Net Cost Clause Samples

The Net Cost clause defines how the actual cost incurred by a party, after accounting for deductions such as discounts, rebates, or recoveries, is calculated for a particular transaction or service. In practice, this clause ensures that only the true out-of-pocket expenses are considered, excluding any amounts that are offset by third-party payments or cost recoveries. By establishing a clear method for determining net cost, the clause helps prevent disputes over reimbursement amounts and ensures that parties are only compensated for their genuine financial expenditures.
Net Cost. Net cost computation will be as follows: sabbatical cost shall be equal to teacher's sabbatical salary plus replacement teacher salary plus fringes for both, minus teacher's salary and fringes if not on sabbatical.
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Net Cost. “Net cost” means total cost minus sales promotion, marketing, and after- sales service costs, royalties, shipping and packing costs, and non-allowable interest costs that are included in the total cost;
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Net Cost. 1. If Annex 3-D (Product-Specific Rules of Origin) specifies a regional value content requirement to determine whether an automotive good of subheading 8407.31 through 8407.34, 8408.20, subheading 8409.91 through 8409.99, heading 87.01 through 87.09 or heading 87.11 is originating, each Party shall provide that the requirement to determine the origin of that good based on the Net Cost Method is calculated as set out under Article 3.5 (Regional Value Content). 2. For the purposes of this Article:
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Net Cost. The actual net cost to Seller of an item, after all -------- rebates and credits have been issued, including freight charges (if any) that have been paid by Seller to the manufacturer.
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Net Cost. 1. For the purpose of this Article, the following definitions apply, in addition to those set out in Article 1: motor vehicle means a product of subheading 8703.21 through 8703.90; net cost means total cost minus sales promotion, marketing and after‑sales service costs, royalty, shipping and packing costs, and non‑allowable interest cost that are included in the total cost; non‑allowable interest cost means interest costs incurred by a producer that exceed 700 basis points above the applicable national government interest rate identified for comparable maturities; royalty means payments of any kind, including payments under technical assistance or similar agreements, made as consideration for the use or right to use any copyright, literary, artistic, or scientific work, patent, trademark, design, model, plan, secret formula or process, excluding those payments under technical assistance or similar agreements that can be related to specific services such as: (a) personnel training, without regard to where it is performed; and (b) if performed in the territory of one or both of the Parties, engineering, tooling, die‑setting, software design and similar computer services, or other services; sales promotion, marketing, and after‑sales service costs means the following costs related to sales promotion, marketing, and after‑sales service: (a) sales and marketing promotion; media advertising; advertising and market research; promotional and demonstration materials; exhibits; sales conferences, trade shows and conventions; banners; marketing displays; free samples; sales, marketing and after‑sales service literature (product brochures, catalogues, technical literature, price lists, service manuals and sales aid information); establishment and protection of logos and trademarks; sponsorships; wholesale and retail restocking charges; entertainment; (b) sales and marketing incentives; consumer, retailer or wholesaler rebates; merchandise incentives; (c) salaries and wages; sales commissions; bonuses; benefits (for example, medical, insurance, and pension); travelling and living expenses; and membership and professional fees for sales promotion, marketing, and after‑sales service personnel; (d) recruiting and training of sales promotion, marketing, and after‑sales service personnel, and after‑sales training of customers' employees, if those costs are identified separately for sales promotion, marketing, and after‑sales service of products on the financial statements o...
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Net Cost. $ ------------------------------------------------------------- (NET COST ILLUSTRATION MUST BE SUBMITTED) 9. CONTRIBUTIONS (COMPLETE ONLY IF CONTRIBUTION BASIS POST-AUGUST 13, 1982 AND FURTHER CONTRIBUTIONS ANTICIPATED) a. Reminder Notice (Billing) Required |_| Yes |_| No IF YES, complete B-C-D b. Reminder Frequency: |_| Annual |_| Semi-Annual |_| Quarterly For Salary Allotment Only: |_| Monthly |_| Semi-Monthly |_| Bi-Weekly c. First Reminder Date (IF SALARY ALLOTMENT, MUST AGREE WITH EXISTING UNIT OR ATTACHED 983-2357 FORM): Mo. Day ------------- ------------- d. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ $ ------------------------------------------------------- (CONTRIBUTIONS MUST BE AT LEAST $50.) 10. EXPECTED FIRST PARTICIPATION YEAR CONTRIBUTION $ ---------------------------- (MUST BE AT LEAST $1,000 OR $600 IF SALARY ALLOTMENT) FOR SALARY ALLOTMENT ONLY: IF AN ADVANCED PARTICIPATION DATE IS REQUESTED, COMPLETE #9C AND #13. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- (FOR PROCESSING OFFICE USE) Unit Name Cert or App. # --------------------------- ------------------------ Frequency Reminder Date --------------------------- ------------------------- Amendment Required Participation Date ------------------ -------------------- ---------------------------------------------------------------------------- Receipt Date | Batch # | Inquiry # | Processor ---------------------------------------------------------------------------- -------------------------------------------------------------------------------- 983-2356A-PA (8-87) Cat. #121442
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Net Cost. 1. For the purpose of this Article, the following definitions apply, in addition to those set out in Article 1: (a) personnel training, without regard to where it is performed; and (b) if performed in the territory of one or both of the Parties, engineering, tooling, die-setting, software design and similar computer services, or other services; (a) sales and marketing promotion; media advertising; advertising and market research; promotional and demonstration materials; exhibits; sales conferences, trade shows and conventions; banners; marketing displays; free samples; sales, marketing and after-sales service literature (product brochures, catalogues, technical literature, price lists, service manuals and sales aid information); establishment and protection of logos and trademarks; sponsorships; wholesale and retail restocking charges; entertainment; (b) sales and marketing incentives; consumer, retailer or wholesaler rebates; merchandise incentives; (c) salaries and wages; sales commissions; bonuses; benefits (for example, medical, insurance, and pension); travelling and living expenses; and membership and professional fees for sales promotion, marketing, and after-sales service personnel; (d) recruiting and training of sales promotion, marketing, and after-sales service personnel, and after-sales training of customers' employees, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer; (e) product liability insurance; (f) office supplies for sales promotion, marketing, and after-sales service of products, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer; (g) telephone, mail, and other communications, if those costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer; (h) rent and depreciation of sales promotion, marketing, and after-sales service offices and distribution centres; (i) property insurance premiums, taxes, cost of utilities, and repair and maintenance of sales promotion, marketing, and after-sales service offices and distribution centres, where such costs are identified separately for sales promotion, marketing, and after-sales service of products on the financial statements or cost accounts of the producer; a...
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Related to Net Cost

