Contractually Agreed Price definition
Contractually Agreed Price means the initial price charged to the member of the Class pursuant to agreement between it and Stericycle, as reflected in Stericycle’s customer transaction database. In the event of a price change not identified by Stericycle’s customer transaction database as being the result of the Challenged Pricing Practice, that changed price becomes the Contractually Agreed Price for purposes of calculating Gross Compensation Basis for any later price changes as described in the definition of the term Gross Compensation Basis.
Examples of Contractually Agreed Price in a sentence
The Class is defined as follows: All persons and entities that, between March 8, 2003 through the date of Preliminary Approval resided in the United States (except Washington and Alaska), were identified by Stericycle as a “Small Quantity” or “SQ” customer, and were charged and paid more than their Contractually Agreed Price for Stericycle’s medical waste disposal goods and services.