Common use of Overhead Clause in Contracts

Overhead. As compensation for costs not specifically identified as chargeable to the Joint Account pursuant to Section II (Direct Charges), the Operator shall charge the Joint Account in accordance with this Section III. Functions included in the overhead rates regardless of whether performance by the Operator, Operator’s Affiliates or third parties and regardless of location, shall include, but not be limited to, costs and expenses of: · warehousing, other than for warehouses that are jointly owned under this Agreement · design and drafting (except when allowed as a direct charge under Sections II.13, III.1.A(ii), and III.2, Option B) · inventory costs not chargeable under Section V (Inventories of Controllable Material) · procurement · administration · accounting and auditing · gas dispatching · human resources · management · supervision not directly charged under Section II.2 (Labor) · legal services not directly chargeable under Section II.9 (Legal Expense) · taxation, other than those costs identified as directly chargeable under Section II.10 (Taxes and Permits) · preparation and monitoring of permits and certifications; preparing regulatory reports; appearances before or meetings with governmental agencies or other authorities having jurisdiction over the Joint Property, other than On-site inspections; reviewing, interpreting, or submitting comments on or lobbying with respect to Laws or proposed Laws. Overhead charges shall include the salaries or wages plus applicable payroll burdens, benefits, and Personal Expenses of personnel performing overhead functions, as well as office and other related expenses of overhead function.

Overhead. As compensation for costs not specifically identified as chargeable to the Joint Well Account pursuant to Section II (Direct Charges), the Operator shall charge the Joint Well Account in accordance with this Section III. Functions included in the overhead rates regardless of whether performance by the Operator, Operator’s Affiliates or third parties and regardless of location, shall include, but not be limited to, costs and expenses of: · warehousing, other than for warehouses that are jointly owned under this Agreement · design and drafting (except when allowed as a direct charge under Sections II.13, III.1.A(ii), and III.2, Option B) · inventory costs not chargeable under Section V (Inventories of Controllable Material) · procurement · administration · accounting and auditing · gas dispatching · human resources · management · supervision not directly charged under Section II.2 (Labor) · legal services not directly chargeable under Section II.9 (Legal Expense) · taxation, other than those costs identified as directly chargeable under Section II.10 (Taxes and Permits) · preparation and monitoring of permits and certifications; preparing regulatory reports; appearances before or meetings with governmental agencies or other authorities having jurisdiction over the Joint PropertyXxxxx, other than On-site inspections; reviewing, interpreting, or submitting comments on or lobbying with respect to Laws or proposed Laws. Overhead charges shall include the salaries or wages plus applicable payroll burdens, benefits, and Personal Expenses of personnel performing overhead functions, as well as office and other related expenses of overhead function.

Overhead. As compensation for costs not specifically identified as chargeable to the Joint Account pursuant to Section II (Direct Charges), the Operator shall charge the Joint Account in accordance with this Section III. Functions included in the overhead rates regardless of whether performance performed by the Operator, Operator’s 's Affiliates or third parties and regardless of location, shall include, but not be limited to, costs and expenses of: · o warehousing, other than for warehouses that are jointly owned under this Agreement · o design and drafting (except when allowed as a direct charge under Sections II.13II. 13, III.1.A(ii), and III.2, III.2 Option B) · o inventory costs not chargeable under Section V (Inventories of Controllable Material) · o procurement · o administration · o accounting and auditing · o gas dispatching · and gas chart integration o human resources · o management · o supervision not directly charged under Section II.2 (Labor) · o legal services not directly chargeable under Section II.9 (Legal Expense) · o taxation, other than those costs identified as directly chargeable under Section II.10 (Taxes and Permits) · o preparation and monitoring of permits and certifications; preparing regulatory reports; appearances before or meetings with governmental agencies or other authorities having jurisdiction over the Joint Property, other than On-site inspections; reviewing, interpreting, or submitting comments on or lobbying with respect to Laws or proposed Laws. Overhead charges shall include the salaries or wages plus applicable payroll burdens, benefits, and Personal Expenses of personnel performing overhead functions, as well as office and other related expenses of overhead function.functions. STWDJOA - Exhibit "C" 14 2005 COPAS Accounting Procedure