Actual Labor Cost definition

Actual Labor Cost means actual employee costs allocable to the manufacture Collaboration Compound or Manufacture of Collaboration Product, as applicable, which are as follows: salaries, payroll taxes, employee benefits, holiday, sickness, overtime pay and bonuses with respect to such employees. For clarity, Actual Labor Costs shall exclude any employee costs associated with equity incentive plans.
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Examples of Actual Labor Cost in a sentence

  • Provision of Individual Contractors for proposed services under the Agreement shall not exceed 3% of the proposal Total Actual Labor Cost.

  • Provision of Individual Contractors for proposed services under the Agreement shall not exceed 3% of the Total Actual Labor Cost.

  • Promptly after the Company receives the 409A Valuation on June 15, 2015, it would issue to Autotelic warrants for 1,000 shares of its common stock ($1,000 of Actual Labor Cost divided by $1 per warrant price) at an exercise price of $5.00 per share.

  • After the Equity Financing Date, Company shall pay Autotelic a cash amount equal to the Actual Labor Cost plus 100% m▇▇▇ up of providing the Services.

  • For example, say that the Company’s first 409A Valuation is issued on June 15, 2015, and that it concludes that the warrant price of a share of the Company’s stock as of May 31, 2015 (the Valuation Date) is $1.00 and FMV of $5.00, and that the Actual Labor Cost for the period January 1, 2015 – May 31, 2015 is $1,000.

  • Provision of Individual contractors for proposed services under the Agreement shall not exceed 3% of the proposal Total Actual Labor Cost.

  • After the Equity Financing Date, Company shall pay Autotelic a cash amount equal to the Actual Labor Cost plus 100% ▇▇▇▇ up of providing the Services.

  • Provision of Individual Contractors for proposed services under the Agreement shall not exceed 3% of the Proposal Total Actual Labor Cost.