Reduction Clause. Contractor shall keep pricing fixed for each year of this Agreement. Thereafter, SPD and the Contractor may adjust pricing no more than once annually through an amendment to the Agreement at the time of Agreement renewal. Contractor shall submit all pricing increase requests to SPD directly or through the agency contact in writing and provide substantiating evidence that each request is based on demonstrable market changes impacting the cost of products. The request must show all proposed increases by line item and include supporting documentation acceptable to SPD (such as a letter from a manufacturer indicating price increases, etc.) SPD’s decision on what is acceptable in this context is final and shall be accepted by all parties to the Agreement. Requested price increases that exceed 10% will not be accepted. No price increase may result in a higher profit margin for the Contractor than at the beginning of the initial term of this Agreement. Pricing changes will apply to Agreements and amendments to Agreements entered on and after the effective date of the price change. Price decreases as well as increases shall apply in the same manner. If vendor's prices are reduced for any reason, users shall receive the benefit of such reductions, immediately. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. To facilitate prompt consideration, all requests for price increase must include all information listed below:
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by the State Purchasing Division on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price increases will only be considered concurrently with the Annual Extension of the Price Agreement and when the contractor provides proof from the manufacturer of the increase. Vendor must supply documentation from the Manufacture addressed to the vendor. The documentation must state that they are increasing the price from the factory to the vendor, as well as the reason for the increase. Price decreases as well shall apply. If the vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases and/or decreases will not be retroactive to orders already in-house or back-ordered. Orders will be filled at the price in effect of the date of the receipt of the order by the vendor. Increases due to bidding errors will be considered on a case-by-case basis. All requests for price increases must include the following information from the vendor:
1) Contract Item Number
2) Current Item Price
3) Proposed New Price and/or Percentage of Increase
4) Manufacturer/Supplier Notification of price increase indicating percentage of increase including reason for increase. Extension requests must be received at least 15 days prior to the expiration date of the Price Agreement. Any letters received after that will not be accepted. Postmarks do not count. Awarded vendor(s), upon request, shall furnish the User Agencies with a copy of the price schedule(s) and flat rate manuals, or relevant parts thereof, at no additional cost. Furthermore, the awarded vendor(s) shall insure that all work will be professionally diagnosed, and that maintenance repairs and/or adjustments will be performed only by factory trained and certified mechanics and/or ASE certified mechanics. Awarded vendor(s) shall have adequate manufacturers or commercially published repair and specifications manual(s) for all motor vehicles bid. Vendors bidding are cautioned that they must insure the user agencies that they have the capability and facilities to provide the services they are bidding. Vendors lacking the above may have their bid rejected or Statewide Price Agreement cancelled. The user agency reserves the right to inspect the prospective vendor's motor vehicle repair facility prior to and/or ...
Reduction Clause. In the event of a product cost increase/decrease, an escalation/reduction request will be reviewed by the Requesting Department and the CPO or his/her designee on an individual basis. This measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Effective dates for increase/decrease will not be any sooner than fifteen (15) days from the request is received by the Requesting Department and the CPO or his/her designee. To facilitate prompt consideration, all requests for price increases must include all information below:
Reduction Clause. For areas reflected in this Appendix, the Company reserves the right to maintain the alternative shift schedule, however, when reduction of positions are required due to circumstances such as loss of products or declining sales, the Company will make every attempt to first reduce such jobs from the Alternate shifts provided that said reductions correspond with business/operational demands in these areas.
Reduction Clause. If jobs within the Lititz facility are reduced in the future due to such cir- cumstances as loss of products or declining sales, the Company will make every attempt to first reduce such jobs from the Alternate shifts.
Reduction Clause. In the event of a product cost increase, an increase will be reviewed by this office on an individual basis. Please be aware, this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. Chassis: Chassis will be provided by the user agency. The wildland truck bed unit shall be built according to the length and width measurements for a current year or late model vehicle, in either two door, four door extended cab or four door crew cab/chassis configurations.
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by this office on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. Effective dates for increase will not be any sooner than fifteen days from the date the written request is received by this office. To facilitate prompt consideration, all requests for price increases must include all information listed below:
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by this office on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor.
Reduction Clause. The amount of life insurance will reduce by upon attainment of age with a further reduction of of the original amount each year thereafter, ceasing at age The life insurance between age and will in no event reduce to less than The reduction clause will apply only to employees who continue to work beyond age For the purposes of the plan, “annual earnings’’ means the annual rate of earning in force, excluding payments in the way of overtime, commissions, bonuses or The life insurance benefit, if you elected coverage of twice annual earnings, will be changed coincident with any increases in your annual rate of earnings. If you are absent from work on that date for reason of sickness or accident, your coverage will increase on the date you return to your normal full-time occupation.
