ECONOMIC HARDSHIP Sample Clauses
The Economic Hardship clause allows parties to modify or terminate their contractual obligations if unforeseen economic events make performance excessively difficult or unreasonably expensive. Typically, this clause applies when significant changes in market conditions, such as drastic increases in costs or currency fluctuations, occur after the contract is signed. Its core function is to allocate risk and provide a fair mechanism for addressing situations where continuing under the original terms would be unduly burdensome for one party.
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ECONOMIC HARDSHIP. At any time after the effective date of this comprehensive MOU, upon thirty (30) calendar days written notice to the Association, the County may reopen this agreement for renegotiation regarding future increases in compensation if a financial shortfall in the County budget has occurred that has caused the Board of Supervisors to actually reopen negotiations with other employee groups with negotiated MOUs or adopted Salary and Benefit Resolution, except with respect to any salaries governed by Section 504 of the County of El Dorado Charter. Any notice provided subject to this section must include evidence demonstrating the basis for the claim of hardship.
ECONOMIC HARDSHIP. In addition to the other rights and remedies of the Seller set forth herein, if at any time during the term of the Agreement, the Seller experiences any event (including but not limited to, changes in market conditions, changes in applicable rates, duties, taxes or changes relating to the Products and/or increases in the prices of energy, raw materials or other materials necessary for the manufacture of the Products) that causes the continued manufacture or sale of the Products to the Buyer to be uneconomical, or otherwise creates an economic hardship for the Seller, then the Seller may, at its sole option and upon written notice to the Buyer, either (i) increase the price of the Products to cover such event; or (ii) terminate the Agreement upon thirty (30) days prior written notice to the Buyer. This Section shall be applied and construed separately from the force majeure provisions in the Agreement.
ECONOMIC HARDSHIP. In the event that the City suffers substantial economic hardship during the term of this Agreement, the parties agree to engage in a cooperative dialogue about ways to assist the City in addressing such hardship. “Substantial economic hardship,” as used herein, shall include, but not be limited to, a decline in overall General Fund revenues, or an increase in General Fund expenses, of five percent (5%) or more. Nothing in this paragraph shall preclude or impede the City Council from exercising such additional authority as may be conferred by other provisions of this agreement or by State or Federal law. This provision is not subject to the grievance procedure.
ECONOMIC HARDSHIP. (a) The rate and maximum amount paid to a landowner or land operator under a cost−share agreement may be exceeded with written approval from the department if the landowner or land operator can demonstrate economic hardship as defined in s. NR 120.02 (19). Under the provision of economic hardship, the state cost−share rate may be increased by a maxi- mum of 15% above the standard percentage listed in Table 2 for all best management practices for which the landowner or land operator is eligible.
(b) Under the provision of economic hardship, the following percentage payment rates will apply to the construction of manure storage facilities and barnyard runoff control systems:
ECONOMIC HARDSHIP. The Economic Hardship funds provide additional financial support, for the purchase of equipment and training items, to agencies experiencing serious economic difficulty.
ECONOMIC HARDSHIP. Economic hardship is not considered a Force Majeure event.
ECONOMIC HARDSHIP. At any time after the effective date of this MOU, upon thirty (30) calendar days written notice to the Association, the County may reopen this agreement for renegotiation regarding future increases in compensation if a financial shortfall in the County budget has occurred that has caused the Board of Supervisors to actually reopen negotiations with other employee groups negotiated MOUs or adopted Salary and Benefit Resolution, except with respect to any salaries governed by the County Personnel Rules. Any notice provided subject to this section must include evidence demonstrating the basis for the claim of hardship.
ECONOMIC HARDSHIP. Company shall not be excused by mere economic hardship or by misfeasance or malfeasance of its directors, officers or employees.
ECONOMIC HARDSHIP. At any time after Board of Supervisors’ approval of this Memorandum of Understanding and upon 30 calendar days written notice to Local 1, the County may reopen this agreement for renegotiation regarding future increases in compensation if a financial shortfall in the County budget has occurred that has caused the Board of Supervisors to actually reopen negotiations with all other employee groups with negotiated MOUs or adopted Salary and Benefit Resolution, except with respect to any salaries governed by Section 504 of the El Dorado County Charter. Any notice provided subject to this section must include substantial evidence demonstrating the basis for the claim of hardship.
ECONOMIC HARDSHIP. Limited to a lifetime maximum of 36 months. An economic hardship is defined as income that is less than 150% of the poverty guideline for your family size and state of residence as shown in the table below. Supporting documentation of monthly income and family size must be provided. Monthly income (you choose) is either your gross income from all sources or