Indexation.Β 14.1 The formula applicable to this paragraph 14 is: π
π‘ = π
π‘β1 β (1 + (πΆππΌπ‘β1βπΆππΌπ‘β2)) πΆππΌπ‘β2 where: Rt is the relevant value in the Relevant Year t; Rt-1 is the relevant value in the Relevant Year t-1; CPIt-1 means the CPI published or determined with respect to the month of November in Relevant Year t-1; and CPIt-2 means the CPI published or determined with respect to the month of November in Relevant Year t-2.
Indexation.Β Where the Call Off Contract Charges or any component amounts or sums thereof are expressed in this Call Off Schedule 3 as βsubject to increase by way of Indexationβ the following provisions shall apply: the relevant adjustment shall: be applied on the effective date of the increase in the relevant Call Off Contract Charges by way of Indexation (βIndexation Adjustment Dateβ) which shall be subject to paragraph 69.1.2 of this Call Off Schedule 3; be determined by multiplying the relevant amount or sum by the percentage increase or changes in the Consumer Price Index published for the twelve (12) Months ended on the 31st of January immediately preceding the relevant Indexation Adjustment Date; where the published CPI figure at the relevant Indexation Adjustment Date is stated to be a provisional figure or is subsequently amended, that figure shall apply as ultimately confirmed or amended unless the Customer and the Supplier shall agree otherwise; if the CPI is no longer published, the Customer and the Supplier shall agree a fair and reasonable adjustment to that index or, if appropriate, shall agree a revised formula that in either event will have substantially the same effect as that specified in this Call Off Schedule 3. The earliest Indexation Adjustment Date will be the (1st) Working Day following the expiry of the period specified in paragraph 8.2 of this Call Off Schedule 3 during which the Contract Charges shall remain fixed (and no review under this paragraph 11 is permitted). Thereafter any subsequent increase by way of Indexation shall not occur before the anniversary of the previous Indexation Adjustment Date during the Call Off Contract Period; Except as set out in this paragraph 69 of this Call Off Schedule 3, neither the Call Off Contract Charges nor any other costs, expenses, fees or charges shall be adjusted to take account of any inflation, change to exchange rate, change to interest rate or any other factor or element which might otherwise increase the cost to the Supplier or Sub-Contractors of the performance of their obligations under this Call Off Contract.
Indexation.Β (a) a breakdown of the profit and cost components that comprise the relevant Framework Price;
Indexation.Β If the Monetary Contribution is not paid to the City on the date of this document then at the date of payment the Monetary Contribution must be indexed as follows: Monetary Contribution (to be provided) = Monetary Contribution (as per item 1 of clause 1 above) x (A/B) where: A is the Index Number most recently published before the date the Monetary Contribution is to be paid B is the Index Number most recently published before the date this agreement commenced in accordance with clause 3.1 of this document. If after the formula is applied the Monetary Contribution will be less than the amount stated in item 1 of clause 1 above, the Monetary Contribution will not be adjusted.
Indexation.Β The amount of any contribution payable under the provisions of Clause 4 of this Agreement shall be increased by an amount equivalent to the increase in the Index from the Effective Date until the date on which the respective contribution is payable
Indexation.Β If the Monetary Contribution is not paid to the City on the date of this document then at the date of payment the Monetary Contribution must be indexed as follows: Monetary Contribution (to be provided) = Monetary Contribution (as per item 1 of clause 1 above) x (A/B) where:
Indexation.Β The pricing elements set out in this Schedule 3 (Payment Mechanism) may where indicated be subject to indexation on the Indexation Review Date in accordance with this paragraph 1.3 and Schedule 1. The first Indexation Review Date will be on the anniversary of the Services Commencement Date with a subsequent Indexation Review Date annually thereafter. The Contractor shall provide clear documentary evidence of any price increases that it incurs. Staff Costs and Non-Staff Costs shall be indexed in accordance with the following indices: Staff Costs : AWE-KAC3 : Average Weekly Earnings Index, Services, seasonally adjusted, total pay; Non-Staff Costs : CPI : Consumer Price Index. These indices shall be applied to Price Components according to the Staff Indexation Percentage or the Non-Staff Indexation Percentage as set out in Schedule 1.
Indexation.Β 1. LTD Benefits: Individuals who are in receipt of LTD benefits will have their LTD benefit level indexed by the same amount that pensions are indexed.
Indexation.Β 12.1. Any sum referred to in paragraphs 2 to 5, 7 and 8 of Schedule 1 shall be increased by an amount equivalent to any increase in the Index from the date of this Deed until the date on which such sum is paid and if the Index has decreased the sum payable shall be the amount specified in this Deed (without any decrease).
Indexation.Β Effective January 1, 2021 and continuing on January 1, 2022 and January 1, 2023, members who have retired since January 3, 1984 shall receive a lump sum payment equal to 1.5% of their annualized pension.
