Allocable Overhead Costs definition

Allocable Overhead Costs means the overhead costs of the functions that directly support an activity under this Agreement, as determined using the same allocation methods that the Party incurring such costs uses throughout its operations. In all cases, Allocable Overhead Costs shall exclude [ * ].
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Allocable Overhead Costs has the meaning set forth in Section 10(a).
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Allocable Overhead Costs means, with respect to a Product and a given Calendar Quarter, all general and administrative overhead costs of the functions that directly support the promotion of such Product in the Field in the U.S. Territory by a Partnership Party, including costs reasonably attributable to compliance, account administration, accounts payable and receivables management, interest on working capital associated with inventory and receivables of such Product in the U.S. Territory, and Out-of-Pocket Expenses incurred for legal and accounting functions, in each case incurred in accordance with the U.S. Territory Commercialization Plan and Budget.
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Examples of Allocable Overhead Costs in a sentence

  • Direct Labor and Allocable Overhead Costs The cost of direct labor and manufacturing overhead resources consumed in the production process.

  • Each Expense Statement shall set forth the Manager’s proposed good faith allocation of all Out of Pocket Expenses and Allocable Overhead Costs between the Service Entities.


More Definitions of Allocable Overhead Costs

Allocable Overhead Costs means, with respect to a Shared Product and with respect to a Calendar Quarter, all general and administrative overhead costs of the functions that directly support the promotion of such Shared Product in the Field in the United States under the Agreement, including costs reasonably attributable to compliance, account administration, accounts payable and receivables management, interest on working capital associated with inventory and receivables of such Shared Product in the United States, and Out-of-Pocket Expenses incurred for legal and accounting functions, in each case incurred in accordance with the Commercial Plan. The Parties anticipate that such functions shall be performed almost exclusively by or on behalf of Infinity and Infinity Related Parties, so the vast majority of the Parties’ collective Allocable Overhead Costs will be incurred by Infinity and Infinity Related Parties and, therefore, the Parties shall in good faith agree upon a method of ensuring that each Party attributes costs to Allocable Overhead Costs in a manner that reflects each Party’s relative responsibility for the functions described in this definition.
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Related to Allocable Overhead Costs

  • Allocable Overhead means costs incurred by a Party or for its account that are attributable to a Party's facilities and occupancy costs, corporate bonus (to the extent not charged directly to a department), and its supervisory, payroll, information systems, human relations and purchasing functions and that are allocated to company departments based on space occupied or headcount or other activity-based method. Allocable Overhead shall not include any costs attributable to general corporate activities, including, by way of example, executive management, investor relations, business development, legal affairs and finance.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • Direct Costs means the sum of the following: