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Formula
. The
number of
points
change in the CPI
during a measurement period, as
limited
by
paragraph
(b), shall be
converted
into cents on the
basis of
one
cent
equals
0.3 full points. (By "0.3 full points" it is
intended
that any
remainder
of 0.1 point or 0.2 point of change after
the conversion
shall not be counted.)
The cost
-of-
living allowance
effective January
1, 2006 shall be the whole number of cents
produced
by dividing by 0.3 the number of points (
including
tenths of points) change, as limited by paragraph (b), in the CPI during the
applicable measurement period
.
Any residual
tenths of a point
resulting from
such
division
shall be dropped. The result of such division shall be
rolled
in to
basic rates of pay
in effect
on
December 31
, 2005 if the CPI shall have been
higher
at the end than at the
beginning
of the measurement period, and subtracted therefrom only if the
index
shall have been
lower
at the end than at the beginning of the measurement period, but
in no event shall
basic rates of pay be
reduced
below the
levels
in effect on
June
30, 2005. If the result of such division
requires
a subtraction from basic rates of pay in effect on December 31, 2005,
the employee
cost-
sharing
contribution amount
in effect on that
date
pursuant to
Article IV
,
Part B
,
Section
1(e) of
this Agreement
shall be
adjusted
effective January 1, 2006 as
appropriate
to reflect such subtraction. The same
procedure
shall be followed in applying
subsequent adjustments
.
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Formula
. Airframe and
Optional Features
price adjustments
(
Airframe Price Adjustment
) are used to
allow
prices
to be stated in
current year
dollars
at
the signing
of
this Purchase Agreement
and to adjust the amount to be
paid
by Customer
at delivery
for the
effects
of
economic
fluctuation
. The Airframe Price Adjustment will be determined at the time of
Aircraft delivery
in accordance with
the
following
formula: **** Where: Pa = **** P = **** **** **** **** Where: ECIb is the
base year
airframe
escalation index
(as
set forth
in
Table 1
of this Purchase Agreement);
ECI
is a
value determined
using
the U.S
.
Department of Labor
,
Bureau of Labor Statistics
,
Employment Cost Index
for
NAICS
Manufacturing
–
Total Compensation
(
BLS
Series
ID CIU2013000000000I),
calculated
by
establishing
a three (3) month arithmetic
average value
(expressed as a decimal and
rounded to
the
nearest
tenth
) using the
values for
the 11th, 12th, and 13th months prior to
the month
of scheduled delivery of the
applicable Aircraft
. As
the Employment
Cost Index values are only
released
on a
quarterly basis
, the value released for the
first quarter
will be used for the months of
January
,
February
, and
March
; the value released for the
second quarter
will be used for the months of
April
, May, and
June
; the value released for the
third quarter
will be used for the months of
July
,
August
, and
September
; the value released for the
fourth quarter
will be used for the months of
October
,
November
, and
December
. M = **** **** **** Where:
CPIb
is the base year airframe escalation index (as set forth in Table 1 of this Purchase Agreement); and CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics,
Consumer Price Index
– All
Urban
Consumers
(BLS Series ID CUUR0000SA0), calculated as a three (3) month arithmetic average of the released
monthly
values (expressed as a decimal and rounded to the nearest tenth) using the values for the 11th, 12th, and 13th months prior to the month of scheduled delivery of the applicable Aircraft. As
an example
, for an Aircraft scheduled to be
delivered
in the month of July, the months of June, July, and August of the
preceding year
will be
utilized
in determining the
value of
ECI and CPI.
Note
:
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Formula
. The formula
referred
to in
paragraph
3.1 is as
follows
: = ∑�( + )●●●� where:
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Formula
. The
computations
of
Additional Rent
under this
Article 8
are
intended
to constitute a formula for an
agreed
rental adjustment
and may or may not constitute an
actual
reimbursement to Landlord
for
Taxes
,
costs and expenses paid
by Landlord
with respect to
the Building
.
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Formula
. Airframe and
Optional Features
price adjustments
(
Airframe Price Adjustment
) are used to
allow
prices
to be stated in
current year
dollars
at
the signing
of
this Purchase Agreement
and to adjust the amount to be
paid
by Customer
at delivery
for the
effects
of
economic
fluctuation
. The Airframe Price Adjustment will be
determined
at the time of
Aircraft delivery
in accordance with
the
following
formula: [*] Where: [*] Where: [*] M = [*] Where: [*]. As
an example
, for an Aircraft
scheduled
to be
delivered
in
the month
of
July
, the months of [*] of the
preceding year
will be
utilized
in determining the
value of
[*].
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Formula
. The
Airframe Price Adjustment
will be
determined
at the time of
Aircraft delivery
in accordance with
the
following
formula: Pa = (P)(L + M - 1) Where: Pa = Airframe Price Adjustment. L = .65 x
ECI
130.1 M = .35 x
ICI
123.6 P =
Aircraft Basic Price
(as
set forth
in
Article
3.2 of
this Agreement
) less the
base price
of
Engines
(as
defined in
this
Exhibit D
)
in the amount of $
[
Confidential Treatment Requested
]. ECI = A value using the "
Employment Cost Index
for
workers
in
aerospace
manufacturing
" (aircraft manufacturing, standard industrial
classification code
3721,
compensation
, base
month and year
June
1989 = 100), as
released
by the
Bureau of Labor Statistics
,
U.S
.
