Contribution Adjustments Sample Clauses
The Contribution Adjustments clause defines how the parties' financial contributions to a project or agreement may be recalculated or modified under certain circumstances. Typically, this clause outlines the conditions that trigger an adjustment, such as changes in project scope, unforeseen expenses, or discrepancies in initial estimates, and specifies the process for determining the revised contributions. Its core practical function is to ensure fairness and flexibility by allowing the parties to realign their financial responsibilities in response to changing circumstances, thereby preventing disputes and maintaining the project's financial balance.
Contribution Adjustments. A. If a teacher does not provide professional services for the full work year, premiums shall terminate at the end of the calendar month in which the teacher’s professional services ended.
B. The benefits of a part-time teacher shall be proportionately adjusted.
Contribution Adjustments. The Unsupported Capital Contribution amount and the associated ITCC Tax amount paid by Transferor under this Agreement shall be subject to refund to Transferor, without interest during the term of this Agreement, as follows:
Contribution Adjustments. A. The benefits of a teacher who works less than a full school year or a part-time teacher shall be proportionally adjusted based upon the number of regularly scheduled teacher work days for that year.
B. A teacher paid a cash payment under Plan "B" shall rebate prorata any unearned portion.
C. No contribution shall be made for a teacher who does not meet the eligibility requirements for a benefit plan.
Contribution Adjustments. Transfers, advances, and associated ITCC for new extensions served directly from the System may be subject to refund to Transferor, without interest, based upon principles set forth in Utility’s Line Extension Rules.