Common use of Formula Clause in Contracts

Formula. The number of points change in the CPI during a measurement period, as limited by paragraph (d), 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 in effect on December 31, 2000 shall be adjusted (increased or decreased) effective January 1, 2001 by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), 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 added to the amount of the cost-of-living allowance in effect on December 31, 2000 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 and then, only, to the extent that the allowance remains at zero or above. The same procedure shall be followed in applying subsequent adjustments.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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Formula. The number of points change in the BLS CPI during a measurement period, as limited by paragraph (d), shall will be converted into cents on the basis of on 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 will not be counted.) The cost-of-living allowance in effect on December 31, 2000 shall 2010 will be adjusted (increased or decreased) effective January 1, 2001 2011 by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), in the BLS CPI during the applicable measurement period. Any residual tenths of a point resulting from such division shall will be dropped. The result of such division shall will be added to the amount of the cost-of-living allowance in effect on December 31, 2000 2010 if the BLS CPI shall will have been higher at the end than at the beginning of the measurement period, and subtracted therefrom only if the index shall will have been lower at the end than at the beginning of the measurement period and thenperiod, only, but only to the extent that the allowance remains at zero or above. The same procedure shall will be followed in applying subsequent adjustments.

Appears in 3 contracts

Samples: Working Agreement, Working Agreement, Iamaw Agreement

Formula. The number of points change in the CPI during a measurement period, as limited by paragraph (d), 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 in effect on December 31, 2000 2019 shall be adjusted (increased or decreased) effective January 1, 2001 2020 by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), 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 added to the amount of the cost-cost- of-living allowance in effect on December 31, 2000 2019 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 and then, only, to the extent that the allowance remains at zero or above. The same procedure shall be followed in applying subsequent adjustments.

Appears in 1 contract

Samples: Labor Agreement

Formula. The number of points change in the CPI during a measurement period, as limited by paragraph (d), 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 in effect on December 31, 2000 2005 shall be adjusted (increased or decreased) effective January 1, 2001 2006 by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), 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 added to the amount of the cost-of-living allowance in effect on December 31, 2000 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 and then, only, to the extent that the allowance remains at zero or above. The same procedure shall be followed in applying subsequent adjustments.

Appears in 1 contract

Samples: Agreement

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Formula. The number of points change in the CPI during a measurement period, as limited by paragraph (d), shall will 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 in effect on December 31June 30, 2000 shall 2001 will be adjusted (increased or decreased) effective January July 1, 2001 by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), in the CPI during the applicable measurement period. Any residual tenths of a point resulting from such division shall will be dropped. The result of such division shall will be added to the amount of the cost-of-living allowance in effect on December 31June 30, 2000 2001 if the CPI shall will have been higher at the end than at the beginning of the measurement period, and subtracted therefrom only if the index shall will have been lower at the end than at the beginning of the measurement period and then, only, to the extent that the allowance remains at zero or above. The same procedure shall will be followed in applying subsequent adjustments.

Appears in 1 contract

Samples: Mediation Agreement

Formula. The number of points change in the CPI during a measurement period, as limited by paragraph (d), 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 in effect on December 31, 2000 2000, shall be adjusted (increased or decreased) effective January 1, 2001 2001, by the whole number of cents produced by dividing by 0.3 the number of points (including tenths of points) change, as limited by paragraph (d), 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 added to the amount of the cost-of-living allowance in effect on December 31, 2000 2000, 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 and and, then, only, only to the extent that the allowance remains at zero or above. The same procedure shall be followed in applying subsequent adjustments.

Appears in 1 contract

Samples: irle.berkeley.edu

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