TTF Merit Clause Samples
The TTF Merit clause establishes a method for determining the value or price of a commodity, typically natural gas, based on the Title Transfer Facility (TTF) market index. In practice, this clause specifies that transactions will reference the TTF price as published by a recognized exchange or pricing agency, and may include adjustments such as premiums, discounts, or specific calculation periods. Its core function is to provide a transparent and market-relevant pricing mechanism, ensuring both parties have a clear and objective basis for valuing the commodity and reducing the risk of pricing disputes.
TTF Merit. The University will establish unit-based pools for merit raises for Tenure- 41 Track and Tenured faculty members equal to 1.625% of the unit’s total base salary 42 (prorated for FTE) in FY 20. To be eligible for the merit raise, the Tenure-Track or 43 Tenured faculty member must have an appointment on December 31, 2019.