direct labour definition

direct labour means any procedure which is applied to input materials from which a product is manufactured, from the time the materials have first come to hand of the work force actually manufacturing the product to the time the finished product is put up in retail package, but does not include any procedure of designing, pattern making or dye processing; and
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direct labour means any procedure which is applied to input materials from which a product is manufactured, from the time the materials have first come to hand of the work force actually
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direct labour consists of the cost of direct labour including benefits related thereto as determined in accordance with the methods employed in prior fiscal years. The following represents the minimum financial performance levels that must be met for each of the applicable 12 month fiscal periods as indicated in the period end records: Minimum Annual 12 Month "Contribution Margin Contingent Share Fiscal Period After Directs" Proceeds Earned June 30, 1998 $44,000,000 $ 500,000 June 30, 1999 $48,400,000 $ 500,000 June 30, 2000 $53,240,000 $1,000,000 June 30, 2001 $58,564,000 $1,500,000 June 30, 2002 $64,420,000 $1,500,000 In each fiscal period that the minimum "contribution margin after directs" is met or exceeded, the corresponding contingent share proceeds amount reflected above will be accrued to the credit of the "Stockholders". For the purposes of calculating the "contribution margin after directs" for the fiscal periods ending June 30, 2001 and June 30, 2002, the percentage of sales cost, direct labour and material to the sales value shall not exceed the percentage amounts actually experienced for each cost element for the year ended June 3, 2000. To the extent that the actual percentage experienced for each category cost in 2001 or 2002 exceeds the category percentages experienced in the fiscal year ended June 30, 2000, the actual excess cost so experienced would be ignored for the purposes of the "contribution after directs" calculation for that particular year. The total of the annual contingent share proceeds amounts earned will be paid to the stockholders on or before September 1, 2002. The ability for the company to meet the performance objectives is contingent upon continued investments in technology, processes, and material/supplier development in amounts consistent with prior years. Breed warrants continued commitment to these practices provided historical practices continue to indicate corresponding returns and reflect sound business practice.
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More Definitions of direct labour

direct labour. (“Forced Account”) means the procurement of civil works by a procuring entity using its own internal personnel or staff, equipment and resources;
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Related to direct labour

  • Labour means workers employed by a Contractor directly or indirectly through a sub- contractor or by an agent to do any skilled, semi-skilled, unskilled, manual, technical or clerical work relating to the subject of Contract for hire or reward.

  • Local Labour means skilled, semi-skilled workers of all trades engaged by the Contractor on the Site for the purpose of or in connection with the Contract or engaged full time by the Contractor off the site for the Purpose of or in connection with the Contract (by way of illustration but not limitation: workers engaged full time in any office, store, workshop or quarry).

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • Indirect supervision means the supervision of an unlicensed school staff member when the school nurse or other health care provider is not physically available on site but immediately available by telephone.

  • Municipal Separate Storm Sewer System Management Program or "MS4 Program" means a management program covering the duration of a state permit for a municipal separate storm sewer system that includes a comprehensive planning process that involves public participation and intergovernmental coordination, to reduce the discharge of pollutants to the maximum extent practicable, to protect water quality, and to satisfy the appropriate water quality requirements of the CWA and regulations and the Act and attendant regulations, using management practices, control techniques, and system, design and engineering methods, and such other provisions that are appropriate.