Fully Loaded Costs definition
Fully Loaded Costs means all direct expenses and, with respect to time spent on a project by employees, an hourly rate which equals salary plus benefits plus fifty percent (50%) allocated overhead.
Fully Loaded Costs means all internal and external costs incurred by Berlex in the performance of the services described in Section 6.09(a) as determined by United States Generally Accepted Accounting Principles, applied on a consistent basis, which shall include without limitation the following costs: carrying costs of inventories, direct and indirect labor costs, material costs, and direct and indirect overhead. Fully Loaded Costs of Berlex also shall include all set up costs necessary for Berlex to perform the functions described in Section 6.09(a), regardless of depreciation schedules which may have been established to absorb such costs over a period of time longer than the period during which Berlex will be performing the described services for Alliance.
Fully Loaded Costs means (a) all documented, direct out of pocket costs and expenses that Vivint reasonably expects to incur under contracts with any Person existing within thirty (30) days of each Initial Purchase Order Anniversary (or that are certain to exist as of the Initial Purchase Order Anniversary) to procure a Product meeting the requirements of the Agreement for delivery to Vivint Solar as of the applicable Initial Purchase Order Anniversary, including (i) costs of cellular service allocable to such Product, (ii) any licensing fees allocable to such Product, (iii) hardware costs of such Product paid to 2GIG or another manufacturer of such Product, and (iv) any software costs allocable to such Product; plus (b) the net present value of the costs and expenses that Vivint reasonably estimates it will incur to perform the Services for the Services Period as allocable to a Product. “Fully Loaded Costs” shall not include (and the following shall not be chargeable to Vivint Solar in the Unit Price of Products) any of Vivint’s internal costs and expenses associated with performance of this Agreement and that may otherwise be customarily recouped through the price of goods sold, including, without limitation: (i) hourly rates that Vivint would customarily charge to other Persons (including Affiliates) for an employee’s time and labor; and (ii) overhead costs, and all other direct and indirect costs (except for those payable under clauses (a) or (b) above), including, without limitation: (A) property taxes and payroll taxes and insurance; (B) worker’s compensation insurance required by applicable Law; (C) costs of maintaining insurance policies; (D) vacation and sick leave; (E) home and branch office rents; (F) light, heat, water, local telephone and other utilities for home and branch offices; (G) procurement or use of office furniture and equipment (e.g., computers, software, copy machines, and other equipment) for home and branch offices; (H) all accounting and legal services; (I) salaries and wages of those that may be billed to a project but who are not performing work or services, including salaries and wages for executive officers, members of the board of directors, and costs of general management departments, including sales, public relations, human resources, guards, receptionists, mail room, and janitorial and maintenance employees; and (J) to the extent not covered in the foregoing, all employee benefit plans.
Examples of Fully Loaded Costs in a sentence
Parent agrees that, in addition to the SpinCo Employees who are in SpinCo Non-Overhead Roles, it will accept the transfer of SpinCo Employees in SG&A Roles who are identified and selected by the Company in accordance with the terms of this Agreement, who have accepted such transfer of employment and whose aggregate Fully Loaded Costs do not exceed the Adjusted SG&A Employee Cost Base.
The Company agrees that it shall ensure that, at the Closing Date, the annual Fully Loaded Costs of the SpinCo Employees who fill the SG&A Roles (i.e., all SpinCo Employees other than the SpinCo Employees in SpinCo Non-Overhead Roles (which shall, for the avoidance of doubt, be inclusive of any Potential Additional Roles and include at least one hundred percent (100%) of the Potential Additional Employees) do not exceed the Adjusted SG&A Employee Cost Base.
More Definitions of Fully Loaded Costs
Fully Loaded Costs means (a) direct costs (for example, cost of obtaining required hardware and software; cost of employees including, but, not limited to, benefits, salary, recruiting; cost of consultants; travel, meetings, training; any applicable taxes; and other direct cost categories included as permitted under this Agreement), and (b) administrative overhead of ***** % based on (a) direct costs. It is the intention of the Parties that the Fully-Loaded Costs and the Self-Sufficiency Costs include similar cost categories, regardless of whether the same categories are specifically referenced in Exhibits B or C or in the definition of Fully-Loaded Costs. For illustration purposes, attached hereto and incorporated herein as Exhibit C, is a list of categories comprising Nasdaq’s Fully Loaded Costs for its ISS and MDS Systems.
Fully Loaded Costs means an amount of one hundred fifty percent (150%) of the salary of each full-time employee, on an hourly basis, who provides the applicable Transition Service or Transition Assistance. In the event that the Default Fee is charged for any Omitted Service, PROVIDING PARTY shall have the right to terminate such service by providing thirty (30) days written notice of such termination.
Fully Loaded Costs shall have the meaning assigned to such term in the Financial Appendix.
Fully Loaded Costs means the Provider’s fully loaded costs of full-time employees incurred in connection with the provision of a Service, which shall be calculated as the sum of the percentage of time spent by full-time employees providing or supporting the Service, multiplied by the total compensation of a full-time employee (including hourly rate, bonus, long-term incentives and other related benefits, to the extent applicable), including individual overhead, but without markup or corporate overhead.
Fully Loaded Costs means (i) the Bandwidth Costs, the Hardware Costs, and the Hosting Costs, (ii) all internal personnel costs and direct overhead reasonably incurred by Napster in performing its obligations under Sections 3 and 4 hereof calculated in accordance with US GAAP rules applicable to transactions between members of a consolidated group in the reasonable discretion of Napster, (iii) portion of patent royalties and third party software costs required for operation of the Customized Service (iv) such other out-of-pocket costs reasonably incurred by Napster in performing its obligations under Sections 3 and 4 hereunder, all as fully documented by Napster to Company, [*], such additional percentage amount being equal to the minimum amount that may be reasonably required for tax and accounting purposes.
Fully Loaded Costs with respect to the activities of a Party, shall mean such Party's direct out-of-pocket costs and Allocable Overhead incurred due directly to such activities.
Fully Loaded Costs means (i) the Bandwidth Costs, the Hardware Costs, and the Hosting Costs, (ii) all internal personnel costs and direct overhead reasonably incurred by USCo in performing its obligations under Sections 3 and 4 hereof calculated in accordance with US GAAP rules applicable to transactions between members of a consolidated group in the reasonable discretion of USCo, (iii) portion of patent royalties and third party software costs required for operation of the Customized Service (iv) such other out-of- pocket costs reasonably incurred by USCo in performing its obligations under Sections 3 and 4 hereunder, all as fully