In the event of an increase in payroll-based taxes including Social Security, federal unemployment and state unemployment, or amounts payable on behalf of Sodexo's management and Productive Labor for workers' compensation and/or health benefits, then the Contract Price shall be increased by the projected increase in cost to Sodexo from the date of such change in tax rates and or health benefits.
In the event of an increase in the city, state or federal minimum wage, the Contract Price (and the installment payments of the Contract Price) shall be increased from the legislated date of increase in minimum wage by an amount equal to the resultant increase in cost to Sodexo from an increase in wages paid to Productive Labor necessary to match similar increases paid locally as a result of the increase in minimum wage.
In the event of an increase in wages or benefits payable to Productive Labor as a result of unionization, or as a result of the renegotiation and ratification of an existing collective bargaining agreement, the Contract Price (and installments of the Contract Price) shall from the date of increase in wages or benefits be increased by the percentage increase in wage rates and benefits.
If there are any strikes or other labor disturbances affecting the Services, financial terms of this Agreement shall be adjusted by mutual written agreement of the Parties.
In the event Client requests Sodexo to perform work that is outside the scope, as allowable by Kentucky law and regulations, identified in the Parties existing Service Contract for Facilities Management agreement and is not included in the Contract price, Sodexo shall provide Client with a fixed price quote for such out of scope work, which quote shall be based on the following: (i) Sodexo's estimate of the expenses it will incur for services based on invoiced amount, and (ii) a fixed labor rate, established by Sodexo.
Sodexo shall submit invoices to the Client for the out-of-scope work upon completion of such work. Payment shall be due within thirty (30) days after date of invoice, and Sodexo recognizes that Client's payments system is not 30 by default. Payment shall be made by electronic funds transfer into a bank account designated by Sodexo or as otherwise directed by Sodexo. Client shall pay interest on any unpaid amount not paid when due at the lesser of one percent (1%) per month or the highest interest rate allowed by applicable Kentucky state law. Upon termination of this Agreement, all outstanding amounts, including all accrued and unpaid interest, shall become due within thirty (30) days following the date of termination.
7.7 Right of Offset. At any time when Client is past due on any payment obligations to Sodexo, Sodexo shall have the right to offset all or any portion of such outstanding receivables or any other sums due Sodexo from Client, from any amounts owed by Sodexo to Client.
7.8 Audits. Sodexo shall make available for viewing its records relating to this Agreement to the Client within thirty (30) days of such request and/or upon expiration or termination of this Agreement. The parties acknowledge and agree that the scope of any such audit shall be limited to those books, records, document pertaining solely to this Agreement entered into by the parties, and solely for the purpose of validating the invoices submitted by Sodexo to Client. Client agrees not to disclose any confidential or Trade Secrets and Proprietary