Market Factor Sample Clauses

The Market Factor clause defines how changes in market conditions, such as fluctuations in prices, interest rates, or other economic variables, impact the obligations or pricing under a contract. Typically, this clause outlines specific triggers or thresholds for market changes and describes the adjustments that will be made to contract terms, such as price revisions or renegotiation rights, if those triggers are met. Its core practical function is to allocate the risk of market volatility between the parties, ensuring that neither side is unfairly disadvantaged by unforeseen economic shifts during the contract term.
Market Factor. Certain job titles (as reflected on the salary schedule) are subject to a market factor pay differential. These market factors are subject to review at the discretion of the District not more than once per year. When reviewed, the employer will provide a copy of the results to the union. If analysis dictates any market factor is no longer appropriate, the employer will provide the union and affected employees with notice of desire to adjust as well as supporting documentation. Statutory mid-term bargaining procedures shall apply if the OSEA requires bargaining.
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Market Factor. If the District is required to hire an employee with specialized skills to meet its legal obligation to educate a student, the District may increase that position’s pay by a Market Factor of Adjustment of up to ten percent (10%).
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Market Factor. This will confirm the parties’ agreement to provide employees in the classifications noted below a non-pensionable market factor of one dollar and sixty-five cents ($1.65) per hour effective January 1, 2014. This market factor will not be considered part of the employee’s salary for any purposes, except when determining which step the employee shall be placed on upon implementation of the Government Job Evaluation System (JES). The market factor will cease to be paid on April 14, 2015. Sincerely, ▇▇▇▇▇▇▇ ▇▇▇ Chief Negotiator October 4, 2018 Mr. ▇▇▇▇▇ Farewell Representative Canadian Union of Public Employees P.O. Box 8745 Stn. ‘A’ St. John’s, NL A1B 3T2 Dear Mr. Farewell:
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Market Factor. The Market Factor shall mean the following: (A) if the Market Price is less than or equal to $3.33-1/3 as of the Adjustment Date, the Market Factor shall equal $3.33-1/3; (B) if the Market Price is greater than $3.33-1/3 but less than $8.00 as of the Adjustment Date, the Market Factor shall equal the Market Price; and (C) if the Market Price is greater than or equal to $8.00 as of the Adjustment Date, the Market Factor shall equal $8.00; provided, however, that notwithstanding clauses (A), (B) and (C) of this Section 3(ii), if the Market Price (which, as defined below, is an average of the Closing Prices over a period of 15 consecutive trading days) equals $8.00 or more at any time prior to the Adjustment Date, the Market Factor shall equal $8.00.
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Market Factor. This will confirm the parties‟ agreement to provide employees in the classifications noted below a non-pensionable market factor one dollar and sixty-five cents ($1.65) per hour effective January 1, 2014. This market factor will not be considered part of the employee‟s salary for any purposes, except when determining which step the employee shall be placed on upon implementation of the Job Evaluation System (JES). The market factor will cease to be paid on April 14, 2015. Sincerely, ▇▇▇▇▇ ▇▇▇▇▇▇▇ Chief Negotiator
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Related to Market Factor

  • Adjustment Factor The Bidder’s competitively bid price adjustment to the unit prices published in the Construction Task Catalog®.

  • NET INVESTMENT FACTOR The Net Investment Factor for any Subaccount as of the end of any Valuation Period is determined by dividing (1) by (2) and subtracting (3) from the result, where:

  • ADJUSTMENT FACTORS The Contractor will perform any or all Tasks in the Construction Task Catalog for the Unit Price appearing therein multiplied by the following Adjustment Factors. See the General Terms and Conditions for additional information.

  • Interest Factor With respect to this Floating Rate Note, accrued interest is calculated by multiplying the principal amount of such Note by an accrued interest factor. The accrued interest factor is computed by adding the interest factor calculated for each day in the particular Interest Reset Period. The interest factor for each day will be computed by dividing the interest rate applicable to such day by 360, in the case of a Floating Rate Note as to which the CD Rate, the Commercial Paper Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR or the Prime Rate is an applicable Interest Rate Basis, or by the actual number of days in the year, in the case of a Floating Rate Note as to which the CMT Rate or the Treasury Rate is an applicable Interest Rate Basis. In the case of a series of Notes that bear interest at floating rates as to which the Constant Maturity Swap Rate is the Interest Rate Basis, the interest factor for each day will be computed by dividing the number of days in the interest period by 360 (the number of days to be calculated on the base is of a year of 360 days with twelve 30-day months (unless (i) the last day of the interest period is the 31st day of a month but the first day of the interest period is a day other than the 30th or 31st day of a month, in which case the month that includes that last day shall not be considered to be shortened to a 30-day month, or (ii) the last day of the interest period is the last day of the month of February, in which case the month of February shall not be considered to be lengthened to a 30-day month)). The interest factor for a Floating Rate Note as to which the interest rate is calculated with reference to two or more Interest Rate Bases will be calculated in each period in the same manner as if only the applicable Interest Rate Basis specified above applied.

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.1500.