Common use of ALLOWANCE FOR OVERHEAD Clause in Contracts

ALLOWANCE FOR OVERHEAD. 3.1 In determining the cost for services rendered by the Service Company to Aqua as herein provided, there shall be added to the base pay rate of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the overhead of Service Company, as defined below, allocable to each such officer or employee. The overhead shall be calculated each year and shall be based on the ratio of the total overhead of the Service Company for the year to the total salaries of the Service Company officers and employees for whose services charges are to be made to the Subsidiaries, including Aqua. No general overhead or other markups by the Service Company shall be added to costs incurred for services of consultants or other third parties employed by Service Company. 3.2 The term “overhead” shall include, but not be limited to: (a) building costs, lease costs, utilities, and other costs associated with office space and equipment, and (b) taxes other than payroll taxes.

ALLOWANCE FOR OVERHEAD. 3.1 In determining the cost for services rendered by the Service Company to Aqua Services as herein provided, there shall be added to the base pay rate of all officers and employees for whose services charges are to be made, a percentage sufficient to cover the overhead of Service Company, as defined below, allocable to each such officer or employee. The overhead shall be calculated each year and shall be based on the ratio of the total overhead of the Service Company for the year to the total salaries of the Service Company officers and employees for whose services charges are to be made to the Subsidiaries, including AquaAqua Services. No general overhead or other markups by the Service Company shall be added to costs incurred for services of consultants or other third parties employed by Service Company. 3.2 The term “overhead” shall include, but not be limited to: (a) 3.2.1 building costs, lease costs, utilities, and other costs associated with office space and equipment, ; and (b) 3.2.2 taxes other than payroll taxes.