Age Adjustment Sample Clauses

Age Adjustment. If the Company’s liability under any of the contracts reinsured under this Agreement is changed because of a misstatement of age, the Reinsurer will share in the change proportionately to the amount reinsured hereunder, and the Company and the Reinsurer will make any and all proportional adjustments thereunto.
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Age Adjustment. Age Adjustments will be based on the average fleet age during a Reporting Period and the factors set forth in the table below.. Maintenance Cost Benchmark Data will be adjusted to Maturity by dividing the cost for a given period by the Maturity Factor which corresponds to the average fleet age. The Target Maintenance Cost will be calculated by multiplying the Target Mature Maintenance Cost by the maturity factor corresponding to the average age of the Covered Aircraft at the time of the Reporting Period.
Sample 1
Age Adjustment. Age Adjustments will be based on the average fleet age during a Reporting Period and the factors set forth in the tables below. Maintenance Cost Benchmark Data will be adjusted to Maturity by dividing the cost for a given period by the Maturity Factor which corresponds to the average fleet age. The Target Maintenance Cost will be calculated by multiplying the Target Mature Maintenance Cost by the maturity factor corresponding to the average age of the Covered Aircraft at the time of the Reporting Period. The Composite Airplane table applies to the 787 PA 3780 Maintenance Cost Guarantee BOEING PROPRIETARY GOT-PA-03780-LA-1207830 aircraft; the MSG‑3 table applies to aircraft 757, 767, A‑310, A‑320, 777, MD‑11, A‑340, 717, 737‑600, 737‑700, 737‑800, 737‑900, and A‑380, and the Pre-MSG‑3 table applies to all other aircraft.
Sample 1
Age Adjustment. If an age is used to determine the premium charge for an [employee's] insurance and the age is found to be in error, the amount of the [employee's] insurance under any plan affected by the change in age will then be adjusted to reflect the amount that the premium paid would have provided at the correct age.] 26[Premium Contributions From [Employees] The [Policyholder] determines the amount, if any, of each [employee's] contribution toward the cost of the insurance under the [Policy].] 27 [ADDITIONAL PLAN ADMINISTRATIVE PROVISIONS For Disability Products [FICA Taxes. We will calculate and withhold the [Policyholder's] portion of FICA taxes under the disability plan(s). We will pay the [Policyholder's] portion of FICA taxes due on behalf of the [Policyholder].] Responsibilities of the [Policyholder]
Sample 1
Age Adjustment. If the amount of any of the Company's policies reinsured under this agreement is changed because of a misstatement of age, GRA will share in the change in the ratio of the amount reinsured to the total face amount of the policy reinsured. If the reinsured is still alive, GRA will share in the future payments in the same ratio, or if the original face amount is to be restored, GRA will share proportionately with the Company in all adjustments.
Sample 1
Age Adjustment. Age Adjustments will be based on the average fleet age during a Reporting Period and the factors set forth in the tables below. Maintenance Cost Benchmark Data will be adjusted to maturity by dividing the cost for P.A. No. 2924 Maintenance_Cost_Protection BOEING PROPRIETARY Attachment B to 6-1162-SKC-990 a given period by the Maturity Factor which corresponds to the average fleet age. The Target Maintenance Cost will be calculated by multiplying the Target Mature Maintenance Cost by the maturity factor corresponding to the average age of the Covered Aircraft at the time of the Reporting Period. The Composite Airplane table applies to the 787 aircraft; the MSG-3 table applies to aircraft with FAA type certificates granted after 1979. *** Attachment C to 6-1162-SKC-990 Attachment C – Target Maintenance Cost for Covered Aircraft and Covered Aircraft Maintenance Baseline To: Northwest Airlines, Inc. Reference: Letter Agreement No. 6-1162-SKC-990 to Purchase Agreement No. 2924 Airframe Maintenance Cost Protection Program Subject: Target Maintenance Cost reported pursuant to Article 5.2 of the referenced Letter Agreement. *** Attachment D to 6-1162-SKC-990 To: Director - BCA Warranty and Supplier Support Boeing Commercial Airplanes P.O. Box 3707 Mail Stop 76-02 Fax: 000-000-0000 Xxxxxxx, Xxxxxxxxxx 00000-0000 Reference: Letter Agreement No. 6-1162-SKC-990 to Purchase Agreement No. 2924 Airframe Maintenance Cost Protection Program Subject: Data reported pursuant to Article 6 of the referenced Letter Agreement. Reporting Period No. Beginning date ending date Currency of the costs shown below: Actual Maintenance Costs Line Costs (total cost) Base Costs (total cost) Shop Costs (total cost) Total Costs (total cost) Labor Subcontract Labor Material Total Note: The above labor costs have been calculated in accordance with Article 4.2. of the referenced Letter Agreement. The above material costs have been calculated in accordance with Article 4.2 of the referenced Letter Agreement and exclude all costs described in Article 9 therein. Line Labor Rate ($per Labor Hour) Base Labor Rate ($per Labor Hour) Subcontracted Base Labor Rate ($per Labor Hour)
Sample 1
Age Adjustment. If the amount of any Reinsured Policy is changed because of a misstatement of age, Life Re will share in any adjustments in proportion to Life Re's Share.
Sample 1
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Related to Age Adjustment

