Common use of Increases and Decreases Clause in Contracts

Increases and Decreases. a. Any future increase in the percentage rate of the retirement contribution above the rate set forth in NRS 286.421 will be borne equally by the Authority and Ambassador and will be paid in the manner provided by NRS 286.421. b. Any decrease of the retirement contribution will be shared equally by the Authority and the Ambassador.

Increases and Decreases. a. Any future increase in the percentage rate of the retirement contribution above the rate set forth in NRS 286.421 will be borne equally by the Authority and Ambassador employee and will be paid in the manner provided by NRS 286.421. b. Any decrease of the retirement contribution will be shared equally by the Authority and the Ambassadoremployee.