Inflation. Subject to the inflationary adjustment noted in this Section 7.2.2, the standard labor rates for Direct Fees and unit prices specified in a budget will remain fixed for the duration of a Project Addendum. In the event the Services in a Project Addendum extend beyond the year in which the Services were awarded, PPD will apply the inflation rates specified in each Project Addendum to the unit prices, and to the extent the Services are not captured in unit pricing, the inflation rates shall apply to the standard labor rates for Direct Fees. If a Project Addendum does not specify an inflation rate, PPD will apply inflation to the applicable unit prices, and to the extent the Services are not captured in unit pricing, inflation shall apply to the standard labor rates for Direct Fees, based upon the inflation forecast published in the Xxxxxx’x index for each region. [*] Confidential treatment requested; certain information omitted and filed separately with the SEC. PPD PROPRIETARY AND CONFIDENTIAL
Appears in 3 contracts
Samples: Master Development Services Agreement, Master Development Services Agreement (Furiex Pharmaceuticals, Inc.), Master Development Services Agreement (Furiex Pharmaceuticals, Inc.)
Inflation. Subject to the inflationary adjustment noted in this Section 7.2.2, the standard labor rates for Direct Fees and unit prices specified in a budget will remain fixed for the duration of a Project Addendum. In the event the Services in a Project Addendum extend beyond the year in which the Services were awarded, PPD will apply the inflation rates specified in each Project Addendum to the unit prices, and to the extent the Services are not captured in unit pricing, the inflation rates shall apply to the standard labor rates for Direct Fees. If a Project Addendum does not specify an inflation rate, PPD will apply inflation to the applicable unit prices, and to the extent the Services are not captured in unit pricing, inflation shall apply to the standard labor rates for Direct Fees, based upon the inflation forecast published in the Xxxxxx’x index for each region. [*] Confidential treatment requestedgranted; certain information omitted and filed separately with the SEC. PPD PROPRIETARY AND CONFIDENTIAL
Appears in 2 contracts
Samples: Master Development Services Agreement, Master Development Services Agreement (Furiex Pharmaceuticals, Inc.)
