Common use of Change in Fee Clause in Contracts

Change in Fee. If you contract for additional services for which the fee is based on professional time, the fee will be determined in accordance with the hourly rates in effect at the time of service. The hourly fees are set as of each January 1. The current calendar year hourly rates are as set forth in Exhibit B. The hourly fees for subsequent years will not exceed the stated fees by more than 5% per annum.

Appears in 3 contracts

Sources: Gasb 75 Valuation Services Agreement, Gasb 75 Valuation Services Agreement, Gasb 75 Valuation & Related Services Agreement