Regulatory Increases Clause Samples

Regulatory Increases. If there (a) is a tax, charge, fee or other cost or expense that is newly enacted or newly imposed on, applicable to, charged to or payable by Guardian that is related to any of its operations or performance under the Agreement by a governmental or regulatory body, whether municipal, state, federal or otherwise, or (b) are costs that Guardian incurs to be compliant with laws or regulations that are newly enacted or newly applicable to Guardian’s facilities, operations, or performance under the Agreement, then Guardian may request, in writing, price relief from Customer to defray such costs and expenses (the “Regulatory Increase Request”). Customer shall have 10 days after the date of the Regulatory Increase Request to object in writing. If Customer does not object to the Regulatory Increase Request by such date, then Customer shall be deemed to have accepted the Regulatory Increase Request and the Product Price shall be increased by the amount and as of the date specified in the Regulatory Increase Request. If Customer objects to the Regulatory Increase Request, Guardian and Customer will discuss such objection and if the Parties cannot reach agreement regarding the amount of the increase by the date that is 30 days after the date of request, then Guardian may terminate the Agreement, in whole or in part, with immediate effect.
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Related to Regulatory Increases

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range: i) all continuous service shall be retained and transferred with the employee if she/he changes her/his status from full-time to part- time and vice versa. ii) a part-time employee who changes status to full-time will be given credit on the basis of fifteen hundred (1500) paid hours of part- time being equivalent to one (1) year of full-time service and vice versa. iii) in addition, an employee who is so transferred will be given credit for paid hours accumulated since the date of last advancement. (b) Annual increments for full-time employees shall be paid on their anniversary date. (c) Annual increments for part-time employees shall be paid on the completion of each fifteen hundred (1500) hours worked.

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will: (1) agree on the amount of the increase; (2) agree on any terms and conditions that will apply to the increase; and (3) execute an amendment to this Agreement that reflects the agreement reached.

  • Annual Increments ‌ 12.1 Employees will proceed to the maximum of their salary range by annual increments, after 12 months’ continuous service at each increment point, unless there is an adverse report on the Employee's performance or conduct which recommends the non-payment of an annual increment. 12.2 The following process will apply where a report on an Employee’s performance or conduct recommends the non-payment of an annual increment: (a) The Employee will be shown the report prior to completing 12 months’ continuous service since their last incremental advance; (b) The Employee will be provided with an opportunity to comment in writing; (c) The Employee’s comments will be considered immediately by the Employer and a decision made as to whether to approve the payment of the increment or withhold payment for a specific period; and (d) Where the increment is withheld, the Employer before the expiry of the specified period will complete a further report and the above provisions will apply. 12.3 The non-payment of an increment will not change the normal anniversary date of any further increment payments. 12.4 For the purposes of this clause "continuous service", except where an increment is payable according to age, will not include any period: (a) exceeding 14 calendar days during which an Employee is absent on Leave Without Pay. In the case of leave without pay which exceeds 14 calendar days the entire period of such Leave Without Pay is excised in full; (b) which exceeds six (6) months in one continuous period during which an Employee is absent on workers' compensation. Provided that only that portion of such continuous absence which exceeds six (6) months will not count as "continuous service"; and (c) which exceeds three (3) months in one (1) continuous period during which an Employee is absent on Personal Leave without pay. Provided that only that portion of such continuous absence which exceeds three (3) months will not count as "continuous service".

  • Annual Increases On each anniversary of Employee's termination from employment, any remaining amounts to be paid during the next year pursuant to this Paragraph 9 shall be increased to an amount equal to one hundred ten percent (110%) of the amounts required to be paid by Employer hereunder under the provisions of this Paragraph 9 during the preceding year.

  • SENIORITY INCREMENTS 1. ENTRY AT THE FIRST STEP 180. Full-time employees entering at the first step shall advance to the second step upon completion of six months service and to each successive step upon completion of the one year required service. 2. ENTRY AT OTHER THAN THE FIRST STEP 181. Employees who enter a classification at a rate of pay at other than the first step shall advance one step upon completion of the one year required service. Further increments shall accrue following completion of the required service at this step and at each successive step.