DPE/DPEM/Actual DPEM Sample Clauses

DPE/DPEM/Actual DPEM. The term DPE shall mean the direct personnel expense representing SUPPLIER]s portion of the cost of mandatory and customary contributions and benefits related to the salaries of SUPPLIER’s employees directly engaged in the performance of the SERVICES. DPE shall include employment taxes (such as FICA/Medicare Tax, Federal/Unemployment Tax (FUTA), and State Unemployment Tax (SUTA), and other statutory employee benefits including worker’s compensation insurance (net of premium discounts, dividends or rebates), group insurance (including health, dental, life and AD&D insurance net of employee contributions), sick pay, holidays, vacation actually earned and accrued, excused absences, employer contributions to employee savings plan, and pension and profit sharing costs (nondiscretionary, requiring equal distribution of benefits). DPE specifically excludes all charges for severance pay, tuition reimbursement, employee training, employee morale programs, employee bonuses, EXECUTIVE bonuses, and general liability, auto liability and professional liability insurance. The term DPEM shall mean the multiplier by which MERCK pays SUPPLIER for DPE. The term ACTUAL DPEM shall mean the actual DPE calculated as a percent of the sum of the actual costs of the components of DPE, as set forth above, divided by total payroll net of sick pay, holidays (or other compensated time off), and actual vacation earned and accrued, for the monthly invoicing period.
Sample 1
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Related to DPE/DPEM/Actual DPEM

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