Department of Labor
on a
quarterly basis
for the months of
March
, June,
September and December
,
calculated
as
follows
: A three-month arithmetic
average value
(expressed as a decimal and
rounded to
the
nearest
tenth
) will be determined using the months set forth in
the table
below for the
applicable Aircraft
, with the released Employment Cost
Index value
described above for
the month
of March also being used for the months of
January
and
February
; the value for June also used for
April
and May; the value for September also used
for July and August
; and the value for December also used for
October
and
November
. ICI = The three-month arithmetic average of the released
monthly
values for
the
Industrial Commodities
Index as set forth in the "
Producer
Prices
and
Price Index
" (
Base Year
1982 = 100) as released by the Bureau of Labor Statistics, U.S. Department of Labor values (expressed as a decimal and rounded to the nearest tenth) for the months set forth in the table below for the applicable Aircraft. In determining the
value of
L, the
ratio of
ECI
divided by
130.1 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .65 with the
resulting
value also expressed as a decimal and rounded to the nearest ten-thousandth. In determining the value of M, the ratio of ICI divided by 123.6 will be expressed as a decimal rounded to the nearest ten-thousandth and then multiplied by .35 with the resulting value also expressed as a decimal and rounded to the nearest ten-thousandth. Months to be
Utilized
Month of
Scheduled
in Determining
the Aircraft
Delivery Value of ECI and ICI January June B, July B, Aug. B February July B, Aug. B, Sept. B March Aug. B, Sept. B, Oct. B April Sept. B, Oct. B, Nov. B May Oct. B, Nov. B, Dec. B June Nov. B, Dec. B, Jan. D July Dec. B, Jan. D, ...
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Formula
. Airframe and
Optional Features
price adjustments
(
Airframe Price Adjustment
) are used to
allow
prices
to be stated in
current year
dollars
at
the signing
of
this Purchase Agreement
and to adjust the amount to be
paid
by Customer
at delivery
for the
effects
of
economic
fluctuation
. The Airframe Price Adjustment will be determined at the time of
Aircraft delivery
in accordance with
the
following
formula: Pa = (P) (L + M) - P Where: Pa = Airframe Price Adjustment. L = [
CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO A
REQUEST FOR
CONFIDENTIAL TREATMENT
] x (
ECI
ECIb ) where ECIb is the
base year index
(as
set forth
in
Table 3
of this Purchase Agreement) M = [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] x ( CPI
CPIb
) where CPIb is the base year index (as set forth in Table 3 of this Purchase Agreement) P = Airframe Price
plus
Optional Features Price (as set forth in
Tables
1, 2 and 3 of this Purchase Agreement). ECI is a
value determined
using
the U.S
.
Department of Labor
,
Bureau of Labor Statistics
[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT],
calculated
by
establishing
a three-month arithmetic
average value
(expressed as a decimal and
rounded to
the
nearest
tenth
) using the
values for
the [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT] months prior to
the month
of scheduled delivery of the
applicable Aircraft
. As the
Employment Cost Index
values are only
released
on a
quarterly basis
, the value released for the month of
March
will be used for the months of
January
and
February
; the value for
June
used for
April
and May; the value for
September
used
for July and August
; and the value for
December
used for
October
and
November
. CPI is a value determined using the U.S. Department of Labor, Bureau of Labor Statistics [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT], calculated as a 3-month arithmetic average of the released
monthly
values (expressed as a decimal and rounded to the nearest tenth) using the values for the [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION ...
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Formula
. The
Supplemental Retirement Benefit
shall
equal
the
lesser of
:
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Formula
. The
retirement incentive
shall
equal
one and a
quarter
percent (1.25%) of
the employee
's
last salary
times the
number of
consecutive
years
immediately
prior to
retirement that the employee
served
the School District
in a full-
time position
in this bargaining unit
. However,
in no event shall
the
amount paid
to
an employee
exceed
forty-
five percent
(45%) of the employee's last salary. [13.4]
PAYMENT
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Formula
.
The Aircraft Price Adjustment
will be
determined
at the time of
Aircraft delivery
in accordance with
the
following
formula: Pa = (P)(L + M - 1) Where: Pa = Aircraft Price Adjustment. L = .65 x
ECI
----- 116.2 M = .35 x
ICI
----- 115.9 P =
Aircraft Basic Price
(as
set forth
in
Article
3.2 of
this Agreement
). ECI = A value using the "
Employment Cost Index
for
workers
in
aerospace
manufacturing
" (aircraft manufacturing, standard industrial
classification code
3721,
compensation
, base
month and year
June
1989 = 100), as
released
by the
Bureau of Labor Statistics
,
U.S
.
Department of Labor
on a
quarterly basis
for the months of
March
, June,
September and December
,
calculated
as
follows
: A three-month arithmetic
average value
(expressed as a decimal and
rounded to
the
nearest
tenth
) will be determined using the months set forth in
the table
below for the
applicable Aircraft
, with the released Employment Cost
Index value
described above for
the month
of March also being used for the months of
January
and
February
; the value for June also used for
April
and May; the value for September also used
for July and August
; and the value for December also used for
October
and
November
.
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