Examples of Modified in a sentence
BASE Modified total direct costs, consisting of all direct salaries and wages, applicable fringe benefits, materials and supplies, services, travel and up to the first $25,000 of each subaward (regardless of the period of performance of the subawards under the award).
Modified total direct costs shall exclude equipment, capital expenditures, charges for patient care, rental costs, tuition remission, scholarships and fellowships, participant support costs and the portion of each subaward in excess of $25,000.
In determining the substance of a Modified Term, the Arbitrator shall select a term that comes closest to expressing the intention of the Unfair Term.
Included in the Modified Formula was language that indicated that the district could make compensation changes, consistent with Appendix C, in the event that the district did not meet certain established fund equity targets if the failure to reach those targets was caused by either an increase in the MPSERS rate or a decrease in per-pupil funding from the State of Michigan.
The maximum reimbursement amount allowable for indirect costs is ten percent (10%) of the Contractor’s Modified Total Direct Costs (MTDC), excluding in-kind contributions and nonexpendable equipment.