Payroll Burden Cost definition

Payroll Burden Cost means actual costs paid by the employer for statutory charges and benefit costs additional to Direct Labour Cost. It includes the employer’s contributions to Canada Pension Plan, Employment Insurance, Workers' Compensation Board, vacation pay, statutory holiday pay, health and wellness plan, and pension plan. It also includes the actual employer paid incentives for expendable and non-expendable small tools with a value of less than $500.00, safety and protective equipment, education and training, and other payroll costs which are hourly wage dependent.
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Payroll Burden Cost means the statutory charges and benefits costs additional to Direct Labour Cost and the payments made to or on behalf of the employees for holiday pay, Workers’ Compensation Board assessments, Employment Insurance and Canada Pension Plan payments;
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Payroll Burden Cost means costs statutory charges and fringe benefit costs additional to direct labour cost and includes unemployment insurance, workers' compensation, vacation pay, statutory holiday pay, health and welfare, pension plan, training fund, and other payroll costs which are hourly wage dependent and are paid by the employer.
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Examples of Payroll Burden Cost in a sentence

  • Labour rates for trades employed by Contractor: Name of Trade Trade Classification Direct Labour Cost ($/hour) Payroll Burden Cost ($/hour) Total Labour Cost ($/hour) We hereby declare that the above stated labour rates are, to the best of our knowledge, the rates that will actually be paid in the normal performance of the Work, during regular working hours, and do not include any overhead cost or profit.


More Definitions of Payroll Burden Cost

Payroll Burden Cost means actual costs paid by the employer for statutory charges and benefit costs additional to Direct Labour Cost. It includes the employer’s contributions to Canada Pension Plan, Employment Insurance, Workers' Compensation Board, vacation pay, statutory holiday pay, health and wellness plan, and pension plan. It also includes the actual employer paid incentives for expendable and non- expendable small tools with a value of less than $500.00, safety and protective equipment, education and training, and other payroll costs which are hourly wage dependent. .8 “Schedule Impact Cost” means Contractor's, Subcontractors' and Sub-subcontractors' costs related to an increase in the Contract Time where the change has an impact on the Project’s critical path. .9 "Temporary Work Cost" means cost of temporary structures, facilities, services, controls, and other temporary items used in the performance of a Change in the Work, including maintenance, dismantling and removal, less any residual value after dismantling and removal. .10 "Total Labour Cost" means sum of Direct Labour Cost and Payroll Burden Cost. .11 "Travel and Subsistence Cost" means travel and subsistence costs incurred by employees when working beyond a reasonable commuting distance from their normal place of residence. 3.
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Related to Payroll Burden Cost

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Restoration Cost has the meaning set forth in Section 5.06.

  • Transportation Costs means costs of travel as a fare paying passenger in any Common Carrier Conveyance other than a taxicab.

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Transportation Expense means the cost of Medically Necessary conveyance, personnel, and services or supplies.

  • Administrative cost means a fee imposed to cover:

  • 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.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Maximum allowable cost list means a list of drugs for

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • 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.

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

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.