Common use of Occupancy Overhead Clause in Contracts

Occupancy Overhead. The Occupancy Overhead allocates costs related to the workspace occupied by Shared Services employees. The rate is calculated by dividing the economic carrying costs for the buildings by the total actual labor dollars of employees working in those buildings. This overhead is directly applied to all Shared Services labor charged or allocated to Client Entities.

Occupancy Overhead. The Occupancy Overhead allocates costs related to the workspace occupied by Shared Corporate Services employees. The rate is calculated by dividing the economic carrying costs for the buildings by the total actual labor dollars of employees working in those buildings. This overhead is directly applied to all Shared Corporate Services labor charged or allocated to Client EntitiesCompanies.

Occupancy Overhead. The Occupancy Overhead allocates costs related to the workspace occupied by Shared Services Service Company employees. The rate is calculated by dividing the economic carrying costs for the buildings by the total actual labor dollars of employees working in those buildings. This overhead is directly applied to all Shared Services Service Company labor charged or allocated to Client EntitiesCompanies.