Payroll Costs means the salaries payable to employees of the Manager performing the Work at the Site.
Payroll Costs means the salaries and wages paid to all personnel engaged directly on the work plus the cost of customary and statutory benefits including social security contributions, unemployment, health, sick leave, vacation, workman's compensation, incentive and holiday pay applicable thereto.
Payroll Costs means all direct employee costs consisting of wages, employer contributions for taxes, workers' compensation insurance premiums, unemployment taxes, statutory disability, group life insurance and other similar employee benefits, provided, that the aggregate payroll taxes and all employee benefits (including medical insurance) of employees utilized during the Sale shall not exceed in any event fourteen and one-half (14-1/2%) of the applicable gross wages of such employees, and provided, further, that "Payroll Costs" shall exclude severance pay (or any other termination payment), pension or similar benefits, sick pay, holiday pay, vacation pay and retention bonuses.
Examples of Payroll Costs in a sentence
Payroll Costs (enter the amount from PPP Schedule A, line 10): Line 2.
Cont Act (FICA) Sub-Total-Related Payroll Costs SUPPLIES/EQUIPMENT/PROFIT % of PayrollAnnual CostEquipment Materials/Supplies Profit Sub-Total Supplies/Equipment Profit TOTAL COST ESTIMATE IFB NO.
Confirm that the borrower made the calculation on Line 14 of the SBA Form 3508 or lender’s equivalent form correctly, by dividing the borrower’s Eligible Payroll Costs claimed on Line 1 by 0.60.
Other items that are exempt from income taxation, such as group health plan premiums and pre-tax elective deferrals to retirement plans, are included in Payroll Costs.
Payroll Costs: Administrative Functions (OT or increase in hours if part-time) (6310) 4.
More Definitions of Payroll Costs
Payroll Costs means (aa) the sum of payments of any compensation with respect to employees that is a (AA) salary, wage, commission, or similar compensation; (BB) payment of cash tip or equivalent; (CC) payment for vacation, parental, family, medical, or sick leave; (DD) allowance for dismissal or separation; (EE) payment required for the provisions of group health care benefits, including insurance premiums; (FF) payment of any retirement benefit; or (GG) payment of State or local tax assessed on the compensation of employees; and (bb) the sum of payments of any compensation to or income of a sole proprietor or independent contractor that is a wage, commission, income, net earnings from self-employment, or similar compensation and that is in an amount that is not more than $100,000 in 1 year, as prorated for the Covered Period; and (II) shall not include (aa) the compensation of an individual employee in excess of an annual salary of $100,000, as prorated for the Covered Period; (bb) taxes imposed or withheld under chapters 21, 22, or 24 of the Internal Revenue Code of 1986 during the Covered Period; (cc) any compensation of an employee whose principal place of residence is outside of the United States; (dd) qualified sick leave wages for which a credit is allowed under section 7001 of the Families First Coronavirus Response Act (Public Law 116–127); or (ee) qualified family leave wages for which a credit is allowed under section 7003 of the Families First Coronavirus Response Act (Public Law 116–127).
Payroll Costs means Direct Payroll Costs, Indirect Payroll Costs, Out-of-Pocket Expenses and any other fees and expenses reasonably allocable to the services provided by the Leased Employees to the G International Entities. For any Leased Employee, the Payroll Costs may consist of a portion of Direct Payroll Costs, Indirect Payroll Costs and Out-of-Pocket Expenses associated with such Leased Employee as reasonably determined by GXS in good faith to reflect an equitable sharing of the costs associated with such Leased Employee based on the facts and circumstances, including, without limitation, the time spent by the Leased Employee on matters relating to the business of the G International Entities.
Payroll Costs means Direct Payroll Costs, Out-of-Pocket Expenses and any other fees and expenses reasonably allocated to the services provided by the Leased Employees to the Recipient.
Payroll Costs has the meaning set forth in Section 5.1.7.
Payroll Costs means with respect to the Leased Employees, GHI’s actual payroll costs and expenses in respect of services performed by the Leased Employees during the Leasing Period and employee benefit costs and expenses incurred by GHI with respect to the Leased Employees during the Leasing Period or for claims that relate to events that occur during the Leasing Period, including but not limited to salary, wages, incentive compensation, commissions, vacation and holiday pay; pay equity adjustments; sick pay or leave; workplace safety and insurance, or assessments; income and employment tax withholdings and contributions, including the employer’s share of such amounts; employer health costs, expenses, or premiums; contributions to, benefits accrued under, or claims paid under or in connection with any Employee Benefit Plans, employee benefit plans sponsored or maintained by GHI or its Affiliates (including but not limited to any plans covered by Section 3(3) of ERISA and other pension, retirement or profit sharing plans); costs of any perquisites provided to such employees; travel reimbursement; car allowances and company vehicle licensing or other vehicle-related expenses; and all taxes paid by GHI in respect of any of the foregoing, net of any contributions by Leased Employees towards the cost of employee benefits (to the extent reflected in the amounts above) and any insurance proceeds (e.g., stop-loss coverage) received by GHI with respect to claims made under Employee Benefit Plans that relate to events that occur during the Leasing Period.
Payroll Costs means all amounts payable to the Transferred Employees in the form of salary or wages, including bonuses, incentive compensation, vacation pay and all amounts required to be withheld from such amounts on account of income tax, statutory withholdings and contributions to Benefit Plans and Statutory Plans;