  • Wage Adjustments 12.1 This clause refers to the wages schedules appearing in “Appendix 2: Parity Wages”.

  • CPI Adjustment In this Contract*, “CPI-Adjusted*” in reference to an amount means that amount is adjusted under the following formula: N = C × (1+ CPIn − CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • FORCE ADJUSTMENT Section 1. In the event that the Company determines that a surplus exists and a decrease in the work force becomes necessary, the Company will first advise the Union in writing prior to notifying the affected employee(s). The affected employee(s) will be notified not less than thirty (30) calendar days prior to the date the employee(s) is to be laid off. In matters involving the surplus of fifty (50) or more employees at a single location, the Company will provide the employees sixty (60) days advance notice of the surplus.

  • Fee Adjustment Fees as provided in this Agreement to be charged to residents of Joplin and the City pursuant to this Agreement may be adjusted based upon the AARC's change in costs subsequent to the previous adjustment. Any individual fee increases will be adjusted only to the extent of an increase in the Consumer Price Index (Kansas City-All Urban Consumers), utilizing the most recently available 12 month period index from the previous year . If a fee increase request is in excess of the Consumer Price Index the city may request to review data on actual costs of each service if needed to document cost increases. In the event an adjustment to documented cost is warranted, AARC shall provide written notice thereof with supporting documentation, by no later than May 1 of each year. All increases shall be subject to annual appropriation by the Joplin City Council. City shall have thirty (30) days to review and request additional supporting documentation. In the event the parties are unable to agree to the cost adjustment, either party shall be entitled to terminate this Agreement as provided herein.

  • Share Adjustments If the Company's outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, stock dividend, or transaction having similar effect, the Board shall proportionately and appropriately adjust the number and kind of shares that are subject to this Option and the Exercise Price Per Share, without any change in the aggregate price to be paid therefor upon exercise of this Option.

  • PREMIUM ADJUSTMENT If THE COMPANY overpays a reinsurance premium and THE REINSURER accepts the overpayment, THE REINSURER’s acceptance will not constitute or create a reinsurance liability or increase in any existing reinsurance liability. Instead, THE REINSURER will be liable to THE COMPANY for a credit in the amount of the overpayment. If a reinsured policy terminates, THE REINSURER will refund the excess reinsurance premium. This refund will be on a prorated basis without interest from the date of termination of the policy to the date to which a reinsurance premium has been paid.

  • Equitable Adjustment Trading volume amounts, price/volume amounts and similar figures in the Transaction Documents shall be equitably adjusted (but without duplication) to offset the effect of stock splits, similar events and as otherwise described in this Agreement and Warrants.

  • Minimum Adjustment The adjustments required by the preceding sections of this Article IV shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Article IV and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. In computing adjustments under this Article IV, fractional interests in Common Stock shall be taken into account to the nearest one-hundredth of a share.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • 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 BOR President, 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.

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