Cost Adjustments. After the first anniversary of the Effective Date, LWI may (or in the case of any reduction in the PPI, LWI shall) annually adjust the various costs and rates set forth in each Statement of Work to reflect changes in the cost of materials and/or labor rate paid by LWI in connection with the production of Product under this Agreement; provided, however, that any increase in labor rates shall not exceed any percentage increase in the US Producer Price Index for the most recently published percentage change for the 12-month period preceding the applicable contract anniversary date. LWI agrees to provide CLIENT with written notice of any such cost adjustment.
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Samples: Services Agreement, Manufacturing Services Agreement (Heat Biologics, Inc.)
Cost Adjustments. After the first anniversary of the Effective Date, LWI may (or in the case of any reduction in the PPI, LWI shall) annually adjust the various costs and rates set forth in each the Statement of Work attached hereto to reflect changes in the cost of materials and/or labor rate paid by LWI in connection with the production of Product under this Agreement; provided, however, that any increase in labor rates shall not exceed any percentage increase in the US Producer Consumer Price Index for the most recently published percentage change for the 12-month period preceding the applicable contract anniversary date. LWI agrees to provide CLIENT with written notice of any such cost adjustment.
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Samples: Manufacturing Services Agreement (Genesis Biopharma, Inc), Exclusive License Agreement (Regenicin, Inc.)
Cost Adjustments. After the first anniversary of the Effective Date, LWI may (or in the case of any reduction in the PPI, LWI shall) annually adjust the various costs and rates set forth in each the Statement of Work attached hereto to reflect changes in the cost of materials and/or labor rate paid by LWI L WI in connection with the production of Product under this Agreement; provided, however, that any increase in labor rates shall not exceed any percentage increase in the US Producer Consumer Price Index for the most recently published percentage change for the 12-month period preceding the applicable contract anniversary date. LWI L WI agrees to provide CLIENT with written notice of any such cost adjustment.
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