Monetary Adjustments Clause Samples

The Monetary Adjustments clause establishes the procedures for modifying payment amounts under a contract in response to specific circumstances, such as changes in scope, costs, or market conditions. Typically, this clause outlines how parties can request adjustments, the documentation required to support such requests, and the process for agreeing on revised amounts. Its core function is to provide a fair and transparent mechanism for recalibrating financial obligations, thereby reducing disputes and ensuring that both parties are treated equitably when unforeseen changes affect the contract's value.
Monetary Adjustments. The Parties agree that any adjustments to the monetary consideration that Contractor is to provide Customer under this Agreement are reasonable estimates of the damages that Customer may suffer in light of the anticipated harm associated with the event related thereto and such adjustments to the monetary consideration that Contractor is to provide Customer do not constitute penalties.
View SourceView Similar (2)
Monetary Adjustments. The Parties agree to the following Monetary Adjustments: March 01, 2002 (retroactive) $0.25/hour increase to wages February 28, 2007 (retroactive) $0.30/hour increase to Health & Welfare Fund March 01, 2003 $0.55 per hour increase to wages March 01, 2004 $0.55 per hour increase to wages March 01, 2005 $0.50 per hour to be determined March 01, 2005 $0.05 per hour to Health & Welfare Fund • The Union shall advise the Companies no later than January 31st of each year of the decision of the membership relative to the monetary allocation. SCHEDULE OF EMPLOYER CONTRIBUTIONS (Year) 2002 2003 2004 *2005 Health & Welfare $2.10 $2.10 $2.10 $2.15 Pension $2.05 $2.05 $2.05 *$2.05 App. Trade & Promo Fund $0.135 $0.135 $0.135 $0.135 Tool Allowance $0.05 $0.05 $0.05 $0.05 Rehab Plan $0.02 $0.02 $0.02 $0.02 **Union Check-off $0.70 $0.70 $0.70 $0.70 *To be reviewed. ** Employee Deduction ADDENDUM # 2 BETWEEN‌ (CA 70%) 01 - 06 months = $16.37/hour + $0.75/hour metro travel = $17.12 per hour (CA 75%) 07 - 12 months = $17.54/hour + $0.75/hour metro travel = $18.29 per hour (CA 80%) 13 - 18 months = $18.70/hour + $0.75/hour metro travel = $19.45 per hour (CA 85%) 19 - 24 months = $19.87/hour + $0.75/hour metro travel = $20.62 per hour (CA 90%) 25 - 30 months = $21.04/hour + $0.75/hour metro travel = $21.79 per hour (CA 95%) 31 - 36 months = $22.21/hour + $0.75/hour metro travel = $22.96 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.19/hour + $0.75/hour metro travel = $26.94 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $28.82/hour + $0.75/hour metro travel = $29.57 per hour (CA 70%) 01 - 06 months = $16.54/hour + $0.75/hour metro travel = $17.29 per hour (CA 75%) 07 - 12 months = $17.72/hour + $0.75/hour metro travel = $18.47 per hour (CA 80%) 13 - 18 months = $18.90/hour + $0.75/hour metro travel = $19.65 per hour (CA 85%) 19 - 24 months = $20.09/hour + $0.75/hour metro travel = $20.84 per hour (CA 90%) 25 - 30 months = $21.27/hour + $0.75/hour metro travel = $22.02 per hour (CA 95%) 31 - 36 months = $22.45/hour + $0.75/hour metro travel = $23.20 per hour (CM 112%) ▇▇▇▇▇▇▇ = $26.47/hour + $0.75/hour metro travel = $27.22 per hour (CM 116%) General ▇▇▇▇▇▇▇ = * $29.121/hour + $0.75/hour metro travel = $29.85 per hour (CA 70%) 01 - 06 months = $16.93/hour + $0.75/hour metro travel = $17.68 per hour (CA 75%) 07 - 12 months = $18.14/hour + $0.75/hour metro travel = $18.89 per hour (CA 80%) 13 - 18 months = $19.34/hour + $0.75/hour metro travel = $20.09 per hour (CA 85%) 19 - 24 months = $20.55/hour + ...
View SourceView Similar (2)
Monetary Adjustments. All monetary grievances that are mutually agreed upon shall be paid on the following pay period or as soon as reasonable, but in any case, not more than two pay periods from the date of resolution.
View SourceView Similar (2)

Related to Monetary Adjustments

  • Voluntary Adjustments To the extent permitted by applicable law and applicable requirements of the Exchange, the Company is permitted to increase the Conversion Rate of the Notes by any amount for a period of at least 20 Business Days if such increase is irrevocable for such period and the Board of Directors determines that such increase would be in the Company’s best interest; provided that the Company must give at least 15 days’ prior notice of any such increase in the Conversion Rate. To the extent permitted by applicable law and applicable requirements of the Exchange, the Company may also (but is not required to) increase the Conversion Rate to avoid or diminish income tax to holders of Common Stock or rights to purchase shares of Common Stock in connection with a dividend or distribution of shares (or rights to acquire shares) or similar event.

  • Royalty Adjustments The following adjustments shall be made, on a Licensed Product-by-Licensed Product and country-by-country basis, to the royalties payable pursuant to this Section 5.5:

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Closing Adjustments Adjustments to the Purchase Price shall be made between Seller and Purchaser and shall be prorated on a per diem basis as of the Closing Date. The Closing Date shall be a day of income and expense for Purchaser. The following items shall be prorated and adjusted between Seller and Purchaser as of the Closing Date, except as otherwise specified: 9.1 Prepaid rents and other prepaid charges collected by Seller from Tenant for the month of Closing shall be prorated by credit to Purchaser. Rents and other charges which relate to periods prior to Closing which have not been collected as of Closing (collectively "Delinquent Rents") shall not be prorated. Seller shall have the right to collect Delinquent Rents from Tenant, which may include legal proceedings against Tenant as Seller deems appropriate, provided no such action shall demand possession or termination of the Lease. Any rents collected after closing shall be applied against the receivable as indicated by Tenant, provided if not specifically identifiable, rents collected after Closing from Tenant shall be applied: (i) first, rents due for the month in which such payment is received, (iii) second, to rents attributable to any period after Closing which are past due on the date of receipt, and (iv) third, to Delinquent Rents. After Closing, Seller shall promptly remit to Purchaser any rents received relating to periods after Closing and Purchaser shall promptly remit to Seller any Delinquent Rents received. The provision of this Section 9.1 shall survive Closing. 9.2 Real estate taxes, water, electricity, sewer, gas, telephone and other utilities and charges which are paid directly by Tenant under the Lease shall not be prorated. 9.3 To the extent that errors are discovered in, or additional information becomes available with respect to, the prorations and allocations made at Closing, Seller and Purchaser agree to make such post-Closing adjustments as may be necessary to correct any inaccuracy; however, all prorations (except for prorations and allocations of (i) ad valorem taxes, (ii) tenant reimbursables of taxes and operating expenses, as applicable and (iii) prorations or allocations that are then currently in dispute) shall be final no later than six (6) months after Closing.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.