Common use of ADJUSTMENT CLAUSE Clause in Contracts

ADJUSTMENT CLAUSE. The Parties commit themselves to entering into negotiations regarding the adjustment of the Exhibit 4 –Shared IT Services Catalogue, in particular concerning the Volume Indicators, noted in Exhibit 4 –Shared IT Services Catalogue, in case the contractual basis has changed significantly. Once a year, typically during the annual budget planning (Apr – Jul) but latest till September 30 of each year, the Parties shall review and mutually agree on the individual Shared IT Services, the Volume Indicators and, the planned consumption volume applicable from October 1 until September 30 of the following year.