Labor cost means salary and fringe benefits.
Labor cost means the allocation to each Product of direct production labor expenses, including fringe benefits, and the expenses included in Exhibit F incurred by the Flextronics Product manufacturing organizations responsible for production, production control, process engineering, manufacturing training, test manufacturing engineering, documentation, quality, industrial engineering and vendor engineering. The Labor Cost for each Product during the Initial Quarter for the United States and Ireland is shown on Exhibit A. The Parties shall agree to an allocation of Labor Cost to each new product added to Exhibit A during the Term of this Agreement. Losses Shall mean all claims, demands, proceedings, losses, damages, obligations, liabilities, deficiencies, fines, costs, or expenses (including, without limitation, reasonable attorneys' fees). Manufacturing Inventory Shall mean the inventory of Materials and work-in- process in connection with the manufacture of Products, but excluding Product Inventory. Manufacturing Specification Shall mean, for each Product, Customer's written specification of the technical and processing requirements for the development or manufacture of that Product, including a Xxxx of Materials, design specifications, ECOs, schematic drawings, assembly drawings, process documentation, test specifications, current revision number, revision history, workmanship and quality specification, the identification of required test equipment and a list of approved vendors of component parts. Materials Shall mean the component line items on any Product's Xxxx of Materials, which are collectively assembled according to the Manufacturing Specifications to produce that Product. Net Sales For a period, shall mean (x) the sum of (a) the total amount invoiced to Customer for Products delivered in the period, (b) the total amount of any rebate pursuant to Section 12.6 for Rebate Periods in that period, (c) any inventory fee imposed under Section 5.1 on Product Inventory held in that period, and (d) any other fees or payments (other than payments for Products) that Flextronics receives under this Agreement in the period; minus (y) any returns of Product in the period. Non-Labor Overhead Shall mean the allocation to each Product of expenses incurred by the Flextronics organizations responsible for the purchasing, receiving and inspection of Materials, maintenance of Material stockrooms and the shipment of Products, and the following organizations that support the manu...
Labor cost means all monies paid by GNP to hourly personnel for working directly on the production of each GNC Brand Product.
Examples of Labor cost in a sentence
Direct Labor cost shall be the actual wages paid to technical employees for the time actually devoted to the work on the project.
The total labor burden for such small tools shall not exceed two percent (2%) of the Direct Labor cost.
Authorized time and materials invoices, at a minimum, shall include the following information: Labor cost at the established rate plus cost of materials plus mark up.
Only actual expenditures for labor may be charged as Labor cost to this contract.
Labor cost charges to this award must be based upon salaries actually earned and the time actually worked on this award.
More Definitions of Labor cost
Labor cost for any period shall mean an amount equal to the costs paid or expenses accrued by Provider and any other Rendering Party during such period for the employment of those of their respective employees who perform (or terminate the performance of) the Services pursuant to this Agreement, as pro rated for the hours spent by such employees performing (or terminating the performance of) the Services. Such costs and expenses include (without limitation): (i) salaries, wages, bonuses and incentive, vacation, holiday and self-funded sick pay; (ii) social security taxes, Medicare taxes and other payroll taxes; (iii) premiums on behalf of such employees for coverage by any long-term disability insurance, insured short-term disability benefit, group term life insurance, accidental death and disability insurance, business travel accident insurance, and insured group health, dental or vision plans; (iv) other employee welfare benefits, fringe benefits and perquisites, including benefits under any employee welfare benefit plan, supplemental unemployment compensation plan benefits, expatriate compensation program costs and benefits and any other fringe benefit arrangements that do not constitute an employee benefit plan; (v) employer contributions to any tax-qualified defined contribution plan on behalf of such employees (other than employee pretax deferral amounts included in subclause (i) above as wages) and a proportionate share of employer paid administration costs; (vi) employer provided benefits under any tax-qualified defined benefit pension plan and a proportionate share of employer paid administration costs; (vii) employer provided self-funded group health, dental and vision benefits; (viii) employer costs for administration of any benefit plan, program or arrangement provided to or for the benefit of such employees; and (ix) any other government charges relating to the employment of such employees, including workers’ compensation claims. Notwithstanding the foregoing, “Labor Cost” shall not include costs paid or expenses accrued with respect to any part of the costs or expenses described above that are attributable to a change in the terms of employment or employee benefit plans or practices applicable to any such employee from those in effect on the Effective Date, other than changes that are consistent with changes applied to other employees in the same or similar positions and/or changes required under any existing or future collective bargaining agreement.
Labor cost means the cost of the actual labor cost of all production and delivery personnel in certain Hungry Howie’s Units, excluding any tax burdens, bonuses or benefits. Labor Cost also excludes any amounts paid to Managers and/or the Owners.
Labor cost means all cash expenditure such as salaries, wages, allowances and other benefits, measured on a per metric ton of ore basis, for the remuneration of personnel directly involved in the mining, processing, hauling, handling and storage of ore concentrate/s or finished product on a single mining unit excluding supervisory and administrative personnel;
Labor cost means salaries, wages, and payroll taxes for drivers and others employed by a hauler.
Labor cost means, for any NewCo employee, average monthly (i) salary plus (ii) amount of reserve for retirement allowances plus (iii) amount of Fringe Benefits for such employee, over the Standard Calculation Period.
Labor cost means, for each comScore employee performing services pursuant to a request by Citadel under this Section 3.6.3.1 or a request for hours in excess of the Services Commitment, the product of two (2) multiplied by the actual hourly salary of such employee multiplied by the number of hours such employee performed services pursuant to such request; and “actual hourly salary” shall mean the actual annual salary of such employee (not including any benefits, bonuses, incentive stock option compensation and any other non-cash compensation) divided by 2,000 hours.
Labor cost. Index Adjustment (Production)" and "Benefit Cost Index Adjustment (Production)" for the Contract Years eight through eleven means the sum of (l) the base labor and benefit costs for the prior Contract Year and (2) the product of (the Defined Labor Index times the Attrition Factor) times the prior Contract Year base labor and benefit costs. The base year labor costs (production) for the seventh Contract Year will be $41.944 million and the base year benefit costs (production) for the seventh Contract Year will be $5.800 million. The sum of the prior Contract Year base labor costs (production) and benefit costs (production) and the Labor Cost Index Adjustment (Production) and Benefit Cost Index Adjustment (Production) for a year shall be the "prior Contract Year base labor and benefit costs" used for the following Contract Year's adjustment. The Labor Cost Index Adjustment (Production) and Benefit Cost Index Adjustment (Production) for Contract Years after Contract Year eleven, including the appropriate attrition factor, shall be determined under Articles 8 and 9 of the PSA.