Fringe Benefits (2 CFR 200 Sample Clauses

Fringe Benefits (2 CFR 200. 431) Fringe benefits should be based on actual known costs or an established formula. Fringe benefits are for the personnel listed in category (1) direct salaries and wages, and only for the percentage of time devoted to the project. Provide the fringe benefit rate used and a clear description of how the computation of fringe benefits was done. Provide both the annual (for multiyear awards) and total. If a fringe benefit rate is not used, show how the fringe benefits were computed for each position. The budget justification should be reflected in the budget description. Elements that comprise fringe benefits should be indicated. Name Position(s) Base Rate (%) Fringe Benefit Cost Xxxxxx Xxx Xxxxxxx Xxxxxxxxxx Transit Manager Transit Planning & Grants Coor 110000.00 64000.00 37.70 38.29% $41,470.00 $24,505.00 State Total $65,975.00 Xxxxxxx Xxxxxxxxxx Xxxxxx Xxx Transit Planning & Grants Coor Transit Manager 64000.00 110000.00 20.62 20.30% $13,195.00 $22,330.00 Non-State Total $35,525.00 Total Fringe Benefits $101,500.00 Fringe Benefits Narrative (State):Fringe benefit costs are based on each full-time transit position salary.All costs below are split between the DOAP grant (65%),and Northern Illinois University contribution funding (35%). FICA Medicare IMRF Workers Comp Life Insurance Health Insurance (based upon staff persons health insurance option chosen) The Transit Manager's overall fringe benefit rate is 58.00% of the salary of $110,000.00. The split above shows the amount of DOAP funds (37.70%) and the non-state match funds (20.30%) for the overall fringe benefit for the Transit Manager position. The Transit Planning & Grants Coordinator's overall fringe benefit rate is 58.91% of the salary of $64,000.00. The split above shows the amount of DOAP funds (38.29%) and the non-state match funds (20.62%) for the overall fringe benefit for the Transit Planning & Grants Coordinator position. *Fringe Benefits are a combination of State and Non-State portions.*
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Related to Fringe Benefits (2 CFR 200

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Program Benefits Under the Probation Status, the Participating Contractor will be eligible for all contractor incentives, its customers will have access to financing offered through the Program, and income- eligible households will be eligible to receive Program incentives.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Sick Benefits 15.01 Eligible employees will receive Short Term Disability Benefits in accordance with the terms and conditions outlined in the STD Plan Text, a copy of which has been supplied to the Union. The STD plan forms part of this Collective Agreement.

  • Workplace Safety Insurance Benefits (WSIB) Top Up Benefits If the employee is in a class of employees that, on August 31, 2012, was entitled to use unused sick leave credits for the purpose of topping up benefits received under the Workplace Safety and Insurance Act, 1997;

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

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