Adjustment Procedure definition
Examples of Adjustment Procedure in a sentence
The Council agrees that in the event of layoff due to reorganizations, downsizing and other cutback as defined under Section (a) of the Workforce Adjustment Procedure, dated April and amended September the provisions contained therein attached to this Collective Agreement, shall apply.
ARTICLE TECHNOLOGICAL CHANGE The parties have agreed that in cases where as a result of technological change the services of an employee are no longer required beyond a specified date because of lack of work or the discontinuance of a function, the Council Work Force Adjustment Procedure concluded by the parties will apply.
The percentages to be applied are as follow: • Agent Bank Division – .0065% • Health Services - .0065% • ePay Division – .035% • PRI Division – .008% • ISO Division – .008% As an example, based on the gross processing volume and the above percentages, the application of the Reserve Adjustment Procedure would result in a calculation of the Company Reserve Account of $1,292,500.
The purchase price (the "Purchase Price") for the Ownership Interest will be $409,930 minus the Adjustment Amount if necessary based upon the Adjustment Procedure.
It is agreed by the Parties that not all instances can be resolved by the Board of Adjustment Procedure.
The percentages to be applied are as follow: • [* * *] Division – [* * *]% • [* * *] – [* * *]% • [* * *] Division – [* * *]% • [* * *] Division – [* * *]% • [* * *] Division – [* * *]% As an example, based on the [* * *], the application of the Reserve Adjustment Procedure would result in a calculation of the Company Reserve Account of $[* * *].
Further and for use in the Off-take and Lifting Procedures as well as the Value Adjustment Procedure, Transporter shall procure that Producers’ hydrocarbons are allocated from the hierarchical level “Producers” to “Producer” by applying each Producer’s Percentage.
The Adjustment Amount shall be reflected in a promissory note, in the form of Exhibit 2.5. The Adjustment Amount that is to be paid in Buyer shares shall be priced as of the Closing Date, but shall not be issued until the Adjustment Procedure results have determined Buyer is in fact eligible for receiving those shares.
If County and Contractor cannot agree upon the service fee adjustment, if any, within the time required under the Service Fee Adjustment Procedure, County may implement proposed additional service itself or through others.
The aim of the Value Adjustment Procedure is to establish and describe the principles according to which a fair and equitable value adjustment of each Allocated Crude Oil is performed.