General Administrative Costs definition

General Administrative Costs shall equal the product of (I) Direct Costs and (II) the G&A Rate. The “G&A Rate” shall equal 22.2%, which is calculated in accordance with the following formula: The amounts comprising “Full Year G&A Expense”, “Full Year Expense” and “Full Year G&A Expense” are set forth in Contractor’s 10-K for the year ending December 31, 2014 (the “Annual Report”) filed with the U.S. Securities and Exchange Commission (SEC), as more particularly defined below. For purposes of calculating the G&A Rate, the “Full Year Expense” shall equal the sum of the following operating expenses set forth in the Consolidated Statements of Operations Data set forth in Contractor’s Annual Report: • Cost of Revenue (excluding depreciation and amortization) • Sales and Marketing • Research and Development • General and Administrative For purposes of calculating the G&A Rate, the “Full Year G&A Expense” shall equal Contractor’s operating expense identified as General and Administrative in the Consolidated Statements of Operations set forth in Contractor’s Annual Report.

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General Administrative Costs means the Agency's reasonable costs related to accounting, reporting, statutory compliance, conduct of Agency meetings, administration of this Agreement and any other fiscal agreements entered into by the Agency, and other similar matters necessary to the general administration of the Project. General Administrative Costs do not include the Agency's costs of: (1) preparing and amending this Agreement, the 1993 Amended Plan, the 1998 Amended Plan, and the 2010 Amended Plan; or

General Administrative Costs or “G & A Costs” shall mean non-sales personnel costs (excluding manufacturing personnel costs) and other overhead costs that are proportionally allocated to the Product. G &A Costs shall be a rate, calculated as a percentage of Net Sales, as determined by the JSC on a product-by-product basis based upon the projected Product budget. Such rate shall be determined no later than [**] months following [**] of such Product if Momenta has exercised its option for a Cost/Profit Share. The JSC shall, on an annual basis, adjust the rate to reflect actual budgets for the following year. G & A Costs shall be included in Marketing and Selling Costs.

Examples of General Administrative Costs in a sentence

• Uses of proceeds by USCEI are for Hardware and Equipment ($16,000.00 Max.), Marketing ($24,000.00 Max.), Web Site Development ($5,000.00 Max.), Legal Costs ($30,000.00 Max.) and General Administrative Costs ($10,000.00 Max.) ONLY.

• SCLRC is entitled to a total amount of 3% of the General Administrative Costs as defined in Exhibit A which is due and payable via SCLRC withholding 3% of the General Administrative Costs from the total of any reimbursement from SCLRC to Subrecipient.

• Such Company Stockholder understands and acknowledges that each of Acquiror and the Company is entering into the Merger Agreement in reliance upon such Company Stockholder’s execution and delivery of this Agreement, and the representations, warranties, covenants and other agreements of such Company Stockholder contained herein.

• With respect to consideration of Approved General Administrative Costs, the Agency shall determine that the planning and administrative expenses are necessary for the production, improvement, or preservation of low-and moderate-income housing.

• It is expressly agreed and understood that the total amount to be disbursed, or reimbursed, by the SCLRC to the Subrecipient, shall not exceed the total amount awarded to the SCLRC for each project, less the 3% of General Administrative Costs for each project to be retained by the SCLRC.

• At that time, the Assistant Executive Director shall provide Borrower with approval as to Approved General Administrative Costs and Approved Residual receipts if any.

• Program funds may be used for the sole and express purpose of undertaking and completing Projects as described in the Scope of Work provided within the Program Guidelines of ODOD, provided, however, that SCRLC shall be entitled to a portion of any General Administrative Costs reimbursed by ▇▇▇▇, as outlined below in Section IV(B).

• At that time, the Assistant Executive Director shall provide Borrower with approval as to Approved General Administrative Costs and Approved Project Residual Receipts if any.

More Definitions of General Administrative Costs

General Administrative Costs are general administration-type costs, normally incurred by any organization, that are hereby incurred to enable effective delivery of the Funded Activity. These include costs such as rent, phone/fax, postage/courier, office supplies, internet/website, bank charges, office moving expenses, office cleaning, security system, garbage removal/recycling, publication purchases, equipment maintenance and membership fees.

General Administrative Costs means such cash-based expenses of the Company and its Subsidiaries relating to the payment of employee compensation and benefits, rents for office space, audit, legal, consulting and other professional fees, systems and overhead costs, and such other “general and