Common use of Rate Increase Clause in Contracts

Rate Increase. If the term of one or more Orders entered into under this Agreement exceeds one year (including, without limitation, because such term of the relevant Order(s) is extended by one or more successive Change Order(s)), the applicable fee rate for each Hitachi Consulting resource that is engaged to perform the affected Order(s), on 1st April of each year, increase automatically by the greater of 5% and the percentage increase in the UK Retail Price Index (All Items) over the preceding twelve months, calculated from the 28th February each year.

Appears in 2 contracts

Sources: Master Solutions Agreement, Master Solutions Agreement