CALENDAR ADJUSTMENT Sample Clauses

CALENDAR ADJUSTMENT. In the event there is a state law requirement to make up pupil count days lost for emergency school closing, a Joint Committee of Association and Administration, six persons (6), shall be convened to adjust the calendar in order to meet State Law Requirements.
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CALENDAR ADJUSTMENT. A. When the Employer determines that a need exists for additional work on a building level basis, the work shall be offered at the negotiated hourly rate.
CALENDAR ADJUSTMENT. Calendar adjustment refers to the correction for calendar variations. Two different types of calendar effect can be distinguished: - working/trading day effect; - moving holidays. Working day or trading day adjustment means correction raw series for differences in the number of working or trading days in a given period (quarter) which differ from year to year which and has impact upon the level of activity in that period. Daily composition of the quarter is not constant, even the length varies (Leap Year). Moving Holidays, for example Easter, have also impact on some activities. Easter effect influences first or second quarter (falls in March or April). Calendar adjusted series are derived from raw series after eliminating working day effect and Easter effect. In Polish practice these two effects are estimated during seasonal adjustment using Demetra’s default model. In the final Excel file two shits are achieved: aggregate trading day effects(.pt) and Easter effect (.pse). Depending on the relationship between the components in the original series, the mode of calendar adjustment may be additive or multiplicative. In case multiplicative model of the original series, quarterly calendar factors are ratios, with all positive values centered around unity. The purely calendar adjusted series are computed by dividing each quarter’s original value by corresponding trading day factor and Easter day factor. In additive model quarter calendar factors represent positive or negative deviations from the original series and are centered around zero. The purely calendar adjusted series are computed by subtracting corresponding trading day factor and Easter day factor from each quarter’s original value. Period Original series Aggregate Trading Day Effects Easter Effect Calendar adjusted series Final consumption expenditure Construction Final consumption expenditure Construction Final consumption expenditure Construction Final consumption expenditure Construction Q. I 95 107 945,9 6 805,0 0,9989 46,7367 1,0 0,0 108 064,4 6 758,3 Q. II 95 117 864,7 9 301,9 0,9967 -261,7256 1,0 0,0 118 256,2 9 563,6 Q. III 95 120 789,1 10 667,2 0,9986 -112,1681 1,0 0,0 120 960,9 10 779,4 Q. IV 95 126 086,5 13 217,6 0,9969 -243,0309 1,0 0,0 126 475,4 13 460,6 Q. I 96 122 665,1 6 389,0 1,0042 -65,4300 1,0 0,0 122 146,1 6 454,4 Q. II 96 123 355,6 9 494,5 0,9967 -261,7200 1,0 0,0 123 765,4 9 756,2 Q. III 96 127 581,0 11 358,6 0,9994 -46,7367 1,0 0,0 127 656,6 11 405,3 Q.IV 96 133 220,0 13 708,9...

Related to CALENDAR ADJUSTMENT

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.

  • Wage Adjustment Notwithstanding any provision in this Agreement on the contrary, the wages of employees shall be reduced by the amount of employee contributions made by the employer pursuant to the provisions hereof.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Contingent Price Adjustment It is the policy of the State of Oregon that unprocessed timber shall not be exported from lands owned or managed by the STATE or any of its political subdivisions or agencies, in accordance with the terms of current federal law and the Constitution and the laws of the State of Oregon. PURCHASER specifically agrees that Section 1 is a material term of this contract and is part of the consideration offered to STATE in return for STATE's performance. In the event that any federal law or state constitutional provision or law or any provision of this contract concerning export of unprocessed timber is declared invalid by any court or administrative tribunal, PURCHASER agrees to pay to STATE a contingent price in the amount of the difference between the purchase price set forth in this section and the price obtained by PURCHASER for the exported unprocessed timber. The default provisions of OAR 629-032-0000 through 629-032-0070 shall not apply to exported unprocessed timber. In the event that timber made available under this contract is exported in violation of this contract, PURCHASER shall be in material breach of the contract. STATE shall be entitled to cease performance of the contract and recover, in addition to the adjusted price set out above, a further sum estimated to compensate for administrative expense and the economic impact of the violation upon the State and its citizens. In no case shall this additional amount be less than $10,000 per incident.

  • Contract Term Adjustment “Contract Term Adjustment” means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • ECONOMIC ADJUSTMENT Beginning twelve (12) months after the effective date of this Statewide Contract and for every annual anniversary thereafter, the prices set forth in Exhibit B – Prices for Services shall be adjusted, based upon the percent changes (whether up or down) in the United States Department of Labor, Bureau of Labor and Statistics (BLS) indices described below, for the most recent year. Economic adjustment will lag one (1) calendar quarter past the Contract commencement date to allow for publication of BLS data. All calculations for the index shall be based upon the latest version of data published as of one year of the effective date each year. Prices shall be adjusted on February 1st. If an index is recoded (i.e., the recoded index is a direct substitute for the prior index according to the BLS), this Statewide Contract will use the recoded index, as applicable. If an index becomes unavailable, Enterprise Services shall substitute a proxy index. If there is not a direct substitute, the next higher aggregate index available will be used. The economic adjustment shall be calculated as follows: New Price = Old Price x (Current Period Pricing/Base Period Index)

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

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