Gross Earnings Clause Samples
The Gross Earnings clause defines how the total income generated from a business or property is calculated before any deductions are made. In practice, this clause outlines which sources of revenue are included—such as sales, services, or rental income—and clarifies that expenses like taxes, costs of goods sold, or operating costs are not subtracted. Its core function is to establish a clear and consistent basis for financial calculations, often used in insurance or financial agreements to determine compensation or coverage limits, thereby reducing ambiguity and potential disputes over income assessment.
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Gross Earnings. “Gross Earnings” for each Employee shall be the sum of all monies earned for working straight time, overtime, turnaround, and earned as premiums and penalties.
Gross Earnings. Deductions
Gross Earnings. Gross Earnings" means all money paid to an Employee as salary, overtime pay, premium or other penalty pay, Paid Holiday pay, vacation pay, paid leaves of absence, Workers' Compensation payments and supplements, paid sick leave, and long term disability benefits during a given calendar year, or such shorter period of time as may be defined in this Agreement.
Gross Earnings. As used in Paragraph 7 (a) in this Participation Agreement, “gross earnings” means total gross compensation, in any form, received by the employee for, or in conjunction with, or relating to his/her services for the Contributing Employer in a Covered Production including but not limited to all earnings, salary, wages, fees, charges, paid time off, cancellation pay, postponement pay, financial gifts or awards, bonuses of any kind, profit participation and expenses, except for reimbursement of actual, documented out of pocket expenses incurred by the employee in the performance of work in a Covered Production. The eligibility for benefits of employees for whom contributions are made under this Paragraph 7(a) shall be determined in accordance with the Plan’s eligibility and coverage rules as amended from time to time by the Trustees.
Gross Earnings. “Gross Earnings” for the purpose of this Agreement shall be defined as all money received directly from the Employer (wages, overtime, shift premiums, vacation pay, sick leave pay, statutory holidays, bereavement pay and jury duty pay).
Gross Earnings. Deductions Net earnings. Upon request by an Employee, his 'converted overtime to leave' will be shown on his pay statement. Any proposed change in payroll procedures will be by mutual agreement between the Parties. An Officer may convert to leave his Master's excessive hours payments where a Company's payroll system can accommodate. Companies primarily engaged in log towing in River operations on a regular basis should benefit from the application of a tide work day, that is; the starting times for particular single shift tugs in a specified geographic area may be varied to suit changing tidal conditions. Such variations shall be permitted between hours and hours notwithstanding the provisions of Article of the Collective Agreement. To secure the above arrangement, Letters of Understanding between individual member Companies and the Guild shall be executed. September It is agreed that such vessels will operate as hereunder:
Gross Earnings. For the purpose of this section, it is defined as the total of monies paid for all hours worked during the pay period and is to include all regular hours and all paid out hours for statutory holidays.
Gross Earnings. Gross Earnings" means, for any period of calculation, Porous's gross sales, less returns and discounts, of Filters sold to WTC, less Porous's cost of goods sold, less the direct labor and production expenses associated with those gross sales (including, without limitation, the depreciation and amortization expense associated with the production of the Filters), all as determined in accordance with generally accepted accounting principals (consistently applied with prior periods) for such period.
Gross Earnings. Deductions Net earnings. Upon request by an employee his 'converted overtime to leave' will be shown on his pay statement. Any proposed change in payroll procedures will be by mutual agreement between the parties. An Officer may convert to leave his excessive hours payments where a payroll system can accommodate. New Hire Officer Declaration of Guild Membership Status Letter of Understanding December Canadian Merchant Service Guild West Broadway Vancouver, Attention: ▇▇▇ ▇▇▇▇ Secretary-Treasurer Dear Sir:
Gross Earnings. For the purpose of this insurance, Gross Earnings are defined as the sum of:
a) total net sales; and
b) other earnings derived from operations of the business; less the cost of:
i) merchandise sold, including packaging materials thereof; and
ii) materials and supplies consumed directly in supplying the service(s) sold by the insured; and
iii) service(s) purchased from outsiders (not employees of the Insured) for resale which do not continue under contract. No other costs shall be deducted in determining gross earnings. In determining gross earnings, due consideration shall be given to the experience of the Insured’s business before the date of interruption and the probable experience thereafter had no loss occurred.