Overhead Rate Sample Clauses

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Overhead Rate. The overhead rate used and defined for this Contract is the rate on file and unexpired with the Ohio Department of Transportation (ODOT) at the time the Contract is negotiated. (If the Consultant does not have an ODOT overhead rate, or the rate has expired, the rate that will be used is the ODOT Safe Harbor Rate or the ODOT average overhead rate in effect at the time the Contract is negotiated, or a rate negotiated that will be no more than the ODOT average overhead rate.) The overhead rate includes the Consultant’s actual costs which are incurred for the operation of the Consultant’s offices and business, incurred for the performance of the Consultant’s specific contracts, and which are allocable to the services performed under this Contract. The overhead shall be calculated as a percentage of the Direct Labor Cost. The rate or percentage of the Direct Labor Costs shall be noted on the Exhibit C “Cost Summary”, and shall be effective for the duration of this Contract, and is to be (insert specific Consultant ODOT Rate). It may decrease with the mutual written agreement of the Parties.
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Overhead Rate. Introduction
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Overhead Rate. The Overhead Rate for each Task Order shall be applied to the Direct Personnel Costs as permitted above. Computation of the Overhead Rate shall include the following indirect cost items: applicable taxes, employee benefits, insurance payments, maternity leave, paternity leave, medical leave, family leave, disability benefits, bonuses, overtime pay, premium pay, parking and car allowance, fringe benefits, retirement plans, union dues, contributions and assessments required by Law, and collective bargaining, and corporate expenses as otherwise allowed in compliance with 48 CFR Part 31. 1) An Overhead Rate is applicable for a one-year accounting period (“Provisional Overhead Rate”). Ninety (90) days prior to the expiration of the applicable accounting period, the Consultant shall submit one of the following: i) a current indirect cost audit (not currently under dispute) by a cognizant federal or state government agency; ii) a new calculation by the Consultant of the Overhead Rate in accordance with this Section
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Overhead Rate. The OHCRIF funds include an overhead rate of 10% applied to the sub-total of all expenses (personnel, travel and equipment costs). Examples of ineligible costs include: i. Per diems and consulting fees for faculty; ii. Computers (except for Impact Projects); iii. Costs of alcohol and meals; iv. Costs of entertainment, hospitality and gifts; v. Staff awards and recognition; vi. Education-related costs such as tuition and course fees, leading up to a degree; vii. Costs related to professional training or development, such as computer and language training; viii. Costs involved with the preparation of teaching materials; ix. Standard monthly connection or rental costs of telephones; x. Connection or installation of lines (telephone or other links) and voice mail; xi. Library acquisitions, computer and other information services provided to all members of an institution; xii. Commuting costs of recipients and research personnel between their residence and place of employment, or between two places of employment; xiii. Administrative (or management) charges and fees; xiv. Compensation-related benefits to recipients of stipends; xv. Travel costs to attend the Province’s Policy Research Symposium; (Recipients may be eligible for travel costs if they contact the Province prior to the date of the Symposium); and xvi. Severance and termination costs.
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Related to Overhead Rate

  • Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate. 5.10.2 In respect of Interest Periods pursuant to Clause 5.3.2 and subject to Clause 5.3.2, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during an Interest Period shall be the Fixed Rate.

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Mandate Rate The Mandate Rate shall be based upon the monthly average of the net assets of the funds in the Equity asset class, as indicated on Master Schedule A to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. The Mandate Rate may vary by class. The Mandate Rate shall be determined on a cumulative basis pursuant to the schedule set forth in Schedule 1 of this Contract.