Alteration of Economic Benefits Sample Clauses
The Alteration of Economic Benefits clause defines the conditions under which the financial advantages or entitlements under an agreement may be changed. Typically, this clause outlines scenarios such as changes in law, regulatory requirements, or unforeseen events that could impact the distribution or amount of economic benefits between parties. For example, it may allow for adjustments to payments, fees, or profit-sharing arrangements if external factors significantly affect the original economic assumptions. Its core function is to provide a mechanism for adapting the agreement to changing circumstances, thereby ensuring fairness and maintaining the intended balance of benefits between the parties.
Alteration of Economic Benefits. During the term of this Agreement specific economic benefits which are listed as a subject of mandatory bargaining in NRS 288.150(2) shall not be changed, except by mutual agreement.
