Employee Cost definition

Employee Cost means an hourly rate determined by adding amounts for employer-paid life, health, dental and AD&D insurance. A schedule of Employee Cost by employee will be maintained by V3 and updated from time to time to reflect changes in the information.
View Source
Employee Cost has the meaning given such term in Section 3.11.
View Source
Employee Cost means the costs of compensation, benefits or other direct or indirect costs of employees of a Party, its successors or permitted assigns, or any of their respective Affiliates. In calculating the Average Production Costs, Employee Cost means the foregoing, but only with respect to those Pioneer employees engaged in duties directly related to manufacturing, and excluding employees engaged in corporate management, administration, sales, marketing, transportation or other duties not directly related to manufacturing.
View Source

Examples of Employee Cost in a sentence

  • The City has contracted with PERS for Employee Cost Sharing under Government Code Section 20516(a).

  • The provisions of Article IV, Part A, Section 4(g) (Opt-Outs) and Part B (Employee Cost Sharing of Plan Cost Increases) are not applicable to employees covered by the Agreement who reside in Canada.

  • The surviving spouse/dependents will be required to pay the Annual Employee Cost for Coverage on the Plan and Benefit level selected.

  • For example: Annual Cost – (District contribution – FTE) = Employee Cost.

  • Upon approval and agreement from the bargaining unit and completion of the City’s amendment to the CalPERS contract, employee contributions will be made pursuant to Government Code Section 20516, Employee Cost Sharing of Additional Benefits.

  • The City has contracted with CalPERS for Employee Cost Sharing as set forth in Government Code section 20516(a).

  • Options Annual Benefit Co-Pay Ortho Life Benefit Annual Employee Cost Annual Cash Refund Core $1,000 80%/20% $2,000 0 0 Option I $1,000 80%/20% $3,000 $48 0 Option II $1,200 90%/10% $2,000 $96 0 Opt Out 0 $150 Retain current coverage plus preventative services paid 100% of reasonable and customary, subject to maximum benefit.

  • Employees may not use the additional City contribution towards the required Employee Cost Sharing.

  • In the event of any bankruptcy or insolvency of the West Borrower while the Employee Cost Sharing Agreement is in effect, the Borrower will, unless the Required Lenders otherwise consent, use its commercially reasonable efforts (including by exercising such rights as are legally available to it under such agreement) to directly employ all Associated Employees as soon as practicable.

  • The Employee Cost Per Hour for each Service Employee as of the Effective Date is set forth on Exhibit A attached hereto.

Related to Employee Cost

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.