Direct salary definition

Direct salary means the salary of a person directly involved with and chargeable to a specific project, e.g., engineering or draftsperson time spent on a project.
Sample 1Sample 2
Direct salary means the gross wages, which do not include costs of employer and beyond the amounts of the paychecks.
Sample 1
Direct salary has the same meaning as the term "institutional base salary." An individual's direct salary (or institutional base salary) is the annual compensation that the contractor pays for an individual's appointment whether that individual's time is spent on research, teaching, patient care or other activities. Direct salary (or institutional base salary) excludes any income than an individual may be permitted to earn outside of duties to the contractor. The per year salary rate limit also applies to individuals proposed under subcontracts. It does not apply to fees paid for consultants. If this is a multiple year contract, it may be subject to unilateral modifications by the Government if an individual's salary rate exceeds any salary rate ceiling established in future DHHS appropriation acts. Gen-Probe, Inc. Contract N01-HB-07148 Modification No. 3 Dollar Amount of b. Public Law No. Fiscal Year Salary Limitation -------------- ----------- ----------------- 106-113 2000 (10/1/99 - 12/31/99) $136,900 2000 (01/l/00 - 9/30/00) $141,300 106-554 2001 (10/1/00 - 12/31/00) $157,000 2001 (01/1/01 - 9/30/01) $161,200
Sample 1

Examples of Direct salary in a sentence

  • Employee Estimated Employer’s Monthly Contributions Monthly Salary Rate Name and Title Estimated Monthly Direct Salary Expense Federal & State Unemployment (Less than 1%) Social Security & Medicare (Less than 7.65%) Worker’s Compensation ($0 for ROCIP) Health & Insurance Pension / 401(k) Vacation / Holiday 1.

  • The Decimal Ratio of Allowable Overhead Costs to the Contractor Firm's Total Direct Salary Costs.

  • Direct Salary Costs are the base salaries and wages actually paid to the Contractor's personnel directly engaged in performance of the Services under the Agreement.

  • Employee Estimated Employer’s Monthly Contributions Monthly Salary Rate Name and Title Estimated Monthly Direct Salary Expense Federal & State Unemployment (Less Than 1%) Social Security & Medicare (Less Than 7.65%) Worker’s Compensation ($0 for ROCIP) Health & Insurance Pension / 401(k) Vacation / Holiday 1.

  • The consultant may choose to decouple the process and have the Indirect Cost Rate and Direct Salary rate approved at different times during the year.

  • The Faculty Professional Development Fund shall be funded annually based on the Total Budget Direct Salary (contracted) in the approved budget each June.

  • Records of Construction Manager’s costs, Reimbursable Expenses, expenses pertaining to Additional Pre-Construction Phase Services, and services performed on the basis of a Worker Wage Rate, Direct Salary Expense or Monthly Salary Rate (individually and collectively “Project Financial Records”) shall be kept on the basis of generally accepted accounting principles and in accordance with cost accounting standards promulgated by the Federal Office of Management and Budget Cost Accounting Standards Board.

  • Employee Estimated Employer’s Monthly Contributions Monthly Salary Rate Name and Title Estimated Monthly Direct Salary Expense Federal & State Unemployment (Less than 1%) Social Security & Medicare (Less than 7.65%) Worker’s Compensation Health & Insurance Pension / 401(k) Vacation / Holiday 1.

  • Detailed Estimate by Item: Direct Salary Times Approved Multiplier (X.XX).

  • Percentage of Direct Salary Cost: (Contract Employee Rate) 0.00% $ ‐ d.


More Definitions of Direct salary

Direct salary has the same meaning as the term "institutional base salary." An individual's direct salary (or institutional base salary) is the annual compensation that the contractor pays for an individual's appointment whether that individual's time is spent on research, teaching, patient care or other activities. Direct salary (or institutional base salary) excludes any income that an individual may be permitted to earn outside of duties to the contractor. The per year salary rate limit also applies to individuals proposed under subcontracts. It does not apply to fees paid to consultants.. If this is a multiple year contract, it may be subject to unilateral modifications by the Government if an individual's salary rate exceeds any salary rate ceiling established in future HHS appropriation acts. AMOUNT OF b. PUBLIC LAW NO. FISCAL YEAR ALARY LIMITATION DOLLAR 107-116 FY-02 Executive Level 1*
Sample 1
Direct salary has the same meaning as the term "institutional base salary." An individual's direct salary (or institutional base salary) is the annual compensation that the Contractor pays for an individual's appointment whether that individual's time is spent on research, teaching, patient care or other activities. Direct salary (or institutional base salary) excludes any income that an individual may be permitted to earn outside of duties to the Contractor. The per year salary rate limit also applies to individuals proposed under subcontracts. It does not apply to fees paid to consultants. If this is a multiple year contract, it may be subject to unilateral modifications by the Government if an individual's salary rate exceeds any salary rate ceiling established in future HHS appropriation acts. DOLLAR AMOUNT OF SALARY b. PUBLIC LAW AND SECTION NO. FISCAL YEAR LIMITATION -------------------------- ----------- ----------------- P.L. 108-447, Title II-General Provisions, Section 204 2005 Executive Level I
Sample 1
Direct salary has the same meaning as the term "institutional base salary." An individual's direct salary (or institutional base salary) is the annual compensation that the contractor pays for an individual's appointment whether that individual's time is spent on research, teaching, patient care or other activities. Direct salary (or institutional base salary) excludes any income that an individual may be permitted to earn outside of duties to the contractor. The per year salary rate limitation also applies to individuals proposed under subcontracts. It does not apply to fees paid to consultants. If this is a multiple year contract, it may be subject to unilateral modifications by the Government if an individual's salary rate used to establish contract funding exceeds any salary rate limitation subsequently established in future HHS appropriation acts.
Sample 1

Related to Direct salary

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Annual Salary means the salary given under this Part.

  • Salary as defined in Section 3.1(a).

  • Accrued Base Salary means the amount of Executive's Base Salary which is accrued but not yet paid as of the Date of Termination.

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

  • Final Salary means the average annual salary for service for which

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Basic Compensation means Salary and Benefits.

  • Annual Compensation means an amount equal to the greater of:

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Earnable compensation means the full rate of the