Net Cost Clause Samples
The Net Cost clause defines how the actual cost incurred by a party, after accounting for deductions such as discounts, rebates, or recoveries, is calculated for a particular transaction or service. In practice, this clause ensures that only the true out-of-pocket expenses are considered, excluding any amounts that are offset by third-party payments or cost recoveries. By establishing a clear method for determining net cost, the clause helps prevent disputes over reimbursement amounts and ensures that parties are only compensated for their genuine financial expenditures.
Net Cost. Net cost computation will be as follows: sabbatical cost shall be equal to teacher's sabbatical salary plus replacement teacher salary plus fringes for both, minus teacher's salary and fringes if not on sabbatical.
Net Cost. “Net cost” means total cost minus sales promotion, marketing, and after- sales service costs, royalties, shipping and packing costs, and non-allowable interest costs that are included in the total cost;
Net Cost. 1. If Annex 3-D (Product-Specific Rules of Origin) specifies a regional value content requirement to determine whether an automotive good of subheading 8407.31 through 8407.34, 8408.20, subheading 8409.91 through 8409.99, heading 87.01 through 87.09 or heading 87.11 is originating, each Party shall provide that the requirement to determine the origin of that good based on the Net Cost Method is calculated as set out under Article 3.5 (Regional Value Content).
2. For the purposes of this Article:
Net Cost. The actual net cost to Seller of an item, after all -------- rebates and credits have been issued, including freight charges (if any) that have been paid by Seller to the manufacturer.
Net Cost. Net cost for the purpose of this Agreement takes into account the Capital recovery, Annual Operating Expenses minus Annual revenue.
Net Cost. 1. For the purpose of this Article, the following definitions apply, in addition to those set out in Article 1: motor vehicle means a product of subheading 8703.21 through 8703.90; net cost means total cost minus sales promotion, marketing and after‑sales service costs, royalty, shipping and packing costs, and non‑allowable interest cost that are included in the total cost; non‑allowable interest cost means interest costs incurred by a producer that exceed 700 basis points above the applicable national government interest rate identified for comparable maturities; royalty means payments of any kind, including payments under technical assistance or similar agreements, made as consideration for the use or right to use any copyright, literary, artistic, or scientific work, patent, trademark, design, model, plan, secret formula or process, excluding those payments under technical assistance or similar agreements that can be related to specific services such as:
(a) personnel training, without regard to where it is performed; and
(b) if performed in the territory of one or both of the Parties, engineering, tooling, die‑setting, software design and similar computer services, or other services; sales promotion, marketing, and after‑sales service costs means the following costs related to sales promotion, marketing, and after‑sales service:
(a) sales and marketing promotion; media advertising; advertising and market research; promotional and demonstration materials; exhibits; sales conferences, trade shows and conventions; banners; marketing displays; free samples; sales, marketing and after‑sales service literature (product brochures, catalogues, technical literature, price lists, service manuals and sales aid information); establishment and protection of logos and trademarks; sponsorships; wholesale and retail restocking charges; entertainment;
(b) sales and marketing incentives; consumer, retailer or wholesaler rebates; merchandise incentives;
(c) salaries and wages; sales commissions; bonuses; benefits (for example, medical, insurance, and pension); travelling and living expenses; and membership and professional fees for sales promotion, marketing, and after‑sales service personnel;
(d) recruiting and training of sales promotion, marketing, and after‑sales service personnel, and after‑sales training of customers' employees, if those costs are identified separately for sales promotion, marketing, and after‑sales service of products on the financial statements o...
Net Cost. $ ------------------------------------------------------------- (NET COST ILLUSTRATION MUST BE SUBMITTED)
9. CONTRIBUTIONS (COMPLETE ONLY IF CONTRIBUTION BASIS POST-AUGUST 13, 1982 AND FURTHER CONTRIBUTIONS ANTICIPATED)
a. Reminder Notice (Billing) Required |_| Yes |_| No IF YES, complete B-C-D
b. Reminder Frequency: |_| Annual |_| Semi-Annual |_| Quarterly For Salary Allotment Only: |_| Monthly |_| Semi-Monthly |_| Bi-Weekly
c. First Reminder Date (IF SALARY ALLOTMENT, MUST AGREE WITH EXISTING UNIT OR ATTACHED 983-2357 FORM): Mo. Day ------------- ------------- d. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ $ ------------------------------------------------------- (CONTRIBUTIONS MUST BE AT LEAST $50.)
10. EXPECTED FIRST PARTICIPATION YEAR CONTRIBUTION $ ---------------------------- (MUST BE AT LEAST $1,000 OR $600 IF SALARY ALLOTMENT) FOR SALARY ALLOTMENT ONLY: IF AN ADVANCED PARTICIPATION DATE IS REQUESTED, COMPLETE #9C AND #13. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- (FOR PROCESSING OFFICE USE) Unit Name Cert or App. # --------------------------- ------------------------ Frequency Reminder Date --------------------------- ------------------------- Amendment Required Participation Date ------------------ -------------------- ---------------------------------------------------------------------------- Receipt Date | Batch # | Inquiry # | Processor ---------------------------------------------------------------------------- -------------------------------------------------------------------------------- 983-2356A-PA (8-87) Cat. #121442
Net Cost. 1. For the purpose of this Article, the following definitions apply, in addition to those set out in Article 1:
(a) personnel training, without regard to where it is performed; and
(b) if performed in the territory of one or both of the Parties, engineering, tooling, die-setting, software design and similar computer services, or other services;
(a) sales and marketing promotion; media advertising; advertising and market research; promotional and demonstration materials; exhibits; sales conferences, trade shows and conventions; banners; marketing displays; free samples; sales, marketing and after-sales service literature (product brochures, catalogues, technical literature, price lists, service manuals and sales aid information); establishment and protection of logos and trademarks; sponsorships; wholesale and retail restocking charges; entertainment;
(b) sales and marketing incentives; consumer, retailer or wholesaler rebates; merchandise incentives;
(c) salaries and wages; sales commissions; bonuses; benefits (for example, medical, insurance, and pension); travelling and living expenses; and membership and professional fees for sales promotion, marketing, and after-sales service personnel;
(d) recruiting and training of sales promotion, marketing, and after-sales service personnel, and after-sales training of customers' employees, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer;
(e) product liability insurance;
(f) office supplies for sales promotion, marketing, and after-sales service of products, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer;
(g) telephone, mail, and other communications, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer;
(h) rent and depreciation of sales promotion, marketing, and after-sales service offices and distribution centres;
(i) property insurance premiums, taxes, cost of utilities, and repair and maintenance of sales promotion, marketing, and after-sales service offices and distribution centres, where such costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer; a...