FULLY BURDENED definition

FULLY BURDENED. COSTS" of IMGIS Personnel in the provision of Services hereunder means, for each IMGIS Personnel providing any Services to AOL, an amount equal to the sum of the following: (i) If such Personnel is an employee of IMGIS, the wages and benefits payable by IMGIS to such employee multiplied by the percentage of time spent by such employee in the provision of such Services to AOL relative to the total amount of time spent by such employee in his or her employment with IMGIS, as measured on a daily basis and charged on an hourly basis, which amount shall in no event exceed $100 per hour, or (ii) if such Personnel is an independent contractor of IMGIS, the fees (excluding out-of-pocket expenses paid to such contractor) payable to such contractor by IMGIS multiplied by the percentage of time spent by such contractor in the provision of such Services to AOL relative to the total amount of time spent by such contractor in the provision of services to IMGIS, as measured on a daily basis and charged on an hourly basis, which amount shall in no event exceed $100 per hour; plus (b) IMGIS' direct out-of-pocket costs in the provision by such Personnel of such Services to AOL but only to the extent that AOL is not otherwise obligated hereunder to provide reimbursement to IMGIS for such direct costs; plus (c) An amount (representing a reasonable allocation of overhead expenses) equal to ten percent (10%) of the direct out-of-pocket costs provided for in subpart (b) above. Out-of-pocket costs and expenses, for purposes of this definition, means travel, lodging and other non-compensatory costs or expenses. The $100 per hour maximum amount referred to in subparts (a)(i) and (a)(ii) above shall be adjusted by mutual agreement of the Parties three years following the date hereof to reflect any applicable increase or decrease in the cost of living.
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FULLY BURDENED means direct cost plus any applicable burdens (i.e., Overhead, Fringe, General and Administrative, Cost of Money, etc.), including profit/fee.
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Examples of FULLY BURDENED in a sentence

  • FULLY BURDENED MANUFACTURING COST - (FBMC) - Shall mean GENENTECH's fully burdened manufacturing costs of Bulk Product, semi-finished, or Finished Product, as the case may be, shipped for clinical or commercial use and determined in accordance with generally accepted accounting principles as applied by GENENTECH.

  • A separate ATTACHMENT A – FULLY BURDENED RATE SCHEDULE shall be submitted for each Service.

  • For work performed under this Agreement by XOMA staff (including technical development, manufacturing, operations, quality control, quality assurance, regulatory affairs, and other appropriate staff) during the Development Phase, through the completion of the first registration Batch pursuant to Section 4.2(a) but not beyond, and for any technology transfer work pursuant to Section 7.1(a), Onyx shall pay [ * ] of XOMA's fully burdened staffing costs, [ * ] (collectively, "FULLY BURDENED STAFFING COSTS").

  • BLA PREPARATION COSTS shall mean those FULLY BURDENED COSTS actually incurred by IDEC in preparing, submitting, reviewing, or developing data or information for the purpose of filing of any Biologics License Application (BLA) directed to the use of PRODUCT in the FIELD including, without limitation, FULLY BURDENED COSTS incurred in the preparation of the Integrated Summaries and in the conduct of the Functional Activities set forth in Appendix F.

  • A separate ATTACHMENT A – FULLY BURDENED RATE SCHEDULE shall be submitted for each Proposed Service and clearly identified.

  • CONTRACTOR shall complete and submit ATTACHMENT A – FULLY BURDENED RATE SCHEDULE and shall include a List of personnel or personnel categories to be utilized and their corresponding fully burdened hourly rates (i.e., incorporating all directs costs, indirect costs, overhead, profits, expenses, and other fees).

  • In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 13.2 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Borrower, its directors, shareholders or creditors or an Indemnified Party or any other Person or any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated.

  • Proposals shall include SHIP REPAIR LABOR RATES (FULLY BURDENED) for the listed labor categories.

  • CONTRACTORS must indicate which service areas they are proposing to provide to the County and submit to the County a separate ATTACHMENT A – FULLY BURDENED RATE SCHEDULE for each service.