Employee Costs definition

Employee Costs shall have the meaning specified in the Schedules attached hereto.
Employee Costs means the salaries, wages, health insurance benefits, FICA, payroll taxes, workers compensation insurance premiums, and similar costs payable by BioTime to or on account of its employees and contractors who perform Services for AgeX under this Agreement during an applicable billing period, but excluding stock option, stock purchase, and similar equity participation plans. Equipment Costs means all costs and expenses incurred by BioTime in acquiring, leasing, installing, maintaining, insuring, repairing, and disposing of any laboratory, production, and office equipment, fixtures, and furnishings used by AgeX or used by BioTime in the performance of Services. Insurance Costs means all insurance premiums of any kind incurred or paid by BioTime for casualty insurance policies that insure BioTime and its subsidiaries, including AgeX, from the loss of or damage to the Premises, equipment, fixtures goods, supplies, and other personal property of BioTime (except to the extent such premiums are included in Lease Costs) that may be used by AgeX or by BioTime in the performance of Services, and liability coverage policies that insure BioTime and its subsidiaries, including AgeX, from liability of any kind to third parties (except to the extent such premiums are included in Lease Costs). Lease Costs means all of BioTime’s costs and expenses of leasing the Premises, including all base rent, taxes, common area or other expenses, insurance and other costs payable by BioTime to the lessor of the Premises under the lease of the Premises, but excluding (a) any repairs not required to be effected or paid for by AgeX under any other provision of this Agreement, and (b) any alterations or improvements effected by BioTime for the exclusive use of BioTime and its subsidiaries other than AgeX. Professional Costs means all costs and expenses incurred by BioTime for the services of independent accountants, attorneys, and other consultants who provide professional or consulting services for the benefit of AgeX. Software Costs means all costs and expenses, including but not limited to license fees, incurred by BioTime to acquire and use any computer software or program of any kind that is used by AgeX or by BioTime in the performance of Services. Supply Costs means all costs and expenses incurred by BioTime for the purchase and disposal of goods and materials of any kind, to the extent used in the performance of Services or used by AgeX employees or contractors. Utilities Costs means...
Employee Costs means the FTE costs incurred by the Seller’s Group in connection with the employment of the Delayed Employees of the relevant Delayed Business by the Seller’s Group, as provided in paragraph 11.3 of Schedule 7, other than to the extent that such costs are incorporated in Cost of Goods Sold in the relevant period;

Examples of Employee Costs in a sentence

  • Employee Costs shall be the County’s actual costs of providing employees who provide work or services under this Agreement, including their hourly rates of pay (or pro rata portion of salary), fringe benefits, overtime (if applicable), and indirect costs such as overhead.

  • Employee Costs & BenefitsSalaries and wages shall be charged against the periods to which they relate and if necessary estimated accruals made using previous pay periods as a basis.

  • Direct Employee Costs As a technology company, CMG’s largest area of expenditure is its people.

  • The forecast increase in accounting surplus of $3.01 million was mainly due to $2.45 million increase in non-cash developer gifted assets along with savings in Employee Costs and Materials and Services.

  • A presumption exists that inactive status is a temporary status; universities review inactive programs periodically to determine the feasibility of reactivating or terminating the program.


More Definitions of Employee Costs

Employee Costs means any accrued and unpaid payroll expenses through the Closing Date and health and medical expenses that have been incurred but not paid as of the Closing Date, in each case solely with respect to Transferred Employees.
Employee Costs means with respect to the provision of the applicable Service by any employee, the product of (i) the hours attributable to the Service, (ii) such employee’s Hourly Rate and (iii) the Intercompany Charge-Out Rate applicable to such employee.
Employee Costs. As defined in Section 15.1.
Employee Costs has the meaning given to it in clause 6.3.7;
Employee Costs means the direct out-of-pocket costs or reasonable allocated costs of NCM Inc. (i) for gross wages, salaries, bonuses, incentive compensation, equity compensation and payroll taxes of the Service Employees, plus (ii) for workers’ compensation insurance incurred by NCM Inc. with respect to the Service Employees, plus (iii) for employee benefit plans attributable to any Service Employees, including pension, savings, medical, dental, vision, disability and life insurance, plus (iv) for other benefits directly attributable to the Service Employees, including fringe benefits, or other similar incentive programs, executive programs, severance pay, employee assistance programs, cafeteria plan benefits, dependent care and health care flexible spending accounts, sick leave, legal assistance, and educational assistance, plus (v) related to the employee benefit plans or programs, including incremental costs of charges or premiums, employee participation, actuarial reports, accounting, or legal fees.
Employee Costs means: (a) any right to a redundancy payment (whether contractual or otherwise), notice pay (including benefits) or payment in lieu of notice (including benefits), and any accrued but untaken holiday entitlements due to any Transferring Employees which are required by Law or by contract to be made to such Transferring Employees and which arise as a result of their dismissal under this Agreement where lawful notice is given within five (5) Working Days of the end of the Offer Period; and (b) any basic award and/or compensation awarded to any Transferring Employee in respect of any unfair dismissal claim arising out of or in relation to the dismissal of any Transferring Employee in the circumstances described (provided that notice of termination is given within five (5) Working Days of the end of the Offer Period), and any claim arising from a failure by a Party to comply with its obligations to inform and consult or procure the election of representatives under TUPE; Employee Liability Information means the employee liability information to be provided pursuant to Regulation 11 of TUPE; LGPS means the Local Government Pension Scheme established pursuant to regulations made by the Secretary of State in exercise of powers under sections 7 and 12 of the Superannuation Xxx 0000 LGPS Regulations means the Local Government Pension Scheme Regulations 2013 (SI 2013/2356), as amended;