Common use of Salaries, Wages and Related Costs Clause in Contracts

Salaries, Wages and Related Costs. Salaries, wages and related costs include everything constituting employees’ total compensation, as well as the cost to Operator of holiday, vacation, sickness, disability benefits, living and housing allowances, travel time, bonuses, and other customary allowances applicable to the salaries and wages chargeable hereunder, as well as the costs to Operator for employee benefits, including but not limited to employee group life insurance, group medical insurance, hospitalization, retirement, severance payments required by the laws or regulations of the Country of Operations, (additional severance payments in excess of those provided by the laws or regulations of the Country of Operations, which are made in accordance with Operator’s benefit policies, will be allocated to the Joint Account in the proportion that the time the employee was directly engaged in Joint Operations on a full time basis bears to the employee’s total tenure with the Operator and its Affiliates), and other benefit plans of a like nature applicable to labor costs of Operator. All costs associated with organizational restructuring (e.g., separation benefits, relocation costs, asset disposition costs) of Operator or its Affiliates, other than those costs that are directly related to employees of Operator who are directly engaged in Joint Operations on a full time basis, will require the approval of the Parties to be chargeable to the Joint Account. Any costs associated with Country of Operations benefit plans which are not currently funded will be accrued and not be paid by Non-Operators, unless otherwise approved by the Management Committee: (a) until the same are due and payable to the employee, (b) upon withdrawal of a Party pursuant to the Association Contract and then only by the withdrawing Party, or (c) upon termination of the Association Contract; whichever occurs first. Expenditures or contributions made pursuant to assessments imposed by governmental authority for payments with respect to, or on account of, employees described in Sections 2.3(B)(1) and 2.3(B)(2) will be chargeable to the Joint Account.

Salaries, Wages and Related Costs. Salaries, wages and related costs include everything constituting the employees’ total compensation, as well as the cost to Operator of holiday, vacation, sickness, disability benefits, living and housing allowances, travel time, bonuses, and other customary allowances applicable to the salaries and wages chargeable hereunder, as well as the costs to Operator for employee benefits, including but not limited to employee group life insurance, group medical insurance, hospitalization, retirement, severance payments required by the laws or regulations of the Country of Operations, Operations (additional severance payments in excess of those provided by the laws or regulations of the Country of Operations, which Operations shall be chargeable to the Joint Account to the extent that they are made in accordance with Operator’s benefit policies, will be allocated to the Joint Account in the proportion that the time the employee was directly engaged in Joint Operations on a full time basis bears to the employee’s total tenure with the Operator and its Affiliates), and other benefit plans of a like nature applicable to labor costs of Operator. All costs associated with organizational restructuring (e.g., separation benefits, relocation costs, asset disposition costs) of Operator or its Affiliates, other than those costs that which are directly related to employees of Operator who are directly engaged in Joint Operations on a full time basis, will require the approval of the Parties to be chargeable to the Joint Account. Any costs associated with Country of Operations benefit plans which are not currently funded will shall be accrued and not be paid by Non-Operators, unless otherwise approved by the Management Operating Committee: (a) , until the same are due and payable to the employee, (b) upon withdrawal of a Party pursuant to the Association Contract Agreement and then only by the withdrawing Party, or (c) upon termination of the Association Contract; Agreement, whichever occurs first. Expenditures or contributions made pursuant to assessments imposed by governmental authority for payments with respect to, to or on account of, of employees described in Sections 2.3(B)(1) Section 2.2.1 and 2.3(B)(2) will be chargeable to the Joint Account.Section

Salaries, Wages and Related Costs. Salaries, wages and related costs include everything constituting employees’ total compensation, as well as the cost to Operator of holiday, vacation, sickness, disability benefits, living and housing allowances, travel time, bonuses, and other customary allowances applicable to the salaries and wages chargeable hereunder, as well as the costs to Operator for employee benefits, including but not limited to employee group life insurance, group medical insurance, hospitalization, retirement, severance payments required by the laws or regulations of the Country of Operations, (additional severance payments in excess of those provided by the laws or regulations of the Country of Operations, which are made in accordance with Operator’s benefit policies, will be allocated to the Joint Account in the proportion that the time the employee was directly engaged in Joint Operations Operator Activities on a full time basis bears to the employee’s total tenure with the Operator and its Affiliates), and other benefit plans of a like nature applicable to labor costs of Operator. All costs associated with organizational restructuring (e.g., separation benefits, relocation costs, asset disposition costs) of Operator or its Affiliates, other than those costs that are directly related to employees of Operator who are directly engaged in Joint Operations Operator Activities on a full time basis, will require the approval of the Parties to be chargeable to the Joint Account. Any costs associated with Country of Operations benefit plans which are not currently funded will be accrued and not be paid by Non-Operators, unless otherwise approved by the Management Committee: (a) until the same are due and payable to the employee, (b) upon withdrawal of a Party pursuant to the Association Contract and then only by the withdrawing Party, or (c) upon termination of the Association Contract; whichever occurs first. Expenditures or contributions made pursuant to assessments imposed by governmental authority for payments with respect to, or on account of, employees described in Sections 2.3(B)(1) and 2.3(B)(2) will be chargeable to the Joint Account.

