Employment Costs definition

Employment Costs means all costs, expenses, charges and contributions arising or accrued in connection with the contract of employment or its termination including, without limitation, all remuneration, emoluments, salaries, wages, bonus, commission, benefit costs, holiday pay, notice pay, redundancy pay, taxation and national insurance contributions and contributions to retirement benefit schemes;
Employment Costs means all salaries, wages, commissions, bonuses, all statutory contributions, holiday pay (including payment for accrued but untaken holiday), national insurance contributions, pension contributions made to or on behalf of an employee, taxation (including all income tax deductible under PAYE) and all other emoluments);

Examples of Employment Costs in a sentence

  • Costs may include the following line items: Unemployment Insurance, Pensions, Health Insurance, Worker's Compensation, FICA, Medicare Tax and other benefits The percentage of "Other Employment Costs" for any position that is only partially allocated to this contract cannot exceed the percentage of salary charged in the contract for that position.

  • These authorizations for transfer can be between Salaries and Other Employment Costs and must be in writing with full documentation.

  • Salary and Other Employment Costs, or Personnel Costs to meet overall State Salary and Other Employment Costs requirements.

  • Determination of the percentage of annual increase or decrease in CPI and Employment Costs for wage inflation shall be made by the Retirement Board on or before April 1 of each year for each of the two immediately preceding calendar years.

  • The percentage by which such indexes for the more recent full calendar year shall have increased or decreased over or below indexes for the full calendar year immediately prior shall be the percentage used to calculate adjustments to Compensation Earnable with the following exceptions: banking shall not be applied nor shall the sum of accumulated CPI and Employment Costs adjustments plus Compensation Earnable fall outside the Executive Pay Range approved by the City Council each fiscal year.


More Definitions of Employment Costs

Employment Costs means, with respect to any employee of Biomatrix, for any period, the aggregate amount of *
Employment Costs means a sum equivalent to the aggregate of:
Employment Costs means all routine and periodic costs payable to the relevant employee or as a result of his or her employment, including wages, salaries, bonuses, commission, shift allowances, overtime pay, vacation pay, sick pay, maternity, paternity, adoption and shared parental pay, the reimbursement of expenses, premiums in respect of insured employee benefits, employer contributions to any pension scheme and any Taxes payable by the employer in respect of any such amounts; provided that “Employment Costs” shall not include any Severance Costs.
Employment Costs means costs and expenses described in Section 4.02(b)(i) and 4.02(d)(i).
Employment Costs means: all taxes, national insurance and other costs, compensation and benefits of any personnel of the Service Provider or any of its subcontractors, including salary, health, accident and workers' compensation benefits, pensions and contributions that an employer is required to pay with respect to the employment of such personnel;
Employment Costs means the Council Employee's salary, allowance and any benefits due to the Council Employee;
Employment Costs in respect of an employee the aggregate of his gross salary, the cost of any benefits to which he is contractually entitled and employer’s National Insurance Contributions payable in respect thereof;