Direct Material Cost definition

Direct Material Cost is the materials expense recognized in the accomplishment of aircraft-related maintenance events performed by AA TWU employees. Capitalized material is excluded; Shop Supplies will be included. In order to reflect the benefit to the TWU of performing work on non-AA operated aircraft, the parties agree that the above-defined Labor Cost and Material Cost is intended to include such costs even when incurred in the performance of non-AA aircraft-related maintenance, including at TAESL, so long as such work is performed by TWU represented employees in accordance with the rates of pay, rules, and working conditions in the TWU/AA Agreement. It is the parties’ intention that work performed by persons on the American Airlines Transport Workers Union Title I seniority list, including at TAESL or other entity, is considered in-sourced work. In the event that the TAESL joint venture shrinks by 25% or more versus the full year 2011 period, or is terminated, the outsourcing limits will be adjusted accordingly. Further adjustments will be made at each additional shrinkage of 25%, or more, versus the full year 2011 period. American Airlines will, from time to time, return aircraft, engines or other components that may require work to be done pursuant to the original terms of the lease or other financing agreement. The Company may enter into an agreement with the lessor to reduce or eliminate that requirement. In that case, the aircraft will be returned without the work being accomplished. If at a future date the lessor or other party chooses to accomplish some or all of the eliminated work, such work is not covered under the provisions of this agreement, provided the aircraft is not returned to the service of American Airlines following completion of the eliminated work. In the event the Company reacquires the aircraft through a leasing arrangement, the portion of the lease payments attributable to maintenance, commonly known as “maintenance reserves”, will be included as outsourced work at the time the aircraft is returned to service. In the event the Company reacquires the aircraft through a purchase agreement, the increased value of maintenance life remaining on the aircraft will be considered to be outsourced work at the time the aircraft is returned to service. The parties also agree that, in the event that the Company is willing to make what it believes is a significant investment to increase or improve its in-house capacity, the TWU and the Company will discuss whe...
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Direct Material Cost means the cost of materials which are or will be an integral part of the stock-in-trade.
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Direct Material Cost means the direct material cost component of the UMC.
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Examples of Direct Material Cost in a sentence

  • The reported Direct Material Cost for a Reporting Period and the reported Subcontracted Maintenance Material Cost for a Reporting Period will be revised to values express in the Base Year by multiplying such costs by the ratio of the average of the values of the Material Index published for the twelve months of the Base Year to the average of the values for the Material Index published during twelve months of the applicable Reporting Period.

  • Age Target Direct Labor Cost ($ per flt hr) + Target Direct Material Cost ($ per flt hr) + Target Subcontracted Maintenance Labor Cost ($ per flt hr) Target Subcontracted Maintenance Material Cost ($ per flt hr) = Projected Target Maintenance Cost ($ per flt hr) One $ + $ + $ = Two $ + $ + $ = Three $ + $ + $ = Four $ + $ + $ = Five $ + $ + $ = PA 3780 Maintenance Cost Guarantee BOEING PROPRIETARY The Boeing Company P.X. Xxx 0000 Xxxxxxx, XX 00000-0000 GOT-PA-3780-LA-1207847 GAC, Inc.

  • The reported Direct Material Cost for a Reporting Period and the reported Subcontracted Maintenance Material Cost for a Reporting Period will be revised to values expressed in the Base Year by multiplying such costs by the ratio of the average of the values of the Material Index published for the twelve months of the Base Year to the average of the values for the Material Index published during twelve months of the applicable Reporting Period.

  • Reporting Period No. _____ Beginning date _________ ending date _________ Actual Maintenance Costs as reported by Customer expressed in U.S. Dollars: Actual Maintenance Costs Direct Labor Cost (total cost) Direct Material Cost (total cost) Subcontracted Maintenance Labor Costs (total cost) Subcontracted Maintenance Material Costs (total cost) Total Actual Maintenance Costs and Target Maintenance Costs as determined by Boeing expressed in U.S. dollars.


More Definitions of Direct Material Cost

Direct Material Cost is used in this Section 4.8, it shall mean the cost represented on the xxxx of materials supporting the most current Electronic Components Purchase Price at the relevant time.
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Direct Material Cost means the actual cost paid by Customer for materials required to perform the Covered Maintenance in a Reporting Period, as reported by Customer and adjusted by Boeing pursuant to the provisions of this Letter Agreement and exclusive of those costs and other charges as set forth in Article 9; and
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Related to Direct Material Cost

  • Contract Material means all material created or required to be developed or created as part of, or for the purpose of performing, the Services, including documents, equipment, information and data stored by any means.

  • Input Material means all documents, information, representations, statements and materials provided by Customer or a third party on behalf of Customer, relating to the Services, including computer programs, data, logos, reports and specifications and inventories.

  • Course Materials means lectures, exercises designed for online collaboration, multimedia developed for Web distribution, notes, outlines, syllabi, bibliographies, tests, instructional handouts, videotaped presentations and any like materials and documents (whether in electronic or other medium) that a member of the bargaining unit authors or creates in connection with the preparation or teaching of a course at a University.

  • Licensed Material means the artistic or literary work, database, or other material to which the Licensor applied this Public License.

  • Output Material means any Documents or other materials, and any data or other information provided by the Supplier relating to the Specified Service;

  • Byproduct material means any radioactive material (except Special Nuclear Material) yielded in, or made radioactive by, exposure to the radiation incident to the process of producing or utilizing Special Nuclear Material.

  • Licensed Materials means any materials that Executive utilizes for the benefit of the Company (or any Subsidiary thereof), or delivers to the Company or the Company’s Customers, which (a) do not constitute Work Product, (b) are created by Executive or of which Executive is otherwise in lawful possession and (c) Executive may lawfully utilize for the benefit of, or distribute to, the Company or the Company’s Customers.

  • Received Material means records, software and other material, whether complete or not, that, as a result of this Agreement, are received by the Contractor or a Subcontractor from the Province or any other person;

  • Background Material means any pre-existing works in which the Intellectual Property Rights are owned by either Party, which have been prepared by that Party outside the scope of this Agreement or which were licensed from a third party by that Party.”

  • SAP Materials means any software, programs, tools, systems, data, or other materials made available by SAP or any other member of the SAP Group to Partner or to an End User (either directly or indirectly via Partner) prior to or in the course of the performance under any part of this Agreement including, but not limited to, the other SAP Products.

  • Third Party Material means software, software development tools, methodologies, ideas, methods, processes, concepts and techniques owned by, or licensed to a third party and used by the Service Provider in the performance of the Services;

  • Licensed Subject Matter means Patent Rights and/or Technology Rights.

  • Product Information has the meaning specified in Section 10.12(a).

  • Intellectual Property Right means any patent, trade mark, service mark, copyright, moral right, right in a design, know-how and any other intellectual or industrial property rights, anywhere in the world whether or not registered.

  • Business Intellectual Property means the Licensed Intellectual Property and the Owned Intellectual Property.