Common use of Adjustment of the Contract Clause in Contracts

Adjustment of the Contract. The adjustment of the contract, particularly the rate of contribution, takes place through notification of OSADL to the OSADL sponsoring member. The notification must take place at least four months prior to the end of the calendar year and may become effective only upon the beginning of the subsequent calendar year. If the sponsoring member does not object to the changes, then the Admission Agreement is changed in accordance with the sponsoring membership. If the member objects, then OSADL is entitled to a special termination right until two months prior to the end of the calendar year.

Adjustment of the Contract. The adjustment of the contract, particularly the rate of contribution, takes place through notification of OSADL to the OSADL sponsoring associate member. The notification must take place at least four months prior to the end of the calendar year and may become effective only upon the beginning of the subsequent calendar year. If the sponsoring associate member does not object to the changes, then the Admission Agreement is changed in accordance with the sponsoring associate membership. If the associate member objects, then OSADL is entitled to a special termination right until two months prior to the end of the calendar year.

Adjustment of the Contract. The adjustment of the contract, particularly the rate of contribution, takes place through notification of OSADL to the OSADL sponsoring memberassociate members. The notification must take place at least four months prior to the end of the calendar year and may become effective only upon the beginning of the subsequent calendar year. If the sponsoring associate member does not object to the changesadjustment, then the Admission Agreement is changed in accordance with the sponsoring membershipadjustment becomes effective accordingly. If the associate member objects, then the adjustment will not become effective, and OSADL is entitled to a special termination right until two months prior to the end of the calendar year.