Method of Computing Hourly Compensation Sample Clauses

Method of Computing Hourly Compensation. For Services paid for on an hourly basis, the SFMTA shall pay Contractor the applicable hourly rates in Appendix B, “Calculation of Charges” plus a fixed contractor fee, the sum of which equals the fully burdened hourly rates. The hourly rate shall be the sum of the applicable unburdened hourly rate and overhead rate shown in Appendix B. The fixed contractor fee shall cover profit, non- compensable overhead, and other operating costs. Contractor’s ▇▇▇▇-up for managing Subcontractors shall be no more than 5% of the fully burdened hourly rate.
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Method of Computing Hourly Compensation. (a) Fully Burdened Hourly Labor Rates: The fully burdened hourly labor rates in Appendix B include all direct labor costs, indirect/overhead costs, and services such as reproduction, administrative staff assistance. These hourly labor rates shall be fixed at that level until 12 months after date of effective date of this Agreement. Thereafter, during the term of this Agreement, Contractor may request to escalate these hourly labor rates based on the annual percentage change in the Consumer Price Index for All Urban Consumers for the San Francisco-Oakland-Hayward area (CPI-U). Contractor must request any escalation of these rates no later than 30 days before the anniversary of the Effective Date of this Agreement, and failure to timely do so may result in a denial of the request. Any requests for escalation of hourly labor rates must include evidence of the change in the CPI-U. The SFMTA will review all requests for escalation of fees within 30 days of receipt and notify Contractor of either an approval or denial. If approved, the new rates will be approved under a contract modification signed by the both parties. In no event will the start of the new rates be backdated unless it can be shown that there was a delay on the part of the SFMTA in reviewing the request for escalation of rates.
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Related to Method of Computing Hourly Compensation

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.