Payroll Cost definition

Payroll Cost means the actual cost of any person employed by the Consultant or the Consultant's Sub- Consultants as a staff member, including principals employed as staff members, and includes an amount for salary, statutory holidays, vacations with pay, unemployment insurance premiums and worker's compensation contributions where applicable, pension plan contributions, sick time allowance, medical/dental insurance premiums, and such other employee benefits as may be approved by the Departmental Representative;
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Payroll Cost means the actual cost of any person employed by the Contractor or the Contractor's Sub- Contractors as a staff member, including principals employed as staff members, and includes an amount for salary, statutory holidays, vacations with pay, unemployment insurance premiums and worker's compensation contributions where applicable, pension plan contributions, sick time allowance, medical/dental insurance premiums, and such other employee benefits as may be approved by the
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Payroll Cost shall have the meaning assigned to such term in Section 5.03. ------------ "Per-Hour Fee" shall have the meaning assigned to such term in Section 5.10. ------------
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Examples of Payroll Cost in a sentence

  • Payroll Cost 60% Requirement (divide line 1 by 0.60): Forgiveness AmountLine 11.

  • Payroll Cost 60% Requirement (divide Line 1 by 0.60): Forgiveness AmountLine 8.

  • Payroll Cost 60% Requirement (divide line 1 by 0.60): Forgiveness AmountLine 15.

  • Construction Observation, if appropriate or required, will be calculated on a Payroll Cost times a multiplier.

  • Additional services will be calculated on a Payroll Cost times a multiplier or as appropriate or agreed upon.

  • Additional Services will be calculated on a Payroll Cost times a multiplier3.

  • Develop Direct Cost-The Payroll Cost BaseTotal annual salaries and benefits paid as well as contracted (vendor) payments are obtained initially from each LEA’s Payroll/Benefits and Accounts Payable system.

  • Construction Observation will be calculated on a Payroll Cost times a multiplier3.

  • Adjust the Payroll Cost BaseThe payroll cost base shall be reduced for amounts reimbursed by other funding sources (e.g. federal grants).

  • Under the Schemes, the Company is required to contribute a specified percentage of the Payroll Cost to fund the benefits.


More Definitions of Payroll Cost

Payroll Cost means the salary and/or wages of the employees of the Town engaged in performing services for the works plus associated employee benefits. Fringe benefits may be expressed as a percentage of the salary and/or wages and may include but not be limited to such benefits as statutory holidays, vacations with pay, sick time allowance, hospitalization, medical and other health insurance, group life and disability insurance, pension plans including the Canada Pension Plan, Workmen's Compensation and Unemployment Insurance where applicable.
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Payroll Cost means the actual cost of any person
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Related to Payroll Cost

  • Full cost means the cost of providing service plus a reasonable charge for administrative overhead;

  • Annual payroll means the total amount of wages subject to contributions during a twelve-month period ending with the last day of the second calendar quarter of any calendar year.

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

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Normal cost means the annual cost attributable, under the actuarial cost method in use, to current and future years as of a particular valuation date, excluding any payment in respect of an unfunded actuarial liability.

  • Payroll card means a record that evidences a

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

  • 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;

  • Disposable earnings means that part of the earnings of an

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

  • Payroll deduction means your premium is remitted to Aflac for you by your employer through a payroll deduction process or any other method agreed to by Aflac and the employer.

  • Payroll means total salaries and wages before deducting any personal or dependency exemptions.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

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

  • 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.

  • 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).

  • 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.

  • 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.

  • Ordinary time earnings means the salary, wage or other remuneration regularly received by the employee in respect of the time worked in ordinary hours and shall include shift work penalties, payments which are made for the purpose of District or Location Allowances or any other rate paid for all purposes of the award to which the employee is entitled for ordinary hours of work. Provided that "ordinary time earnings" shall not include any payment which is for vehicle allowances, fares or travelling time allowances (including payments made for travelling related to distant work), commission or bonus.

  • 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.

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

  • Water Year means the period commencing with October 1 of 1 year 20 and extending through September 30 of the next; and

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

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

  • Core Earnings means the net income (loss), computed in accordance with GAAP, excluding (i) non-cash equity compensation expense, (ii) the Incentive Compensation, (iii) acquisition fees, (iv) financing fees, (v) depreciation and amortization, (vi) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, and (vii) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between the Manager and the Independent Directors and approved by a majority of the Independent Directors.

  • 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.