Examples of Basic Index in a sentence
If at the time of payment of any amount under this Guarantee, the New Index shall be higher than the Basic Index, the Amount of the Guarantee shall be calculated as increased in a rate equal to the rate in which the New Index has increased in comparison with the Basic Index.
While these two factors are in the list of importance for the employees on the second and third place, with managers they are at eighth and tenth place.
If it shall transpire that the New Index is equal to the Basic Index or lower therefrom, the Amount of the Guarantee shall remain unchanged.
Using the CPI published as of May 2014 as the Basic Index, the contracted PPM will be adjusted to the quotient obtained by dividing (C) into the product of (A) multiplied by (B), where (A) is the CPI as of May 31 in the immediately preceding Contract Year for which the adjustment is being computed; where (B) is the contracted PPM for the initial Contract Year (prior to any adjustment) and where (C) is the Basic Index.
For the purpose of determining such increased Annual Base Salary for a Contract Year, the Basic Index Figure ("BIF") shall be such Consumer Price Index for the month of October in the second preceding Contract Year.