Allowable Employer Contributions Clause Samples

Allowable Employer Contributions. Those taxes, unemployment insurance, and employers’ contributions to Social Security and Medicare required under Applicable Law to be paid by employers and such other benefits as required by collective bargaining agreements (in place and covering the Project) or are paid to all employees of the Construction Manager-at-risk (or the employees of the partners or joint venture members of the Construction Manager-at-risk for their respective employees) as part of its customary benefits (established and in place prior to and independently of the Project) such as sick leave, medical and health benefits, holidays, vacations and pensions (whether employer funding of defined benefit plans or employer contributions to 401k plans), provided such costs are based on wages or salaries to the extent reimbursable hereunder as Cost of the Work and substantiated on the basis of actual, verifiable costs incurred and paid by Construction Manager-at- risk. Allowable Employer Contributions shall also include costs for workers compensation and employer liability insurance for such employees, in accordance with and as further described in ASU’s Request for Proposals for this Project. Allowable Employer Contributions shall not include employee bonuses and/or costs associated with Employee Stock Ownership Plans (ESOP’s) or other bonuses or profit sharing compensation, and such costs shall not be reimbursable as Cost of the Work. All reimbursement for Allowable Employer Contributions are subject to audit to determine the actual cost of such Contributions unless and to the extent that the parties have agreed to fixed or agreed ▇▇▇▇-ups or rates in the Special Conditions, if any, to this Agreement.