediately reported to P&WC and may result in an Hourly Rate adjustment, in the manner contemplated hereinbelow. Subject to the following sentence, P&WC also reserves the right to adjust the Hourly Rate in circumstances where Customer does not adhere to the Transition Plan, the Engine maintenance conditions set forth in Annex E or is otherwise in default under this Agreement. Any Hourly Rate adjustment proposal made by P&WC as a result of default of Customer pursuant to the terms of this Agreement (which proposal shall include the calculations of such adjustment in sufficient details to enable Customer to make an informed decision with respect thereto) shall have to be agreed upon by Customer before it can take effect. If Customer refuses any such proposal for an Hourly Rate adjustment or is deemed to have refused by not replying to any such proposal within 10 days of its receipt, the Parties shall diligently deploy commercially reasonable efforts to establish a mutually agreeable alternative to the proposed Hourly Rate adjustment within 30 days of Customer’s refusal or deemed refusal thereof, failing which P&WC shall have the right to terminate this Agreement as per the provisions of Section 15.1.
Hourly Rate Adjustment. (i) Employees working the Alpha shift pattern will receive an hourly rate adjustment for all hours as follows:
Hourly Rate Adjustment. 2. The initial hourly rates shall be adjusted in accordance with the following formula. The first hourly adjustment date shall be the 1st January 2006 and the hourly rate will be adjusted in accordance with the annual percentage increase in ABS Wage Cost Index as indicated in the Index listed below, and then every twelve months thereafter. The revision formula will be based on the index received from the Australian Bureau of Statistics for the December quarter preceding the adjustment date (1 January). Hourly rates shall remain firm for every twelve monthly period following hourly rate adjustment. AHR = IHR x AI AIo Where: AHR = Adjusted Hourly Rate IHR = Initial Hourly Rate AI = The adjustment index number for the quarter preceding the Quarter containing the hourly adjustment date. AIo = The adjustment index number for the quarter preceding the Base Date The Index: ABS 6345.0 Wage Cost Index, Australia, Table 5B. Wage Cost Index - Total Hourly Rates of Pay Excluding Bonuses, Sector by Industry (Quarterly Index Numbers) - Public (b) Education SCHEDULE 2
