Common use of Percentage in Lieu Clause in Contracts

Percentage in Lieu. The eight and one-half percent (8.5%) premium is given in lieu of benefits under Articles 12 except 12.04, 14, and 17. Step July 1, 2014 July 1, 2015 Start $30.29 $30.72 1 Year $31.60 $32.04 2 Years $32.63 $33.08 3 Years $34.37 $34.85 4 Years $35.76 $36.26 5 Years $37.48 $38.00 6 Years $39.13 $39.67 7 Years $42.43 $43.03 8 Years $45.86 $46.50 APPENDIX “B”

Percentage in Lieu. The eight and one-half percent (8.5%) premium is given in lieu of benefits under Articles Article 12 (except 12.04), 14, 14 and 17. Step July 1, 2014 2019 July 1, 2015 2020 Start $30.29 32.70 $30.72 33.19 1 Year $31.60 34.10 $32.04 34.62 2 Years $32.63 35.22 $33.08 35.75 3 Years $34.37 37.11 $34.85 37.66 4 Years $35.76 38.60 $36.26 39.18 5 Years $37.48 40.45 $38.00 41.06 6 Years $39.13 42.23 $39.67 42.86 7 Years $42.43 45.81 $43.03 46.50 8 Years $45.86 49.50 $46.50 50.25 APPENDIX “"B”"