Costs of performance definition

Costs of performance means direct costs determined in a manner consistent with generally accepted accounting principles and in accordance with industry practices in the LLC’s trade or business.
Sample 1Sample 2Sample 3
Costs of performance means direct costs determined in a manner consistent with generally accepted accounting principles and in accordance with accepted conditions or practices in the trade or business of the taxpayer.
Sample 1Sample 2Sample 3
Costs of performance means direct costs consistent with a taxpayer’s method of accounting for federal income tax purposes. In other words, those costs directly related to the activity performed for the client. Indirect costs not directly related with the performance of the contracted service are not used in calculating the costs of performance.
Sample 1Sample 2Sample 3

Examples of Costs of performance in a sentence

  • Costs of performance shall be segregated, accumulated and invoiced to the appropriate ACRN categories to the extent possible.

  • Costs of performance Each party bears the costs of performance of the party’s obligations.

  • Costs of performance Each party shall bear the costs of performance of its obligations.

  • Costs of performance of the Code Compliance Work shall be disbursed by Escrow Holder from the Holdback Escrow to Buyer as required during the course of performance of the Code Compliance Work, upon Buyer’s submission to Escrow Holder of a request for payment accompanied by invoice(s) reasonably evidencing the requested amount.

  • A person’s rights and interest under the Plan, including amounts payable, may not be sold, assigned, donated, or transferred or otherwise disposed of, mortgaged, pledged, or encumbered except by will or the laws of descent and distribution.

  • Accordingly, we may establish a (loose) upper bound for the variance of Y as: XXX64nV ar[Y ] = (2µ2 + σ2 )σ2 /n ≤ 33 , 3(Giancola et al., 2018) suggest that mislabeling is not necessarily follow a discrete uniform distribution, and systematic confusions (aptly named ”class permutations”) are observed among the annotation workers on several tasks including text clustering, rare class simulation, and dense image segmentation.

  • Costs of performance shall be segregated, accumulated and invoiced to theappropriate ACRN categories to the extent possible.

  • Costs of performance The costs of performance shall be borne by the debtor, unless caused by the creditor.

  • ACTIONS (for each target country) 1st YEAR 2nd YEAR 3rd YEAR TOTAL Action 1* Action 2* Action N* Total cost of airing time/advertising space (1A) Total cost of actions excluding the cost of airing time/advertising space (1B) Total for actions (1)** Costs of performance guarantee Fees of the implementing body for media buying (max.

  • Costs of Performance Article 163 Costs of performance shall be born by the debtor, unless where caused by the creditor.


More Definitions of Costs of performance

Costs of performance means direct costs determined in a manner consistent with generally accepted accounting principles and in accordance with customarily accepted conditions or practices in the type of trade or business in which the service provider engages. In no event shall a cost of performance be attributed to a location where the service provider is not itself doing business as evidenced by a place of business, property, employees, or representatives that are agents or independent contractors, or inventory.]
Sample 1

Related to Costs of performance

  • Time of Performance means the specific time or times indicated in the Contract at which or within which delivery or other performance is to be completed.

  • Standard of performance means a standard for emission of air pollutants which reflects the degree of emission limitation achievable through the application of the best system of emission reduction which (taking into account the cost of achieving such reduction) the Director determines has been adequately demonstrated.

  • Schedule of Performance means that schedule of performance, attached hereto as Exhibit G and incorporated herein, setting forth the timelines for Milestones in the design, development, construction, and completion of the Project (including a construction timeline in customary form) together with the dates for submission of documentation required under this Agreement, which schedule shall be attached to the Development Plan and to the Declaration.

  • Adequate Assurance of Performance has the meaning given to it in Section 10.3.

  • Basket Performance means a decimal number calculated by applying the following formula: X ⎛ Underlyingi,FINAL ⎞⎜⎟BP = ∑⎜ Wi × Underlying ⎟i=1 ⎝i,INITIAL ⎠ where: BP = Basket Performance X = 2 Wi = Weighting of the relevant Underlying Underlying i,FINAL Underlying i,INITIAL= Reference Price of the relevant Underlying with respect to the Valuation Date = Initial Price of the relevant Underlying

  • Unsatisfactory Performance means any of the following:

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Underlying Performance means in relation to the Valuation Date a decimal number calculated by applying the following formula: UP =Underlying FINAL Underlying INITIAL where: UP = Underlying Performance with respect to the Valuation Date UnderlyingFINAL UnderlyingINITIAL= Reference Price of the Underlying with respect to the Valuation Date = Initial Price of the Underlying

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Sexually explicit performance means a live or public act or show intended to arouse or satisfy the sexual desires or appeal to the prurient interest of patrons.

  • Special categories of personal data means information about an individual's racial or ethnic origin, political opinions, religious or philosophical beliefs, trade union membership, health, sex life or sexual orientation and biometric data.

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.

  • Eligible Costs means the actual costs reasonably incurred by the Recipient:

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

  • Environmental Performance means all or any of the following: the consumption of energy and associated generation of greenhouse gas emissions; the consumption of water; waste generation and management; and any other environmental impact arising from the use or operation of the Premises or the Estate;

  • 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.

  • Total Performance means the date of the City’s acceptance of the Work in writing as fully performed according to the Contract Documents; and

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Labor costs means total compensation of all employees, not to include compensation paid

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e). Nonincumbent Developer:

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Obscene matter or an obscene performance means matter described in 1984 PA 343, MCL 752.361 to 752.374.