Benchmark Overhead Costs Sample Clauses

Benchmark Overhead Costs. Benchmark Overhead Costs include a reasonable allocation of all of the head office, general and administrative and overhead costs incurred by or on behalf of or on account of the Processor in respect of the operation of the Facility and includes: (a) salaries and wages, benefits, bonuses and customary allowances of executives, management and employees and individual contractors engaged at a head office, or who customarily perform their duties other than primarily at the site of the Facility, provided that amounts on account of stock options or shares issued to employees shall only be included: (i) if such amounts are related to a publicly traded entity, to the extent such amounts have been valued and accounted for in the same manner as such options or shares have been valued and accounted for by that entity generally; and (ii) if such amounts are not related to a publicly traded entity, to the extent the valuation of such stock options or shares, and the assumptions supporting such valuations, are reasonable, are consistent with generally accepted accounting principles, and the methodology of such valuation and such assumptions have been documented and approved by management of the Processor, the board of directors of the entity issuing the options or shares as well as its independent auditors and have been made available to APMC; (b) reasonably incurred costs and expenses associated with community and stakeholder relations; (c) subject to Section 6(b)(xii) of Schedule 10, Employment Related Taxes in connection with such employees; (d) costs of recruitment and training of such employees and contractors; (e) rent, utilities, and the costs of maintaining, equipping and operating the head office; (f) IT and communication costs and the costs of general supplies at the head office; (g) director and officer liability insurance; (h) the costs of equipment and facilities located at the head office, whether owned or leased; (i) all other costs and expenses incurred by the operator of the Facility of a similar nature; but does not include any Flow-Through Operating Costs. Such reasonable allocation of the above costs shall have regard for the other business and interests undertaken by the entity incurring particular costs, such that a fair and appropriate portion of such costs are allocated among the Benchmark Overhead Costs and the other business interests of such entity, and shall otherwise be determined in a manner consistent with the allocation of an operator's ...