Change Adjustment definition

Change Adjustment means: (a) in respect of each of “FXD”, “VCRPI” and “VCAWE” Annual Franchise Payment Components, an amount equivalent to the amount of the difference between: (i) the Baseline Total for that component; and

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Change Adjustment means: (a) in respect of each of “FXD”, “VCRPI”, “VCAWE” and “RRPI” Annual Franchise Payment Components, an amount equivalent to the amount of the difference between: (i) the Baseline Total for that component; and (ii) the Change Total for that component, on the basis that: (iii) where a Change Total is higher than the Baseline Total for any of the “FXD”, “VCRPI” and “VCAWE” Annual Franchise Payment Components, this shall result in an increase in that Annual Franchise Payment Component (and that where a Change Total is less than the Baseline Total for that component, this shall result in a reduction in that Annual Franchise Payment Component); and (iv) where a Change Total is higher than the Baseline Total for the RRPI Annual Franchise Payment Component, this shall result in a decrease in that Annual Franchise Payment Component (and that where a Change Total is less than the Baseline Total for that component, this shall result in an increase in that Annual Franchise Payment Component); and (b) in respect of “PRPI” Annual Franchise Payment Component, the amount agreed by the parties or determined by the Secretary of State is required by the provisions of Appendix 3 (Agreement or Determination of Change Adjustment relating to Profit) to Schedule 9.1 (Financial and Other Consequences of Change) in respect of a Change;

Change Adjustment means an adjustment to the Unitary Charge and the Adjusted Financial Model in terms of Part 10 of the Schedule (Change Adjustment) following:-

Examples of Change Adjustment in a sentence

Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means any occurrence of any event or condition, as set forth in Sections 4.04(a), (b), (c), (d), (e), (f) or 4.05(a) of the Indenture, that would result in an adjustment under the Indenture to the “Conversion Rate” or any other term of the Convertible Notes; provided that in no event shall there be any adjustment hereunder as a result of a Fundamental Change Adjustment or a Discretionary Adjustment.
Refer to Exhibit 4 for Economic Change Adjustment terms and methodology.
Adjustment to Minimum Acceptance Criteria: No Change Adjustment to Performance Guarantees: No Change Adjustment to Design Basis: No Change.
Notwithstanding Section 11.2(e) of the Equity Definitions, a “Potential Adjustment Event” means any occurrence of any event or condition, as set forth in Section 5.06 of the Indenture that would result in an adjustment to the Conversion Rate of the Convertible Notes; provided that in no event shall there be any adjustment hereunder as a result of the Fundamental Change Adjustment or Discretionary Adjustment provisions of the Indenture.
When an employee’s position is eliminated as a result of technological change or reorganization resulting from technological change, then pursuant to Article 26 Technological Change Adjustment, the employee shall be entitled to two (2) weeks’ pay for each year of service, pro-rated for part years.
For purposes of the comparison under this subsection (d), the Monthly Service Charges will not include (i) any Economic Change Adjustment applied to such Charges and (ii) any Charges for Projects.
As of any date, a number of Shares per Option equal to the “Conversion Rate” (as defined in the Indenture, but without regard to any adjustments to the Conversion Rate pursuant to a Fundamental Change Adjustment or a Discretionary Adjustment).
For purposes of the comparison under this subsection (c), the Monthly Service Charges will not include (i) any Economic Change Adjustment applied to such Charges and (ii) any Charges for Projects.
The Fixed Fees, the Variable Fees, the SI Services Fees, Economic Change Adjustment, and any other charge provisions set forth in the Agreement shall in the aggregate compensate IBM for its provision of the Designated Services and the Termination Assistance Services.
As of any date, a number of Shares per Option equal to (i) the “Conversion Rate” (as defined in the Indenture and as described in the Prospectus Supplement under “Description of Notes—Conversion Rights—General, but without regard to any Fundamental Change Adjustment or a Discretionary Adjustment) multiplied by (ii) the Applicable Percentage.

More Definitions of Change Adjustment

Change Adjustment means an adjustment to the Performance Payments calculated in accordance with Appendix A to this Schedule

Change Adjustment means an alteration to the Annual Services Fee which in terms of this Agreement is directed to be made pursuant to Section 24 of the Schedule (Change Adjustments);

Change Adjustment means: (a) in respect of each of “FXD”, “VCRPI”, “VCAWE” and “RRPI” Reporting Period Franchise Payment Components, an amount equivalent to the amount of the difference between: (i) the Baseline Total for that component; and (ii) the Change Total for that component, on the basis that: (iii) where a Change Total is higher than the Baseline Total for any of the “FXD”, “VCRPI” and “VCAWE” Reporting Period Franchise Payment Components, this shall result in an increase in that Reporting Period Franchise Payment Component (and that where a Change Total is less than the Baseline Total for that component, this shall result in a reduction in that Reporting Period Franchise Payment Component); and (iv) where a Change Total is higher than the Baseline Total for the RRPI Reporting Period Franchise Payment Component, this shall result in a decrease in that Reporting Period Franchise Payment Component (and that where a Change Total is less than the Baseline Total for that component, this shall result in an increase in that Reporting Period Franchise Payment Component); and (b) in respect of “PRPI” Reporting Period Franchise Payment Component, the amount agreed by the parties or determined by the Secretary of State is required by the provisions of Appendix 3 (Agreement or Determination of Change Adjustment relating to Profit) to Schedule 9.1 (Financial and Other Consequences of Change) in respect of a Change;