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ATTACHMENT K <br />CONTRACTOR'S COMPENSATION AND RATE SETTING PROCESS <br />Forward is calculated or applied for recovery beyond the final Rate Year of the Term. For purposes of <br />this Attachment K, the final Rate Year of the Term means Rate Year Twenty -Five (2035), or, if the Term <br />is extended under Section 3.03.A of the Agreement, the last Rate Year of the mutually agreed Term. If <br />the Term is extended for up to twelve (12) months under Section 3.03.6 of the Agreement, no <br />amounts may be deferred from or to that extension period. <br />If the amount of the Potential Cap Carry Forward is greater than ten percent (10%) of Adjusted <br />Contractor's Compensation for the current Rate Year, the Parties shall meet and confer to discuss the <br />Agency's plan to reduce the amount of the Cap Carry Forward with the goal of eliminating the Cap <br />Carry Forward in the coming Rate Years. <br />Collection Services Franchise Agreement with Recology San Mateo County <br />City of Redwood City <br />ATTY/AGR.2018.054/Recology of San Mateo <br />Attachment K <br />Contractor's Compensation and Rate Setting Process <br />Page 8 of 24 <br />