Increase Will Apply During the Second Plan Year Sample Clauses

This clause establishes that a specified increase—such as in fees, premiums, or other contractual amounts—will take effect during the second year of the agreement's term. In practice, this means that after the initial plan year, the agreed-upon increase will be automatically applied to relevant payments or obligations, impacting budgeting and financial planning for both parties. The core function of this clause is to provide clear advance notice of future cost adjustments, thereby reducing uncertainty and helping both parties plan for changes in their financial commitments.