Corporate Overhead Factor definition

Corporate Overhead Factor means the result obtained by dividing: (i)hard overhead costs for services or facilities shared by the Facilities including, without limitation, marketing, human resource and technology expenses and support staff and management salaries and other business expenses and costs that cannot be allocated to a particular Facility or business venture or segment of the Company but instead represent costs and expenses associated with operating all of the Company's ethanol plants and other Company business ventures or segments (the "Hard Costs") by (ii)the total number of the Company's ethanol plants plus other Company ventures and segments that require the use of the hard overhead. The Hard Costs shall only include reasonable, ordinary course costs and expenses and shall not include any soft costs such as plant write-offs or other similar costs or expenses that may, for accounting purposes, be allocated at the Company level accounted for at the Company level but are specifically attributable to a particular plant, business venture or business segment of the Company. Along with each payment made under Section 3(a)(iii), Company shall provide Consultant with an accounting showing the detail of the calculation of Net Income, Costs Per Facility and Corporate Overhead Factor.
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Examples of Corporate Overhead Factor in a sentence

  • Corporate Overhead Factor $** per Annum Business Overhead Factor $** per Policy Corporate Overhead Factor $** per Annum Business Overhead Factor $** per Policy Corporate Overhead Factor $** per Annum The Service Charges will be determined quarterly and billed to the Company in three equal installments at the end of the month during the quarter.

  • Each monthly installment billed for a particular line of business will be determined by (a) multiplying the actual number of units at the beginning of the quarter covered by this Agreement times the Business Overhead Factor (divided by twelve), if applicable, and (b) adding the applicable Corporate Overhead Factor (divided by twelve).