NCPI definition
Examples of NCPI in a sentence
If at any time during a calendar year the NCPI Current Index increases by ten percent (10%) or more over the NCPI Base Index, then by notice to Customer, Vendor may immediately increase the portion of the amount payable to Vendor in Local Currency under this Agreement by such percentage, without waiting until the first day of the next calendar year.
For avoidance of doubt, the aggregate Net Sales amount shall be adjusted upwards every [*] years by a factor calculated by comparing the CPI for the year in which the adjustment is occurring with the CPI for the year that is [*] years prior, as further described in the formula NNS = (1 + (NCPI – BCPI)/BCPI x 100) x BNS, wherein NNS is the new aggregate Net Sales amount, NCPI is the new CPI, BCPI is the CPI for the base year 2003, and BNS is the base aggregate Net Sales amount for 2003.
The base salary shall be adjusted at the end of each year of employment to reflect any change in the cost of living by multiplying the salary for the prior year by a fraction, the numerator of which is the National Consumer Price Index (NCPI) for the month most recently released by the Bureau of Labor Statistics of the United States Department of Labor and the denominator of which is the NCPI for the identical month in the preceding year.
As of the date hereof, NCPI does not have any material debt, liability or obligation of any nature, whether accrued, absolute, contingent or otherwise, and whether due or to become due.
The base hourly rate set forth in Section 1 above shall be adjusted on the first pay period in April of each year of the contract by multiplying the National Consumer Price Index (NCPI) times the base hourly wage.