Determination of Costs. 1. The costs to be shared among the Parties shall be the full costs to the United Kingdom of employing fully or in part the facilities and personnel listed in Annex II to this Agreement for the purpose of providing, operating and maintaining the SADIS, including depreciation of assets and cost of capital and an appropriate amount for administration.
2. The United Kingdom shall furnish the SCRAG through the Secretary General, on or before 15 September of each year, estimates, expressed in pounds sterling or any successor currency that may become legal tender in the United Kingdom, of the costs of the SADIS for the following calendar year for approval by the Group. The estimates shall be drawn up in accordance with Xxxxx XXX to this Agreement.
3. The United Kingdom shall furnish to the SCRAG on or before 30 June of each year, a statement of the actual costs of the SADIS, expressed in pounds sterling or any successor currency that may become legal tender in the United Kingdom, for the previous calendar year.
4. Pursuant to Article VII, paragraph 1 b), the SCRAG shall subject such statements of actual costs of the SADIS to such audit and other examination as the Group deems appropriate and shall furnish to the Parties a report of the audit or examination.
Determination of Costs. All payments and adjustments of Schedule 14 (Payment Schedule) on account of Change Orders under Sections 7.1 or 7.2 or by the operation of Section 7.4(d) shall be calculated in accordance with the provisions of Schedule 1 (Change Orders).
Determination of Costs. DFCM is relying on the expertise of Consultant in preparing the refined scope of work in order to assure that the inspection activities are defined and performed at a level necessary to fulfill all safety and contract documents compliance issues. Both parties shall cooperate in good faith to sequence inspections in order to reduce costs while assuring proper performance. Payments shall be determined as follows:
3.5.1 Number of inspection hours multiplied by the hourly rate in Exhibit A.
3.5.2 Number of trips multiplied by the trip expense for the project identified in Exhibit A. Trip expense shall include time and transportation to and from the job site. All billable trips must be requested in advance by the Contractor’s superintendent or DFCM’s Building Official (hereinafter “Building Official”).
Determination of Costs. Compensation for Time and Materials Change Orders shall be in accordance with this Article 14.13 and other limitations and processes set forth in Article 14, provided that Article 14.9.2 shall not apply. The xxxx-ups specified in this Article 14.13 include compensation for all delay costs, overhead costs and profit associated with the Time and Materials Change Order. Payment under this section for owner- operated labor and equipment is made at the market-priced invoice submitted by Contractor.
Determination of Costs. (a) The Parties agree that allocation reviews with respect to determining the costs of providing the Services shall be performed as frequently as necessary, but at least annually (each such review, an “Allocation Review”), according to procedures to be mutually agreed upon by the Parties. The results of the Allocation Review will be applied on a forward-looking basis, subject to periodic adjustment pursuant to Section 4.2(b), to the determination of costs of providing the Services hereunder.
(b) The Parties will reasonably cooperate to make adjustments to previously determined allocations if material and they will be reflected in the next Quarterly Reimbursement.
Determination of Costs. The following principles shall apply in the determination of Development Costs:
(a) Development Costs shall be determined in accordance with expenses recognized under US GAAP as applied by Masimo US for financial reporting purposes; provided, however, that (i) such costs shall not include any depreciation or amortization incurred or any US GAAP expense for stock-based compensation, and (ii) such costs shall include a reasonable rental charge for each item of tangible personal property used in connection with the Development Program.
(b) Development Costs shall include direct costs of the relevant activities, and an allocable share of administrative or overhead costs. Where any indirect costs or direct costs benefit both Aggregate Allocable Development Costs and Specific Development Costs, an allocation shall be made using methods that are mutually agreed to be consistent, reasonable and in keeping with sound accounting practices.
(c) The stock-based compensation portion of Development Costs shall be calculated in a manner consistent with U.S. Treasury Regulation Section 1.482-7(d)(2)(iii)(B) and equal the amount allowable as a deduction for U.S. Federal income tax purposes.
(d) In the event that a Party acquires any intangible property relating to the Development Program from a Third Party by means of a purchase, license, merger, acquisition, or similar transaction, that intangible property, or any portion thereof, may be added to the Development Program and made available to the cost sharing arrangement only upon the Parties entering into a definitive agreement to include any or all of such intangible property to the Development Program.
Determination of Costs and Revenues Separate accounts will be maintained for each Sole Risk Venture. All costs, including allocable costs, of and revenue related to Sole Risk Ventures will be excluded from the costs of and revenues derived from Enterprise Operations.
Determination of Costs. Public Unit is relying on the expertise of Consultant in preparing the refined scope of work in order to assure that the assessment activities are defined and performed at a level necessary to fulfill requirements of the Public Unit. Consultant's costs may include reimbursement for lodging and meals which are related to requested assessments that are greater than 100 miles of travel from the Consultant’s office or require overnight stay. Consultant's costs may include a management fee for overseeing the work of Sub-Consultants. The fee for such work shall not exceed 10% of the Sub-Consultant's fee for said services.
Determination of Costs. As compensation for the Services provided by Recovery hereunder, the Companies, as applicable, shall, on a monthly basis, reimburse Recovery for costs associated with the services in the following manner:
(i) Recovery shall be reimbursed in an amount equal to all actual expenses of any nature or kind, as they may change from time to time, related to the provision of services hereunder, which shall include, but not be limited to, an amount equivalent to the compensation paid whether the personnel (employee or independent contractor) are paid on an hourly rate, paid a salary or a lump-sum, any bonuses (except as to any amount that Recovery may already be paying the cost of as of the date of this Agreement), the cost of all benefits that may be provided including the employer’s portion of the premiums for medical insurance, vision insurance, dental insurance, life insurance, long or short-term disability programs and insurance, the costs of other health and welfare benefits that may be provided, employer contributions to qualified and non-qualified retirement and other similar plans, the employer’s share of any federal, state or local taxes, vacation pay, severance compensation, expense reimbursement, administrative costs associated with any of the foregoing, and any other expense or cost of providing staffing and personnel services (collectively “Personnel Costs”); and
(ii) except as provided in subparagraph 4(b) below herein, Recovery shall be reimbursed for 100% of all out-of-pocket expenses that are incurred by Recovery directly or indirectly in connection with providing staffing and services hereunder but which are not included as part of Personnel Costs (the “Direct Expenses”). If and to the extent Recovery contracts with a third party for the provision of any services hereunder, the Companies, as applicable, shall reimburse Recovery for the reasonable amounts charged to Recovery by such third party. The Personnel Costs and Direct Expenses are hereinafter collectively referred to as the “Cost of Services.” The Cost of Services billed by Recovery and paid by the Companies shall be actual costs without xxxx-up or profit margin.
Determination of Costs. (a) The costs attributed to, and payable by, each Party hereunder will be the applicable portion of the actual costs and expenses incurred by the other Party in connection with the operation and maintenance of the other Party's Aircraft without any addition or profit or other xxxx-up (collectively, "Costs") therefore resulting in an effective "pass-through" of Costs to the Party to which Costs are attributable.
(b) Each Party acknowledges and agrees that each operation department/cost center within each Party shall be directly charged a standard, pre-determined hourly rate for each hour of Aircraft use by such department's/cost center's employees. In addition, the residual amount of Aircraft costs in excess of the aggregate amounts charged to the individual departments/cost centers in connection with each Aircraft usage shall be allocated and shared pursuant hereto. With respect to any FNF Aircraft, this residual amount shall be allocated on the basis of the aggregate monthly percentage of each Aircraft's use by (i) FIS and its subsidiaries (or designees), in relation to the aggregate monthly Aircraft use by all persons using that FNF
