How is Fringe Cost defined in a legal contract?
- Fringe Cost means expenses related to the payroll of employees who are directly involved in service provision. These costs include non-productive time such as vacation, holidays, and illness periods, direct benefits like retirement plans, insurance, saving plans, the expenses incurred in profit sharing, and the taxes paid on the payroll by the [organization]. Seen in 3 SEC filings
- Fringe Cost means similar payroll-related expenses of employees who are directly involved in service provision. It includes non-productive time periods like vacation, holidays, and illness, direct benefits such as retirement plans, insurance, and saving plans as well as expenses of performance sharing and taxes on the payroll paid by the [organization]. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of fringe cost' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Fringe Cost means payroll expenses, including non-productive time, direct benefits, profit sharing costs, and [organization]-paid taxes.
Relevant Contract Types
Relevant Circumstances
- Businesses seeking to calculate the total cost of human resources.
- Organizations determining the overall cost of a project.
- Firms wanting to evaluate the financial impact of benefits and non-productive time.
- Businesses in the process of payroll budgeting and planning.
Relevant Sectors
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Fringe Cost means payroll expenses, including non-productive time, direct benefits, profit sharing costs, and [organization]-paid taxes
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