Salaries, Wages and Related Costs. Salaries, wages and related costs include everything constituting the employees’ total compensation, as well as the cost to Operator of holiday, vacation, sickness, disability benefits, living and housing allowances, travel time, bonuses, and other customary allowances applicable to the salaries and wages chargeable hereunder, as well as the costs to Operator for employee benefits, including but not limited to employee group life insurance, group medical insurance, hospitalization, retirement, severance payments required by the laws or regulations of the Country of Operations, (additional . Approval of the Operating Committee shall be required to charge the Joint Account with any severance payments in excess of those provided by the laws or regulations of the Country of Operations, which are made in accordance with Operator’s benefit policies, will be allocated to the Joint Account in the proportion that the time the employee was directly engaged in Joint Operations on a full time basis bears to the employee’s total tenure with the Operator and its Affiliates), and other benefit plans of a like nature applicable to labor costs of Operator. All costs associated with organizational restructuring (e.g., separation benefits, relocation costs, asset disposition costs) of Operator or its Affiliates, other than those costs that which are directly related to employees of Operator who are directly engaged in Joint Operations on a full time basisOperations, will require the approval of the Parties to be chargeable to the Joint Account. Any costs associated with Country of Operations benefit plans which are not currently funded will may be accrued and charged at a percentage rate to reflect payments or accruals made by Operator applicable to such employees. Such accruals for Country of Operations benefit plans shall not be paid by Non-Non Operators, unless otherwise approved by the Management Operating Committee: (a) , until the same are due and payable to the employee, (b) upon withdrawal of a Party pursuant to the Association Contract and then only by the withdrawing PartyAgreement, or (c) upon termination of the Association Contract; Agreement, whichever occurs first. Expenditures or contributions made pursuant to assessments imposed by governmental authority for payments with respect to, to or on account of, of employees described in Sections 2.3(B)(1) Section 2.2.1 and 2.3(B)(2) will Section 2.2.2 shall be chargeable to the Joint Account.

Salaries, Wages and Related Costs. Salaries, wages and related costs include everything constituting the employees’ total compensation, as well as the cost to Operator Operator, of holiday, vacation, sickness, disability benefits, living and housing allowances, travel time, bonuses, and other customary allowances applicable to the salaries and wages chargeable hereunder, as well as the costs to Operator for employee benefits, including but not limited to employee group life insurance, group medical insurance, hospitalization, retirementretirement (accrued during the period of Joint Operations), severance payments required by the laws or regulations Laws / Regulations of the Country of Operations, Operations and accrued during the period of Joint Operations (additional severance payments in excess of those provided by the laws or regulations Laws / Regulations of the Country of Operations, which are made in accordance with Operator’s benefit policies, will Operations shall be allocated chargeable to the Joint Account in the proportion that the time the employee was directly engaged in Joint Operations on a full time basis bears to the employee’s total tenure extent that they are in accordance with the Operator and its Affiliates)benefit policies of Operator, and other benefit plans of a like nature applicable to labor costs of Operator. Subject to the approval of the Operating Committee, these costs shall also include the Operator’s employee incentives program; for the avoidance of doubt, Operator’s employee incentives program shall include bonuses and stock options, stock appreciation rights and/or equivalents. Said incentives program shall be based on performance and its overall costs shall never represent more than 30% of the aggregate income of the employees (including said incentives program). All costs associated with organizational restructuring (e.g., separation benefits, relocation costs, asset disposition costs) of Operator Operator, or its their Affiliates, other than those costs that which are directly related to employees of Operator Operator, who are directly engaged in Joint Operations on a full time basis, will require the approval of the Parties to be chargeable to the Joint Account. Any costs associated with Country of Operations benefit plans which are not currently funded will shall be accrued and not be paid by Non-Operators, unless otherwise approved by the Management Operating Committee: (a) , until the same are due and payable to the employee, (b) upon withdrawal of a Party pursuant to the Association Contract Agreement and then only by the withdrawing Party, or (c) upon termination of the Association Contract; Agreement, whichever occurs first. Expenditures or contributions made pursuant to assessments imposed by governmental authority Government authorities for payments with respect to, to or on account of, of employees described in Sections 2.3(B)(1) Section 2.2.1 and 2.3(B)(2) will Section 2.2.2 shall be chargeable to the Joint Account.