Changes to Index. In the event that the BLS should stop publishing the ECI or should substantially change the content, format or calculation methodology of the ECI, the parties will substitute another comparable measure published by a mutually agreeable source, except as noted below. If the change is to redefine the base period for the ECI from one period to some other period, the parties will continue to use the index but will use the new base period figures for all future adjustments. If the change is to the name of the ECI, the new name will be used instead of the old name so long as the numbers previously published for the index have not changed. If the change is to the publication schedule, the parties may agree in writing to use a different publication schedule and to adjust any partial year to a full year, if needed. The adjustment to convert a partial year to a full year is shown below. ECI Current Index as of July 19XX 151.0 ECI Base Index as of June 19XX-1 145.2 Percentage Change (rounded to 3 decimals) (151.0 - 145.2) / 145.2 = 3.994% Percent Times 12 Divided # of Months in Period 3.994% * 12 / 13 Equals Percentage Change (rounded to 1 decimal)* 3.7% * This calculation method will be used instead of the Percentage Change calculation shown in Section 2 of this Schedule E if the period between the ECI Base Index and the ECI Current Index is other than 12 months. SCHEDULE F PERFORMANCE STANDARDS
Appears in 1 contract
Sources: Information Technology Services Agreement (Bank Plus Corp)
Changes to Index. In the event that the BLS should stop publishing the ECI or should substantially change the content, format or calculation methodology of the ECI, the parties Parties will substitute another comparable measure published by a mutually agreeable source, except as noted below. If the change is to redefine the base period for the ECI from one period to some other period, the parties Parties will continue to use the index but will use the new base period figures for all future adjustments. If the change is to the name of the ECI, the new name will be used instead of the old name so long as the numbers previously published for the index have not changed. If the change is to the publication schedule, the parties Parties may agree in writing to use a different publication schedule and to adjust any partial year to a full year, if needed. The adjustment to convert a partial year to a full year is shown below. .ECI Current Index as of July 19XX 151.0 ECI Base Index as of June 19XX-1 145.2 Percentage Change (rounded to 3 decimals) (151.0 - 145.2) / 145.2 = 3.994% Percent Times 12 Divided # of Months in Period 3.994% * 12 / 13 Equals Percentage Change (rounded to 1 decimal)* 3.7% * This calculation method will be used instead of the Percentage Change calculation shown in Section 2 of this Schedule E --------- --------- 9.1 if the period between the ECI Base Index and the ECI Current Index is other than 12 months. SCHEDULE F PERFORMANCE STANDARDS---
Appears in 1 contract
Sources: Agreement for Information Technology Services (Franklin Covey Co)
Changes to Index. In the event that the BLS should stop publishing the ECI or should substantially change the content, format or calculation methodology of the ECI, the parties Parties will substitute another comparable measure published by a mutually agreeable source, except as noted below. If the change is to redefine the base period for the ECI from one period to some other period, the parties Parties will continue to use the index but will use the new base period figures for all future adjustments. If the change is to the name of the ECI, the new name will be used instead of the old name so long as the numbers previously published for the index have not changed. If the change is to the publication schedule, the parties Parties may agree in writing to use a different publication schedule and to adjust any partial year to a full year, if needed. The adjustment to convert a partial year to a full year is shown below. ECI Current Index as of July 19XX 151.0 ECI Base Index as of June 19XX-1 145.2 Percentage Change (rounded to 3 decimals) (151.0 - 145.2) / 145.2 = 3.994% Percent Times 12 Divided # of Months in Period 3.994% * 12 / 13 Equals Percentage Change (rounded to 1 decimal)* 3.7% * This calculation method will be used instead of the Percentage Change calculation shown in Section 2 of this Schedule E 9.1 if the period between the ECI Base Index and the ECI Current Index is other than 12 months. SCHEDULE F PERFORMANCE STANDARDS.
Appears in 1 contract
Sources: Agreement for Information Technology Services (Franklin Covey Co)