Future Pricing. Pricing adjustments shall be made on an annual basis and shall be agreed upon by the parties at a rate no less than the greater of: five percent (5%), the most recently released U.S. Department of Labor Consumer Price Index, All Urban Consumers, National Average Unadjusted, Food Away From Home, or the changes in the Market Basket of Products. Up to ninety (90) days prior to the anniversary of the Commencement Date, Company shall provide Client notification of the adjustment. On the anniversary date, Company proposed adjustments shall go into effect, unless the Parties have entered into a written agreement with an alternative cost adjustment.
Appears in 3 contracts
Sources: Amendment to Agreement for Provision of Meals, Food Service Agreement, Agreement for Attendant Care
Future Pricing. Pricing adjustments shall be made on an annual basis and shall be agreed upon by the parties at a rate no less than the greater of: five three percent (53%), ) or the most recently released U.S. Department of Labor Consumer Price Index, All Urban Consumers, National Average Unadjusted, Food Away From Home, or the changes in the Market Basket of Products. Up to ninety (90) days prior to the anniversary of the Commencement Date, Company shall provide Client notification of the adjustment. On the anniversary date, Company proposed adjustments shall go into effect, unless the Parties have entered into a written agreement with an alternative cost adjustment.
Appears in 3 contracts
Sources: Food Service Agreement, Food Service Partnership Agreement, Food Service Partnership Agreement
Future Pricing. A. of the Agreement shall be amended to the following language: Pricing adjustments shall be made on an annual basis and shall be agreed upon by the parties at a rate no less than the greater of: of five percent (5%), the most recently released U.S. Department of Labor Consumer Price Index, All Urban Consumers, National Average Unadjusted, Food Away From from Home, or the changes in the Market Basket of Products. Up to ninety (90) days prior to the anniversary of the Commencement Date, Company shall provide Client notification of the adjustmentadjustment to the Fee(s). On the anniversary dateof the Commencement Date, Company Company’s proposed adjustments shall go into effect, unless the Parties have entered into a written agreement with an alternative cost adjustment.
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