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Market Review Sample Clauses

Market ReviewThe County shall conduct periodic market reviews of classifications to ensure that the salaries are remaining competitive with the labor market. HR will identify those classifications scheduled for market review. HR shall follow the Thurston County Compensation Methods and Procedures adopted May 16, 2005, gather and analyze the data, and formulate a salary recommendation.
Market Review. A rent review based on market rent will establish the current market rent for the Land by agreement between the Parties and failing agreement, will be determined in accordance with the following provisions: (a) The Landlord shall notify the Tenant of the amount that it reasonably considers is the current market rent for the Land. (b) If the Tenant does not dispute the amount notified, that amount becomes the Rent. (c) If the Tenant disputes the current market rent as notified by the Landlord, it must notify the Landlord of that dispute (Dispute Notice) within 14 days after receiving the Tenant’s notification. The Tenant must comply with this time limit to dispute the notified amount. (d) If the Tenant gives a Dispute Notice, then the current market rent for the Land will be determined at the expense of the Tenant by the Valuer General or a suitably qualified and experienced valuer licensed under the Land Valuers Licensing Act 1978 (Valuer), to be appointed, at the request of either Party, by the President for the time being of the Australian Property Institute (Western Australian Division) (or if such body no longer exists, such other body which is then substantially performing the functions performed at the Commencement Date by that Institute). (e) The Valuer General or the Valuer (as the case may be) will act as an expert and not as an arbitrator and his or her decision will be final and binding on the Parties. The Parties will be entitled to make submissions to the Valuer General or the Valuer. (f) In this clause, “current market rent” means the rent obtainable for the Land in a free and open market on the basis that the Land is unoccupied and offered for rental for a use for which the Land is permitted pursuant to this Lease and on the same terms and conditions contained in this Lease, BUT will not include:
Market Review. Where the Review Method for any Review Date is a Market Review, then the Rent must be reviewed to the Current Market Rent.
Market Review. 2.1 On each review date the rent will become the market rent on that review date. The effect of this paragraph is that the market rent could be less than the rent at a review date. Therefore on a review date the rent is capable of being reviewed on an “upwards” and “downwards” basis. 2.2 If after the start date we agree with you that you are no longer obliged to purchase specified products from us or our nominated suppliers (in addition to any release in paragraph 3.1 of Section 10) then paragraph 2.1 of this Section will not apply. If this is the case: • on each review date the rent will be the greater of the rent payable immediately prior to the review date and the market rent; and • the provisions of this paragraph will apply with effect from the date on which you are released from your purchasing obligations under this agreement.]
Market Review. Review and assess competitive and ------------- market conditions of each of the Hotels.
Market Review. Where the Review Method for any Review Date is a Market Review then the Rent will be reviewed to the Current Market Rent as follows: 4.3.1 the Council may, within 6 months prior to the Review Date, give the Lessee written notice stating the Council’s assessment of the Current Market Rent; 4.3.2 the Rent from and including the relevant Review Date is the amount stated in the Council’s notice under clause 4.3.1 unless the Lessee gives the Council notice in writing within fourteen (14) days after the Council’s notice disagreeing with that amount; 4.3.3 if the Council and Lessee do not agree the Current Market Rent under this clause 4.3 then the Current Market Rent must be determined by a Valuer. The cost of the Valuer will be borne equally by both parties; and 4.3.4 the Valuer’s decision must be made within sixty (60) days of appointment and will be provided in writing (with detailed reasons for the determination including specifying the matters required to be taken into account under this Lease in making that determination) and that decision will be final and binding on the Council and the Lessee.
Market Review. In fiscal year 2017 (July 1, 2016 through June 30, 2017), the City will initiate a comprehensive market review based on mutually agreed upon (between the City and the Union) benchmark classifications. Comparable markets will be identified by the party conducting the review, with agreement from the City and the Union. Prior to implementation, the City and the Union will both be given adequate time to review and respond to the proposed results of the review. Previous agreements stipulated a response period of 30 days, but given the volume of reviews being completed, both City and Union agree that reasonable flexibility in timelines associated with the review will be needed, while also acknowledging a shared value in a timely resolution of the review. The results of the review will be implemented in fiscal year 2018 and made retroactive to July 1, 2017. If the market review demonstrates that a classification is more than 5% but less than 10% below market, it will be adjusted one salary grade. If the market review demonstrates that a classification is more than 10% below market, the City will make every effort to implement pay adjustments in fiscal year 2018. However, based on overall budget impact, the City may implement the salary adjustments using a “least cost” method dependent on overall budget impact, wherein the classification will be adjusted by one salary grade salary grade effective July 1, 2017 and by any additional salary grade(s) effective July 1, 2018.
Market ReviewThe City will conduct classification and market reviews of all existing classifications on a three-year cycle. The three-year cycle will begin upon completion of the Market Study Settlement Agreement and 30 days following the date notice of all settlement impacted classifications has been provided. Each year the City will review between 30 and 40 classifications. Each classification will be reviewed individually. The City reserves the right to select the order in which the reviews occur. Each quarter the City will notify the Union of the classification reviews that will begin the following quarter to allow for planning and implementation of the classification review process. The parties agree to not to conduct any market reviews or classification studies until the Market Study Settlement Agreement is completed and 30 days following the date notice of all settlement impacted classifications has been provided. However, if both parties agree then classifications may be evaluated between the completion of the Market Settlement and reopening this article. Classifications added by mutual consent will be evaluated through the parties Market Settlement Agreement process. Upon completion of the Market Study Settlement Agreement and 30 days following the date notice of all settlement impacted classifications has been provided, the parties agree to reopen 15.10 and 15.11 to bargain the process and methodology to be used for the classification and market reviews.
Market ReviewThe Landlord may review the annual rent on each Review Date when there is to be a Market Review as follows: 1 Not earlier than three months before the Review Date and not later than sixty days after the Review Date the Landlord must give the Tenant notice of the new rental it proposes be paid by the Tenant during that period or part thereof being the rent advised to it by its valuer.
Market Review. Lessor or Lessee need to indicate within three months prior/after the term of the lease that they intend to do a market review.