Seconded Employee Expenses has the meaning set forth in Section 4.2.

Seconded Employee Expenses has the meaning given such term in Section 3.1(a)(ii). “Secondment” has the meaning given such term in Section 2.1(a).

Seconded Employee Expenses means each of those costs set forth on Schedule III. “Services” has the meaning set forth in Section 2(c)(i).

Examples of Seconded Employee Expenses in a sentence

As such, if the Period of Secondment begins on other than the first day of a month or ends on other than the last day of a month, the Seconded Employee Expenses for such month shall be prorated based on the number of days during such month that the Period of Secondment was in effect.
The Partnership Group has the right to review and dispute the allocation schedule prior to paying the HEP Seconded Employee Expenses to the HollyFrontier Group.
Subject to the HollyFrontier Group’s right to be reimbursed for such expenses in accordance with the Accounting Procedures, each HollyFrontier Group Member shall pay all expenses incurred by it in connection with the retention of the HEP Seconded Employees and such other Persons, including, but not limited to, the HEP Seconded Employee Expenses, as defined in Exhibit D.
It is understood that the Partnership Group shall be liable for HEP Seconded Employee Expenses to the extent, and only to the extent, they are attributable to the Period of Secondment.
It is understood and agreed that GP shall be liable for Seconded Employee Expenses to the extent, and only to the extent, they are attributable to the Period of Secondment.

More Definitions of Seconded Employee Expenses

Seconded Employee Expenses has the meaning set forth in Section 3.2. “Secondment” means each assignment of any Seconded Employees to GP from the Operators in accordance with the terms of this Agreement. “Services Reimbursement” has the meaning set forth in Section 3.1. “Shared Seconded Employees” has the meaning set forth in Section 2.2. “Termination Costs” means all liabilities incurred in connection with or arising out of the withdrawal, departure, resignation or termination of employment (whether actual or alleged constructive termination) of any Seconded Employee, including, without limitation, liabilities relating to or arising out of any claim of discrimination or other illegality in connection with such withdrawal, departure, resignation or termination, including cost of defense of such claims, and also including severance payments and benefits paid to a Seconded Employee in return for a release of claims. 1.2

Seconded Employee Expenses for any period of time means the sum for every Seconded Employee of Allocated Costs paid by AUI to ARC in respect of such Seconded Employee for such period of time pursuant to the Employees Leasing Agreement, dated as of October 1, 2015, between AUI and ARC ("Employees Leasing Agreement"). For purposes of clarity, "Allocated Costs" are defined in the Employees Leasing Agreement as NB x C x D, where: A= the Seconded Employee's annual salary and target bonus; B = the sum of the annual salaries and target bonuses for all United States officers and employees of ARC ( other than officers or employees whose primary responsibilities relate to ARC's Facultative Division); C = the percentage of such Seconded Employee's time dedicated to the provision of Insurance Services (as that term is defined in the Employees Leasing Agreement) pursuant to the Employees Leasing Agreement during such period of time; and D = 105.0% of the operating expenses of ARC's United States offices (other than operating expenses for ARC's Facultative Division) for such period of time.

Seconded Employee Expenses. For the avoidance of any doubt, the Seconded Employee Expenses shall not include any payments made to Seconded Employees under Anadarko’s Value Creation Plan (or any successor plan thereto) and the excess of actual bonus amounts awarded under Anadarko’s Annual Incentive Plan (“AIP”) to any Seconded Employee over 120% of such Seconded Employee’s AIP bonus target (collectively, “Excess Bonus Expenses”). Where it is not reasonably practicable to determine the cost of such a cost or expense, Anadarko or the applicable Anadarko Entity may make a good faith reasonable estimate of such cost or expense (and provided that any such estimates, other than with respect to benefit load, are “trued up” within 10 days of the end of each quarter based on the actual amount of the expenses, expenditures or payments in respect of which estimates were made in the immediately preceding quarter). Anadarko or the applicable Anadarko Entity may include the costs and expenses described in (b) through (i) above in a percentage benefit load based upon the amount of costs and expenses incurred in (a) above. Subject to the parenthetical clause included in this paragraph, the General Partner shall accept any estimate or benefit load described in this paragraph, provided that such estimate is reasonable and made in good faith.

Seconded Employee Expenses remain the primary legal responsibility of the General Partner as the employer of the Seconded Employees during the Secondment Period. Anadarko agrees to act as agent for the General Partner in paying the Seconded Employee Expenses of the employees temporarily assigned under this Secondment Agreement. Anadarko agrees to indemnify and hold the General Partner harmless from any and all Losses incurred by the General Partner or any of the other Partnership Entities related to Anadarko’s failure to carry out its duties as agent for the payment of the Seconded Employee Expenses as set forth above, except to the extent that such Losses arise solely out of or result solely from the negligence, gross negligence or willful misconduct of any of the Partnership Entities.

Seconded Employee Expenses for any period of time means the sum for every Seconded Employee of Allocated Costs. “Allocated Costs” means A/B x C x D x E, where: A = the Seconded Employee’s annual salary and target bonus; B = the sum of the annual salaries and target bonuses for all officers and employees of ARL; C = the percentage of such Seconded Employee’s time dedicated to the provision of services pursuant to this Agreement during such period of time; D = the operating expenses for such period of time of ARL; and E = a factor equal to (i) 1.00 as respects Seconded Employee time dedicated to the provision of Underwriting Services, or (ii) 1.10 as respects Seconded Employee time dedicated to the provision of services other than Underwriting Services.