Pricing Matrix Quarterly Adjustment Schedule Clause Samples

The Pricing Matrix Quarterly Adjustment Schedule clause establishes a mechanism for regularly updating the prices listed in a contract according to a predetermined schedule, typically every quarter. This clause outlines how and when price adjustments will occur, often referencing specific indices, market conditions, or cost factors that trigger changes. For example, the prices for goods or services may be reviewed and modified at the start of each quarter to reflect fluctuations in raw material costs or inflation rates. The core function of this clause is to ensure that pricing remains fair and current throughout the contract term, thereby protecting both parties from unexpected market volatility and maintaining the economic balance of the agreement.
Pricing Matrix Quarterly Adjustment Schedule. Please note: You will have the opportunity to be update the ‘Percentage Discount of Levy Funding’ in your pricing matrix(s) on a quarterly basis, as per the dates specified in the ‘Pricing Matrix Quarterly Adjustment Schedule’ below. Failure to update your ‘Percentage Discount of Levy Funding’ on the specified quarterly date(s) will mean you will not be able to update your prices until the following quarter. 2nd July 2019 1st October 2019 2nd January 2020 1st April 2020 1st July 2020 1st October 2020 4th January 2021 1st April 2021 1st July 2021 1st October 2021 3rd January 2022 1st April 2022 1st July 2022 3rd October 2022 2nd January 2023 3rd April 2023 2nd July 2023 2nd October 2023 2nd January 2024 1st April 2024 1st July 2024 1st October 2024 2nd January 2025
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Related to Pricing Matrix Quarterly Adjustment Schedule

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Placement on Salary Schedule The following rules shall be applicable in determining placement of a teacher on the appropriate salary schedule.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • Shift Schedule The words "shift schedule" when used in this Agreement shall mean a timetable of the shifts and off days assigned to a position or group of positions which commences at the beginning of a pay period and includes one complete rotation of said shifts.

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner: