Non-Payroll Costs definition

Non-Payroll Costs means payments of interest on a “covered mortgage obligation”, payments on a “covered rent obligation”, and “covered utility payment” as such terms are used in Section 1106(a) of the CARES Act and any SBA rules, regulations, guidelines, and interpretations thereof or related thereto.
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Examples of Non-Payroll Costs in a sentence

  • Please be sure all of your PPP funds were used within this covered period.▪ Non-Payroll Costs: If you are submitting a 3508-EZ or a 3508 forgiveness application, there will be fields that ask what your non-payroll costs were.

  • You may use up to 40% of your loan for Non-Payroll Costs; if more than 40% is used for Non-Payroll Costs, your requested forgiveness amount will be reduced.

  • First, you will determine your total Payroll Costs and Non-Payroll Costs for your Covered Period.

  • Non-Payroll Costs Non-payroll costs are defined as expenditures other than salaries and benefits.

  • For purposes of determining forgivable Non-Payroll Costs, SBA will consider entities with any ownership in common to be related parties.o Business utility payments for a service for the distribution of electricity, gas, water, transportation, telephone, and internet access.▪ A “service for the distribution of transportation” refers to transportation utility fees (sometimes known as street maintenance fees or road user fees) assessed by state and local governments.

  • To be fully forgivable, at least 60% of your loan must be used for Payroll Costs and any remainder must be used for Non-Payroll Costs.

  • I.B.8 Are prepayments of Non-Payroll Costs forgivable?Prepayment of a Non-Payroll Cost (payment of a Non-Payroll Cost not yet incurred, in advance of the regularly scheduled due date) is not eligible for forgiveness.

  • Estimated Non-Payroll Expenditures during Development and Construction of the Facility Cost (2021$)Equipment and Materials (EPC Costs), excluding site preparation$ Site Preparation$ Generator Step-up (GSU) Substation$ Interconnecting (Gen-Tie) Lines$ Modules$ Total Non-Payroll Costs$ > END CONFIDENTIAL INFORMATION As detailed above, Applicant-provided non-payroll cost estimates are roughly BEGIN CONFIDENTIAL INFORMATION <$ million>END CONFIDENTIAL INFORMATION.

  • If your Payroll Costs and Non-Payroll Costs during your 24-week Covered Period total $50,000, you would reduce that amount by $2,400 ($100 x 24 weeks), for total eligible forgivable costs of $47,600.

  • If you did not have sufficient Payroll Costs during your Covered Period, up to 40% of your forgiveness request may include eligible Non-Payroll Costs.• Tip: If you have a Required Reduction, choosing a longer Covered Period will allow you to include more eligible Payroll Costs and Non-Payroll Costs.

Related to Non-Payroll Costs

  • Payroll Taxes means State Unemployment Insurance (“SUI”), Federal Unemployment Insurance (“FUI”) and payments pursuant to the Federal Insurance Contributions Act (“FICA”).

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Non-Cash Compensation Expense means any non-cash expenses and costs that result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Unallowable Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Termination Costs The costs and expenses related to the termination of any Servicer, the appointment of a successor servicer or the transfer and assumption of servicing with respect to the related Servicing Agreement, including, without limitation, the items set forth in Section 3.03(c).

  • Company Reimbursable Costs means the actual costs and expenses incurred by Company and/or its Affiliates in connection with performance of the Company Work or otherwise incurred by Company and/or its Affiliates in connection with this Agreement, and including, without limitation, any such costs that may have been incurred by Company and/or its Affiliates in connection with the Company Work or this Agreement prior to the Effective Date. These Company Reimbursable Costs shall include, without limitation, the actual expenses for labor (including, without limitation, internal labor), services, materials, subcontracts, equipment or other expenses incurred in the execution of the Company Work, all applicable overhead, overtime costs, all federal, state and local taxes incurred (including, without limitation, all taxes arising from amounts paid to Company that are deemed to be contributions in aid of construction), all costs of outside experts, consultants, counsel and contractors, all other third-party fees and costs, and all costs of obtaining any required permits, rights, consents, releases, approvals, or authorizations acquired by or on behalf of Company, including, without limitation, the Required Approvals.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Eligible Expenses means expenses incurred for Medical Services rendered with respect to a Disability.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Prime costs and “Prime cost sum” means the amount actually paid by the contractor for any article, commodity or special work and shall include all proper charges for packing, carriage and delivery to site, after deduction of all trade documents, rebates and allowances and the discount obtainable for cash insofar as such discount for cash exceeds 2½%.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Direct Costs means the sum of the following:

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Reimbursable Expenses means, for any Shared-Loss Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures), paid to third parties (other than Affiliates of the Assuming Institution) by or on behalf of the Assuming Institution, as limited by Sections 3.2(c) and (d) of Article III of this Commercial Shared-Loss Agreement, to:

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Distribution Expenses means the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.