Common use of Adjustment and Cancellation Clause in Contracts

Adjustment and Cancellation. 5.1. Adjustment due to indexation of amounts We are permitted to adjust the amounts in this Execution Agreement annually. We generally use an index figure for this. The index figure is based on the negotiated (collective labour agreement) wages per month including special remunerations (total) and the consumer price index (all households). This data is provided by Statistics Netherlands [Centraal bureau voor de statistiek; CBS]. We follow the changes set by the CBS. We calculate an average of this index over several months. As a standard procedure, indexation takes place on 1 January. If the amounts are not adjusted by an index figure, we may apply a market and cost-price-related adjustment.

Adjustment and Cancellation. 5.1. Adjustment due to indexation index-linking of amounts We are permitted to adjust the amounts in this Execution Agreement annually. We generally use an index figure for this. The index figure is based on the negotiated (collective labour agreement) wages per month including special remunerations (total) and the consumer price index (all households). This data is provided by Statistics Netherlands [Centraal bureau voor de statistiekStatistiek; CBS]. We follow the changes set by the CBS. We calculate an average of this index over several months. As a standard procedure, indexation index-linking takes place on 1 January. If the amounts are not adjusted by an index figure, we may apply a market and cost-cost price-related adjustment.

Adjustment and Cancellation. 5.1. Adjustment due to indexation index-linking of amounts We are permitted to adjust the amounts in this Execution Agreement annually. We generally use an index figure for this. The index figure is based on the negotiated (collective labour agreement) wages per month including special remunerations (total) and the consumer price index (all households). This data is provided by Statistics Netherlands [Centraal bureau voor de statistiek; CBS]. We follow the changes set by the CBS. We calculate an average of this index over several months. As a standard procedure, indexation takes place on 1 January. If the amounts are not adjusted by an index figure, we may apply a market and cost-cost price-related adjustment.

Adjustment and Cancellation. 5.1. Adjustment due to indexation of amounts We are permitted to adjust the amounts in this Execution Agreement annually. We generally use an index figure for this. The index figure is based on the negotiated (collective labour agreement) wages per month including special remunerations (total) and the consumer price index (all households). This data is provided by Statistics Netherlands [Centraal bureau voor de statistiek; CBS]. We follow the changes set by the CBS. We calculate an average of this index over several months. As a standard procedure, indexation takes place on 1 January. If the amounts are not adjusted by an index figure, we may apply a market and cost-price-related adjustment.