Retention cost definition

Retention cost means the current annual salary and fringe benefits cost of the retiring faculty member, including any increases in salary or fringe benefits approved prior to the effective date of a Program Agreement.
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Retention cost means the last salary (including any increases in salary prior to the effective date of retirement), benefits (including the City’s portion of retirement costs) and FICA taxes for the eligible employee.
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Retention cost means the last annual salary and fringe benefits cost of the retiring faculty member, including any increases in salary or fringe benefits approved prior to the effective date of an Agreement.
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Examples of Retention cost in a sentence

  • Especially, the authors examined the various pollution reduction methods on a common basis of:• Method used• Short Description• Retention efficiency• Electricity consumption• Installation availability• Installation cost per kWth• Retention cost per tonne of pollutant Thus, this work was focused not only to the emission reduction techniques themselves but, also to the cost of installation and operation of anti-pollution equipment.

  • Retention cost is far less costly than acquisition cost to acquire a new customer therefore, enterprises utilize RFM analysis to mine databases for knowing about customers who spend the most money and create the biggest value for enterprises (Cheng, Chen, 2009).

  • Retention cost model where R = refreshment cost, DR = decreasing cost of refreshment, E = cost of physical equipment, DE = decreasing cost of equipment (adapted from ADS).

  • Retention cost represents the costs of marketing operations and communication to grow customer relationships.

  • As noted above, the Physician Retention cost has been added back into the budget for Council’s consideration.

  • Retention cost is the total cost of hiring a new worker—including costs for advertising, evaluating different applicants and other administration costs.

  • Σ· · − fα τ (w, e) + α ( wf (we−wf −α) τ (w) λ τ (w, e)) =(k−2wf −α)(k−we)Σ Σ w (w w α) − ff ∈Fα f e− f − τ (w) + α(1 λ )τ (w, e) >(k−we)(k−2wf −α)fα Σ wf (we−wf −α) τ (w) + α(1 − Σ λ ) we τ (w) ≥ α · τ (w).f ∈F f ∈F f ∈F(k−we)(k−2wf −α) f ∈F k+αThe last inequality can be seen as follows.

  • This amount can be divided into three types:• Retention cost (RC)– The person/company who has agreed a contract with MasterPlumbers Ltd only pays this fee after the project has undergone a review by an independent architect at a specified date in the future (usually one year after the project has been completed).

Related to Retention cost

  • Formation Cost means preliminary expenses relating to regulatory and registration fees of the Scheme, flotation expenses of the Scheme, expenses relating to authorization of the Scheme, execution and registration of the Constitutive Documents, legal costs, printing, circulation and publication of this Offering Document, announcements describing the Scheme and all other expenses incurred until the end of the Initial Period.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).