  • Project Cost An updated cost spreadsheet reflecting the current forecasted cost vs. the latest approved budget vs. the baseline budget should be included in this section. One way to track project cost is to show: (1) Baseline Budget, (2) Latest Approved Budget, (3) Current Forecasted Cost Estimate, (4) Expenditures or Commitments to Date, and (5) Variance between Current Forecasted Cost and Latest Approved Budget. Line items should include all significant cost centers, such as prior costs, right-of-way, preliminary engineering, environmental mitigation, general engineering consultant, section design contracts, construction administration, utilities, construction packages, force accounts/task orders, wrap-up insurance, construction contingencies, management contingencies, and other contingencies. The line items can be broken-up in enough detail such that specific areas of cost change can be sufficiently tracked and future improvements made to the overall cost estimating methodology. A Program Total line should be included at the bottom of the spreadsheet. Narratives, tables, and/or graphs should accompany the updated cost spreadsheet, basically detailing the current cost status, reasons for cost deviations, impacts of cost overruns, and efforts to mitigate cost overruns. The following information should be provided:

  • At Cost Any of the above services when performed outside regular working hours of Agent may be billed at 150 percent of the above.

  • Total Project Cost With regard to any Real Property acquired prior to or during the development, construction or improvement stages, all hard and soft costs and expenses paid or incurred by or on behalf of the Corporation that are in any way related to the development, construction, improvement or stabilization (including tenant improvements) of such Real Property, including, but not limited to, any debt, whether borrowed or assumed, land and construction costs.

  • Estimated Cost Estimated costs by construction phases for Specified Roads listed in A7 are stated by segments in the Schedule of Items. Such estimated costs are subject to adjustment under B3.3, B5.2, B5.21, B5.212, B5.25, and B5.26. Appropriately adjusted costs shall be made a part of a revised Schedule of Items and shown as adjustments to Timber Sale Account. The revised Schedule of Items shall supersede any prior Schedule of Items when it is dated and signed by Contracting Officer and a copy is furnished to Purchaser.

  • Total Cost It is estimated that the total cost to Princeton University for the performance of this Contract shall not exceed the Not-to-Exceed Price set forth in the Contract and the Contractor agrees to use its best efforts to perform the Work specified in the Contract and all obligations under this Contract within such Not-to- Exceed Price. If at any time the Contractor has reason to believe that the hourly rate payments and material costs that will accrue in performing this Contract in the next succeeding thirty (30) days, if added to all other payments and costs previously accrued, will exceed eighty-five percent (85%) of the Not-to-Exceed Price in the Contract, the Contractor shall notify Princeton University giving a revised estimate of the total price for performing this Contract with supporting reasons and documentation. If at any time during performing this Contract, the Contractor has reason to believe that the total price to Princeton University for performing this Contract will be substantially greater or less than stated Not-to-Exceed Price, the Contractor shall so notify Princeton University, giving a revised estimate of the total price for performing this Contract, with supporting reasons and documentation. If at any time during performance of this Contract, Princeton University has reason to believe that the cost required to perform the Work of this Contract will be substantially greater or less than the stated Not-to-Exceed Price, Princeton University will so advise the Contractor, giving the then- revised estimate of the total amount of effort to be required under the Contract.