Actual Payroll definition

Actual Payroll means the annual payroll on which the City Income Tax is assessed for (a) all employees of the Developer and its affiliates, including, without limitation Crystal Clinic Orthopaedic Center, LLC and Crystal Clinic, Inc., and (b) all contracted for independent service providers of Developer or its affiliates, including without limitation, the services of anesthesiologists and hospitalists with respect to operations at the TIF Site. "City Income Tax" means the revenues generated by the levy of the City Income Tax Rate. "City Income Tax Rate" means the then current rate of taxation of income Ievied by the City under the Codified Ordinances or the Charter of the City, or any successor provision.
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Examples of Actual Payroll in a sentence

  • Actual Payroll Costs shall be defined as the cost of salaries or wages paid directly to personnel engaged on the Project.

  • The multiplier of 2.5 may be applied to the Actual Payroll Costs for those Additional Services defined in Article 4 hereinafter.

  • If the Actual Payroll exceeds the Estimated Payroll, the principal amount of the Accrued Revenue Note, or, if the Accrued Revenue Note has been cancelled pursuant to SECTION 1.3(D)(1), the Receivable Note, shall be decreased to the extent of such difference.

  • Buyer agrees that it shall be responsible for the distribution of Actual Payroll to the relevant recipients when due following the Closing, and the distribution of paychecks to employees of the Company for the pay period ending on March 24, 2003.

  • Hourly Billing Rates  Actual Payroll Rates within published industry standards  Actual payroll rates for each person anticipated to be performing services on the assignment will be provided in advance of execution of the Contract.

  • Contractor shall include with the monthly invoice a completed Summary of Actual Payroll Hours showing hours allocated to this project.

  • The multiple being applied to the Actual Payroll Costs cover overhead, profit and fringe benefits including, but not limited to, social security contributions, unemployment taxes, excise taxes, payroll taxes, workers’ compensation, health and retirement benefits, bonuses, sick leave, vacation and holiday pay.

  • If the Actual Payroll is less than the Estimated Payroll, the principal amount of the Accrued Revenue Note, or if the Accrued Revenue Note has been cancelled pursuant to SECTION 1.3(D)(1), the Receivable Note, shall be increased to the extent of such difference.

  • If the Actual Payroll is less than the Estimated Payroll, the principal amount of the Accrued Revenue Note, or if the Accrued Revenue Note has been cancelled pursuant to SECTION 1.3(d)(1), the Receivable Note, shall be increased to the extent of such difference.

  • Total Actual Payroll should be exclusive of the value of fringe benefits.

Related to Actual Payroll

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.

  • Payroll means the total salaries and wages before deducting any personal or dependency exemptions.

  • Actual emissions means the actual rate of emissions in tpy of any regulated pollutant (for fee calculation) emitted from a Part 71 source over the preceding calendar year. Actual emissions shall be calculated using each emissions unit’s actual operating hours, production rates, in-place control equipment, and types of materials processed, stored, or combusted during the preceding calendar year.

  • Includible Compensation means “includible compensation” as defined in Section 457(e)(5) of the Code.

  • Regular Part-Time Employee means an employee who is appointed to a regularly scheduled position but works less than full-time. A regular part-time employee is entitled to all benefits outlined in the agreement on a pro rata basis, except where otherwise specified.