Inflation Adjustor Sample Clauses

Inflation Adjustor. ‌ [For Xxxx Arundel County, beginning on the Proposal Date, the Service Fee shall be adjusted according to the appropriate Annual Inflation Adjuster. All adjustments shall be made using the Bureau of Labor Statistics Consumer Price Index (“CPI”) for all Urban Consumers for Baltimore- Columbia-Towson, MD - All Items (1982-84=100). The first adjustment shall compare the most recent reported CPI as of the Commencement Date [(the February 2023 published CPI, anticipated to be posted in March 2023 for Xxxx Arundel County)] to the reported CPI nearest to the final Proposal Date ( _ , 20 ), which was published in of 20 . The Proposal Date CPI is _. The second adjustment shall compare the most recent reported CPI as of [July 1, 2024 to the CPI used for the Commencement Date, which would be the April 2024 published CPI, anticipated to be posted in May 2024]. Thereafter the most recent CPI reported as of July 1st of the current year will be compared to the CPI used from the previous year (e.g., the April CPI, usually posted in May compared against the CPI used from the previous year). The Annual Inflation Adjuster shall be 75 percent of any increase or decrease in the CPI. The most recent reported CPI as of July 1st of current year less the CPI used from previous year equals the index point change. Multiply the index point change by 0.75 and then divide that number by the CPI used in the previous year and add 1 to equal the Inflation Adjustor. The Inflation Adjustor shall be rounded to the second decimal place. The maximum annual Inflation Adjustor, for each one-year period, shall not be less than 0.96 or exceed 1.04. Example of Annual Inflation Adjustor Calculation: Commencement Date adjustor: CPI for Commencement Date: (the February 2023 published CPI, anticipated to be posted in March 2023 to the reported CPI nearest to the final Proposal Date ( 20 ), which was posted in ( 20 ). Use the actual CPI nearest to the final Proposal Date of 144.327 [example used as a placeholder]. Use the actual Proposal Date CPI (144.327 [example used as a placeholder]) and [an example] Commencement Date CPI of 147.201: Index Point Change: 147.201– 144.327 = 2.874 Inflation Adjustor: (2.874 * .75) / 144.327 + 1 = 1.01 (rounded to second decimal place). Thereafter the most recent CPI reported as of July 1st of the current year will be compared to the CPI used from the previous year (e.g., the April CPI, usually posted in May compared against the CPI used from the previous year)]. [For ...
Sample 1
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Inflation Adjustor 
Sample 1

Related to Inflation Adjustor

  • Compensation Adjustments Any compensation agreed to hereunder may be adjusted from time to time by mutual agreement by attaching revised Schedules A or B to this Agreement.

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • ECONOMIC ADJUSTMENT Beginning twelve (12) months after the effective date of this Statewide Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices for Services shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of one year of the effective date each year. Prices shall be adjusted on February 1st. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Pricing/Base Period Index)

  • Pay Adjustments (1) Where the rate of pay of a position or job is adjusted upwards, the employee shall be placed on the lowest step of the new pay range which will give him/her a monthly increase and the increment anniversary shall be that date.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • CONSUMER PRICE INDEX ADJUSTMENTS 20.1 The Licence Fee payable by the Licensee will be adjusted automatically each year, on 1 July, in accordance with the official Consumer Price Index (CPI) as published by Statistics South Africa.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • EQUITY ADJUSTMENTS The parties subscribe to the principle of equal pay for work of equal value. The parties will continue to move towards the mutual goal of the Community Social Services Sector achieving the objectives set out in Sections A(1), (2) and (3) above, as follows:

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