Employee Overhead definition

Employee Overhead means overhead charges allocable to contractual and statutory benefits and to administration of employees, including without limitation payroll services, which shall be as follows: (a) with respect to employees designated as "Management/Supervisory" (i) by HE, an amount equal to seventy- five (75%) percent of the salary or wages payable with respect thereto, and (ii) by NGS, an amount equal to the actual cost of such overhead as calculated and demonstrated by NGS, estimated at one hundred (100%) percent of the salary or wages payable with respect thereto, and (b) with respect to other union employees, an amount equal to twenty-five ($0.25) cents per employee per hour.
Sample 1
Employee Overhead means (i) with respect to an Employee, forty ----------------- percent (40%) of the sum of such Employee's Actual Salary, Bonus and Employee Benefit Costs, and (ii) with Confidential treatment has been requested for portions of this document, which have been redacted, pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. respect to an Outside Consultant, twenty percent (20%) of the sum of such Outside Consultant Cost, in each case unless such percentage amount is modified pursuant to a written agreement of the Parties such as an overhead sharing agreement except as otherwise set forth in Section 7.5. ------- ---
Sample 1

Examples of Employee Overhead in a sentence

  • Employee Overhead $26,500.00Includes Scheduled bonds for Tax Collector at $100.00, Finance Officer at $450.00, workers compensation at $1,800.00, and standard payroll obligations consisting of FICA, Medicare, and payroll processing.

  • Employee Overhead Costs Required ChargePercent of Direct LaborCanada Employment Insurance%Canada Pension Plan%BC Labor Vacation Reg.

  • Employee Overhead $32,500.00Includes Scheduled bonds for Tax Collector at $100.00, Clerk/Zoning Administrator at$100.00, Finance Officer at $450.00, workers compensation at $2,150.00, and standard payroll obligations consisting of FICA, Medicare, and payroll processing.

  • Optimization of default maximum inter-spike intervalDefault maxISI parameter is used in paths 2 and 3 and, therefore, alteration of maxISI affects only spike trains for which path 2 or 3 is selected.

Related to Employee Overhead

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Employer as defined in Section 3(5) of ERISA.

  • 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).

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • 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.

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Expatriate Personnel means such persons who at the time of being so hired had their domicile outside India;

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Company Personnel means any current or former director, officer or employee of the Company or any Company Subsidiary.

  • Permanent part-time employee means a person who is appointed to work hours that are less in number than a full-time employee and who is appointed as such in accordance with section 37(3)(a) of the State Service Act 2000.

  • 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)).

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Active Employment means you must be actively at work for the Sponsor:

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Expatriate means an internationally recruited staff member, who is not a citizen or permanent resident of Samoa, and who resides in Samoa only by virtue of employment with SPREP.

  • Employment Taxes means all fees, Taxes, social insurance payments or similar contributions to a fund of a Governmental Authority with respect to wages or other compensation of an employee or other service provider.

  • Part-time employment means any employment or combination of one or more employments in a civil division in which an individual works fifty percent (50%) or less of the time prescribed as the standard work week by the governing body or other appropriate authority of the civil division or where the employee earns not more than one-half (1/2) of the rate assigned to the position if the position has been allocated to a graded salary schedule.