Adjustment Computation Clause Samples

The Adjustment Computation clause defines the process for recalculating amounts or obligations under a contract when certain variables or conditions change. Typically, this clause outlines the specific factors that may trigger an adjustment, such as changes in market prices, costs, or regulatory requirements, and details the method or formula to be used for recalculating the relevant figures. Its core practical function is to ensure that the contract remains fair and balanced by providing a clear mechanism for updating terms in response to changing circumstances, thereby reducing disputes and maintaining the intended economic balance between the parties.
Adjustment Computation. If applicable, the adjustment will be derived at the Division level from Eligible Sales Representatives. o Computation: Subtract the sum of the Calculated Earnings of the Eligible Sales Representatives from the sum of the earnings that those Eligible Sales Representatives would have achieved at Total Targeted Compensation. Multiply this difference times 55% to determine the amount of the adjustment to be distributed. o Individual Portion: For each member of the Adjustment Group,
View SourceView Similar (3)
Adjustment Computation. If applicable, the adjustment will be derived at the Division level from Eligible Sales Representatives. o Computation: Subtract the sum of the Calculated Earnings of the Eligible Sales Representatives from the sum of the earnings that those Eligible Sales Representatives would have achieved at Total Targeted Compensation. Multiply this difference times 55% to determine the amount of the adjustment to be distributed. Major Account Executive $45,500 $1,750 3 $62,600 $78,300 $94,000 2 $59,900 $74,900 $89,900 1 $54,500 $68,100 $81,700 Premise Sales Representative* $42,000 $1,615 3 $36,800 $46,000 $55,200 2 $35,200 $44,000 $52,800 1 $32,000 $40,000 $48,000 Telephone Sales Representative* $28,600 $1,100 3 $28,700 $35,900 $43,100 2 $27,400 $34,300 $41,200 1 $25,000 $31,200 $37,400 *The representative may be functionally assigned the role of a “new account representative”. Premise Sales Representative Major Account Executive COMPENSATION OVERVIEW 2 COMPENSATION COMPONENTS 2
View Source
Adjustment Computation. If applicable, the adjustment will be derived at the DivisionBargaining Unit level from Eligible Sales RepresentativesBusiness Advisors. o Computation: Subtract the sum of the Calculated Earnings of the Eligible Sales RepresentativesBusiness Advisors from the sum of the earnings that those Eligible Sales RepresentativesBusiness Advisors would have achieved at Total Targeted Compensation. Multiply this difference times 55% to determine the amount of the adjustment to be distributed. The dollar amount determined under “Computation” will be distributed to employees in the Adjustment Group applying the following steps: o Individual Portion: For each member of the Adjustment Group,
View Source
Adjustment Computation. Commencing with the first day of the thirteenth (13th) full calendar month during the Term, and thereafter on each annual anniversary of such date during the Term (and any renewal thereof), the Rent [which term as used in this Rider means the Rent specified in Section 3(b), as adjusted from time to time pursuant to this Rider] shall be adjusted from time to time as follows: (a) The Rent in effect for each Lease Year (as defined below) shall be equal the product of (i) the Rent in effect for the immediately preceding Lease Year, multiplied by (ii) the greater of (A) one (1) or (B) the fraction in which CPI-2 (as defined below) is the numerator and CPI-1 (as defined below) is the denominator. In no event shall any adjustment made pursuant to this Rider or any decrease in the CPI ever result in a decrease in the Rent for any Lease Year below the Rent in effect at the end of the preceding Lease Year, which Rent shall, in that event, continue in effect until the next adjustment hereunder. Payment of the adjusted Rent amount shall begin on the first day of the first calendar month of the Lease Year to which such adjusted Rent applies. (b) As an example of the foregoing calculation for the increase in Rent, if the monthly Rent in the second Lease Year is $20,000.00, the CPI-1 is 1.50, and the CPI-2 is 1.55, then the monthly Rent for third Lease Year will be $20,000.00 x 1.55/1.50 = $20,666.67.
View Source

Related to Adjustment Computation

  • Interest Computation In computing interest on the Obligations, all checks, wire transfers and other items of payment received by Silicon (including proceeds of Receivables and payment of the Obligations in full) shall be deemed applied by Silicon on account of the Obligations three Business Days after receipt by Silicon of immediately available funds, and, for purposes of the foregoing, any such funds received after 12:00 Noon on any day shall be deemed received on the next Business Day. Silicon shall not, however, be required to credit Borrower's account for the amount of any item of payment which is unsatisfactory to Silicon in its sole discretion, and Silicon may charge Borrower's loan account for the amount of any item of payment which is returned to Silicon unpaid.

  • Audit Adjustment If any audit of the records, books or accounts relating to the Properties discloses an overpayment or underpayment of Management Fees, Owner or Manager shall promptly pay to the other party the amount of such overpayment or underpayment, as the case may be. If such audit discloses an overpayment of Management Fees for any fiscal year of more than the correct Management Fees for such fiscal year, Manager shall bear the cost of such audit.

  • CPI Adjustment If the CPI Percentage Increase (as defined below) is more than [***] for the relevant Adjustment Period, then the Rent payable during that Adjustment Period shall be adjusted upward by a percentage equal to the CPI Percentage Increase (as defined below) applicable to such Adjustment Period, but not to exceed an adjustment during any Adjustment Period of greater than [***]. The term “Consumer Price Index” shall mean the unadjusted Consumer Price Index for All Urban Workers, U.S. City Average, All Items, 1982-84=100, calculated and published by the United States Department of Labor, Bureau of Labor Statistics. The “CPI Percentage Increase” shall mean, with respect to any Adjustment Period, [***]. For the avoidance of doubt, no CPI Adjustment shall be made to any payment due under this Ground Lease for any Adjustment Period if the result of such CPI Adjustment would be to (a) reduce the amount of such payment to an amount that is less than the amount of such payment due for the immediately preceding Adjustment Period or (b) to raise the amount of such payment to an amount that is greater than [***]. For illustrative purposes only, [***]. The CPI Percentage Increase for any Adjustment Period shall be calculated by the Tenant, and the Tenant shall deliver written notice to the Landlord describing such calculation in reasonable detail (a “CPI Notice”) no later than thirty (30) days after the commencement of any Adjustment Period. If the Landlord disagrees with the Tenant’s calculation of the CPI Percentage Increase, then the Landlord shall deliver to the Tenant written notice, describing the basis for such disagreement in reasonable detail (a “CPI Disagreement Notice”), not later than thirty (30) days after delivery of the CPI Notice. If the Landlord fails to deliver a CPI Disagreement Notice within thirty (30) days after delivery of any CPI Notice, then the Landlord shall be conclusively deemed to have agreed with the calculation of the CPI Percentage Increase set forth in such CPI Notice.

  • Adjustment Date 6 Advance.......................................................................6 Affiliate.....................................................................6 Agreement.....................................................................6

  • Computation In the event the Prime Rate is changed from time to time hereafter, the applicable rate of interest hereunder shall be increased or decreased, effective as of the day the Prime Rate is changed, by an amount equal to such change in the Prime Rate. All interest chargeable under the Loan Documents shall be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed.