Reduction Clause. Contractor shall keep pricing fixed for each year of this Agreement. Thereafter, SPD and the Contractor may adjust pricing no more than once annually through an amendment to the Agreement at the time of Agreement renewal. Contractor shall submit all pricing increase requests to SPD directly or through the agency contact in writing and provide substantiating evidence that each request is based on demonstrable market changes impacting the cost of products. The request must show all proposed increases by line item and include supporting documentation acceptable to SPD (such as a letter from a manufacturer indicating price increases, etc.) SPD’s decision on what is acceptable in this context is final and shall be accepted by all parties to the Agreement. Requested price increases that exceed 10% will not be accepted. No price increase may result in a higher profit margin for the Contractor than at the beginning of the initial term of this Agreement. Pricing changes will apply to Agreements and amendments to Agreements entered on and after the effective date of the price change. Price decreases as well as increases shall apply in the same manner. If vendor's prices are reduced for any reason, users shall receive the benefit of such reductions, immediately. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. To facilitate prompt consideration, all requests for price increase must include all information listed below:
Reduction Clause. In the event of a product cost increase/decrease, an escalation/reduction request will be reviewed by the Requesting Department and the CPO or his/her designee on an individual basis. This measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Effective dates for increase/decrease will not be any sooner than fifteen (15) days from the request is received by the Requesting Department and the CPO or his/her designee. To facilitate prompt consideration, all requests for price increases must include all information below:
Reduction Clause. For areas reflected in this Appendix, the Company reserves the right to maintain the alternative shift schedule, however, when reduction of positions are required due to circumstances such as loss of products or declining sales, the Company will make every attempt to first reduce such jobs from the Alternate shifts provided that said reductions correspond with business/operational demands in these areas.
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by the State Purchasing Division on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price increases will only be considered concurrently with the Annual Extension of the Price Agreement and when the contractor provides proof from the manufacturer of the increase. Vendor must supply documentation from the Manufacture addressed to the vendor. The documentation must state that they are increasing the price from the factory to the vendor, as well as the reason for the increase. Price decreases as well shall apply. If the vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases and/or decreases will not be retroactive to orders already in-house or back-ordered. Orders will be filled at the price in effect of the date of the receipt of the order by the vendor. Increases due to bidding errors will be considered on a case-by-case basis. All requests for price increases must include the following information from the vendor:
Reduction Clause. If jobs within the Lititz facility are reduced in the future due to such cir- cumstances as loss of products or declining sales, the Company will make every attempt to first reduce such jobs from the Alternate shifts.
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by this office on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor.
Reduction Clause. The amount of life insurance will reduce by upon attainment of age with a further reduction of of the original amount each year thereafter, ceasing at age The life insurance between age and will in no event reduce to less than The reduction clause will apply only to employees who continue to work beyond age ANNUAL EARNINGS For the purposes of the plan, “annual earnings’’ means the annual rate of earning in force, excluding payments in the way of overtime, commissions, bonuses or The life insurance benefit, if you elected coverage of twice annual earnings, will be changed coincident with any increases in your annual rate of earnings. If you are absent from work on that date for reason of sickness or accident, your coverage will increase on the date you return to your normal full-time occupation.
Reduction Clause. Contractor shall keep discount fixed for at least the first 12 full months of this Agreement. Thereafter, State Purchasing Division (SPD) and the Contractor may adjust the discount, no more than once annually by via amendment. Contractor shall submit all discount adjustment requests to SPD in writing and provide substantiating evidence that each request is based on demonstrable market changes impacting the cost of food. The request must show all proposed increases by line item and include supporting documentation acceptable to SPD. SPD may require Contractor to provide U.S. Bureau of Labor Statistics Producer Price Index or Consumer Price Index data or any other relevant manufacturer or industry data substantiating the increase. However, any adjusted percentage(s) may not produce a higher profit margin for Contractor than at the beginning of the initial term of this Agreement. The change in discount may not exceed 2% of the price immediately before the increase. Changes will apply to Contracts and amendments to Contracts entered on and after the effective date of the change. If vendor's prices are reduced for any reason, users shall receive the benefit of such reductions. Percentage adjustments will not be retroactive to orders already in house or backorders. Orders will be filled at the price and discount in effect on the date of receipt of the order by the vendor. Local governments utilizing this Price Agreement must confirm pricing and availability from vendor prior to ordering. This Price Agreement may be utilized by all New Mexico state agencies, commissions, political subdivisions and local public bodies. Awarded vendors shall submit the name(s) of their authorized contact person(s), in connection with placing orders. Each institution will place their own orders; and invoicing and payments are to be handled by each institution. Agencies and/or institutions shall provide awarded vendors with name(s) of contact personnel authorized to act as representative of their agencies, for of this Price Agreement. Deliveries are F.O.B.: destination, at times requested by using institutions. Multiple awards may be issued in order to adequately provide for the needs of the facilities. Facilities are encouraged to combine multiple food Price Agreement orders (e.g. produce, meat & poultry, dairy products) to encourage one-stop deliveries. However, due to the fluctuation in delivery costs, vendors may impose a minimum order delivery fee for orders which total less tha...
Reduction Clause. In the event of a product cost increase an escalation request will be reviewed by this office on an individual basis. Please be aware this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. Effective dates for increase will not be any sooner than fifteen days from the date the written request is received by this office. To facilitate prompt consideration, all requests for price increases must include all information listed below:
Reduction Clause. In the event of a product cost increase, an increase will be reviewed by this office on an individual basis. Please be aware, this measure is not intended to allow any increase in profit margin, only to compensate for an actual cost increase. Price decreases as well as increases shall apply. If vendor’s prices are reduced for any reason, users shall receive the benefit of such reductions. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. Chassis: Chassis will be provided by the user agency. The wildland truck bed unit shall be built according to the length and width measurements for a current year or late model vehicle, in either two door, four door extended cab or four door crew cab/chassis configurations.
