Billable Employee definition
Billable Employee means, for any period, an employee of a Group Company who is identified as a “billable employee” in the Company’s “HRIS” system in accordance with the Accounting Practices and whose time has primarily been billed during such period to clients of the Group Companies. Schedule 1.1(a) hereto sets forth a list, as of October 1, 2022, of the Billable Employees and Non-Billable Employees. For clarity, a temporary employee whose employment has a specified termination date and (i) who is affiliated with a university, educational institution or other educational efforts and (ii) who is either (A) in a work semester typically lasting less than four months (and whose employment has not been renewed for a subsequent work semester after the previous semester has ended) or (B) allocating a reasonable amount of time for educational purposes while attending an educational institution shall not be deemed a Billable Employee.
Billable Employee means, for any period, an employee of the WillowTree Revenue Group who is identified as a “billable employee” in the Company’s “HRIS” system in accordance with the Accounting Practices and whose time has primarily been billed during such period to clients of the WillowTree Revenue Group. A list, as of October 1, 2022, of the Billable Employees and Non-Billable Employees, has been provided by the Class A Representative Member to the Principal Member prior to the Effective Date. For clarity, a temporary employee whose employment has a specified termination date and (i) who is affiliated with a university, educational institution or other educational efforts and (ii) who is either (A) in a work semester typically lasting less than four months (and whose employment has not been renewed for a subsequent work semester after the previous semester has ended) or (B) allocating a reasonable amount of time for educational purposes while attending an educational institution shall not be deemed a Billable Employee.
Examples of Billable Employee in a sentence
To the extent any Billable Employee does not have an ARMR, the lowest consulting fee rate determined by such Party for such Billable Employee shall be used.
Such certificate shall also certify that with respect to any increase in the Purchase Price in excess of the Purchase Price Cap relating to Actual Billable Employee Disbursement Amounts in excess of the corresponding estimated amounts, that all such amounts relate solely to disbursements attributable to billable employees and sub-contractors of the Business.