Material Uplift definition
Material Uplift or "Uplift" means the mark-up applied to material costs.
Material Uplift equals the "Material Uplift Rate" multiplied by "Material Cost." "Pre-Tax Profit" equals the "Pre-Tax Profit Rate" multiplied by the sum of "Material Cost" and "Material Uplift" and Labor.
Examples of Material Uplift in a sentence
At the expiration of this initial twelve-month period, "Material Uplift Rate" and "Pre-Tax Profit Rate" for the subsequent quarter shall be the rate specified in the following grid corresponding to the "Sales Level." "Sales Level" shall equal the total net amount billed to NETRIX for Product over the previous twelve-month period and shall be determined at the beginning of each quarter after the initial twelve-month period.
NETRIX Price equals Material Cost plus Material Uplift plus Labor plus Pre-Tax Profit.
For the first twelve months after the date of first Order placement following the effective date of this Agreement, "Material Uplift Rate" and "Pre-Tax Profit Rate" shall each be fixed at Eight Point Zero Percent (8.0%).