Retirement Cost definition

Retirement Cost means the cost of all employee compensation and any other benefits to be paid under the NTFS Program Agreement, plus the anticipated cost of compensation, benefits and other employment related costs for future part-time teaching or research of the employee.
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Retirement Cost shall have the meaning set forth in Section 7.1(b).
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Retirement Cost means the cost of all benefits, including future part-time teaching, research or other employment-related costs of the Eligible Employee including the employer's portion of FICA taxes;
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Examples of Retirement Cost in a sentence

  • The Retirement Cost shall be determined as of December 31, 1997 using the December 31, 1997 demographics of Merial Merck Employees and shall be based upon the actuarial assumptions used by Merck for purposes of determining pension expense pursuant to Financial Accounting Standards (“FAS”) 87 for the Merck Retirement Plans for 1998.

  • Merial shall credit to the Merck Member in respect of the Fiscal Year in which the Retirement Cost is calculated a Special Dividend equal to the Retirement Cost (as increased by an amount calculated as interest at [*] from December 31, 1997 through the earlier of (x) the date on which the Net Special Dividend in respect of such Fiscal Year is paid in full, and (y) April 15 of the Fiscal Year immediately following the Fiscal Year in respect of which the Special Dividend is to be paid).

  • Retirement Cost Sharing G.C. 20516‌ Recognizing the high cost of the retirement program and the continued increased costs on the employer to maintain this benefit, members of H.D.S.O. have agreed to share in the employer’s costs under Government Code 20516 Employees Sharing Cost of Additional Benefits contract amendment.


More Definitions of Retirement Cost

Retirement Cost means the cost of all benefits, including future part-time teaching, research or other employment-related costs of the faculty member;
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Retirement Cost means the cost of all benefits, including future part-time teaching, research, or other employment-related costs of the faculty member. “Replacement cost” means the estimated salary and fringe benefits cost of the individual or individuals who will be employed to fill the position or responsibilities of the retiring faculty member. “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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Retirement Cost means the cost of all employee compensation and any other benefits to be paid under the Program Agreement, plus the anticipated
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Related to Retirement Cost

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Employment Costs means all salaries, wages, commissions, bonuses, statutory contributions, tax, National Insurance contributions, holiday pay, employment benefit, pensions contributions, redundancy costs and all other emoluments in respect of Transferring Personnel;

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Equipment Cost means, for each Unit, the purchase price therefor paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.