Index Formula definition
Index Formula means the percentage increase or, as applicable, decrease in the Employment Cost Index – Union Manufacturing (Series Id: CIU2013000000510I (B)) published by the United States Department of Labor, Bureau of Labor Statistics, or any inflation index that succeeds or replaces it for the twelve (12) most recent months of available data preceding the commencement of the applicable Contract Year.
Index Formula is the percentage increase or, as applicable, decrease in the [*****] Index - [*****] (Series Id: [*****]) published by the United States Department of Labor, Bureau of Labor Statistics, or any inflation index that succeeds or replaces it for the twelve (12) most recent Months of available data preceding the commencement of the applicable Contract Year.
Examples of Index Formula in a sentence
The rate of Damages specified above shall be increased in accordance with Inflation Index Formula commencing 30% of Operation Performance Security.