In-House. If a Party is represented by In-House Counsel, the attorneys’ fees component of such Litigation Costs will be calculated by creating an hourly billing rate for each attorney based upon the following formula: Annual Salary/Allocated Annual Hours (2,080 Hours) + Applicable Overhead Rate = Hourly Billing Rate. Litigation Costs attributable to each attorney will be calculated using the computed hourly billing rate times the number of hours worked by such attorney on the litigation. This same formula will be used for calculating the paralegals’ fees component of such Litigation Costs for In- House Counsel.
Appears in 7 contracts
Samples: Services Agreement, Project Controls and Analytic Services Agreement, Qa Inspection Services Agreement
