Budget and Contributions Sample Clauses

Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget estimate and financial statement of the WTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration shall propose to the General Council financial regulations which shall include provisions setting out: (a) the scale of contributions apportioning the expenses of the WTO among its Members; and (b) the measures to be taken in respect of Members in arrears. The financial regulations shall be based, as far as practicable, on the regulations and practices of GATT 1947. 3. The General Council shall adopt the financial regulations and the annual budget estimate by a two-thirds majority comprising more than half of the Members of the WTO. 4. Each Member shall promptly contribute to the WTO its share in the expenses of the WTO in accordance with the financial regulations adopted by the General Council.
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Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget estimate and financial statement of the WTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration shall propose to the General Council financial regulations which shall include provisions setting out: (a) the scale of contributions apportioning the expenses of the WTO among its Members; and (b) the measures to be taken in respect of Members in arrears. The financial regulations shall be based, as far as practicable, on the regulations and practices of GATT 1947. 3. The General Council shall adopt the financial regulations and the annual budget estimate by a two-thirds majority comprising more than half of the Members of the WTO. 4. Each Member shall promptly contribute to the WTO its share in the expenses of the WTO in accordance with the financial regulations adopted by the General Council. 1. The WTO shall have legal personality, and shall be accorded by each of its Members such legal capacity as may be necessary for the exercise of its functions. 2. The WTO shall be accorded by each of its Members such privileges and immunities as are necessary for the exercise of its functions. 3. The officials of the WTO and the representatives of the Members shall similarly be accorded by each of its Members such privileges and immunities as are necessary for the independent exercise of their functions in connection with the WTO. 4. The privileges and immunities to be accorded by a Member to the WTO, its officials, and the representatives of its Members shall be similar to the privileges and immunities stipulated in the Convention on the Privileges and Immunities of the Specialized Agencies, approved by the General Assembly of the United Nations on 21 November 1947. 5. The WTO may conclude a headquarters agreement. 1. The WTO shall continue the practice of decision-making by consensus followed under GATT 1947.1 Except as otherwise provided, where a decision cannot be arrived at by consensus, the matter at issue shall be decided by voting. At meetings of the Ministerial Conference and the General Council, each Member of the WTO shall have one vote. Where the European Comm...
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Budget and Contributions. 6.1 The Budget for the Project shall be as set out in Schedule 4 as may be amended from time to time with the prior approval of the Lead and, where required, by the Funder. Any monies paid by the Lead to the Partner shall be paid by the Lead to the Partner on the same terms and conditions as the contract from the Funder and subject to the funds actually made available to the Lead. 6.2 All monies paid by the Lead to the Partner under this agreement will only be used to provide the activities under the Project. 6.3 Payments, as set out in Schedule 4, will be made by the Lead to the Partner within 14 days of receipt from the Funder. 6.4 If the Partner spends less than the whole amount of funding received by it under this agreement in any given financial year, it shall promptly reimburse such unspent funding to Lead, unless the partner has approval in writing from the lead to amend the project budget as described in 5.1. 6.5 The Lead may at any time withhold, suspend or cease payment of all or any of the contract funding if is not satisfied that the Partner is in compliance with any provision of this Agreement. 6.6 The Partner shall not incur liabilities that are not included in the budget. In the event that the Partner does so it shall not be entitled to any indemnity or reimbursement of such liability. 6.7 The Partner acknowledges that the contract funding is not consideration for any taxable supply for VAT purposes by the Lead to them. The Partner understands that the Lead’s obligation does not extend to paying them any amounts in respect of VAT in addition to the contract and that the contract made by the Lead is inclusive of VAT (if any). 6.8 If required by the Funder and/or the Lead the Partner agrees to immediately repay the Lead any VAT recovered whether by set-off, credit or repayment to the extent that any such VAT cost is included in the contract. 6.9 The Partner agrees to immediately notify the Lead if any irrecoverable VAT claimed under the contract becomes recoverable.
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Budget and Contributions. The procedure for adopting budgets is as set forth in this subsection.
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Budget and Contributions. The Management Committee identified in Section 2 of the Master Services Agreement will determine the allocation of contributions by ARC and CFT in support of this Project as outlined in Section 4.3 and 4.4 of the Master Services Agreement. These allocations will be reviewed and adjusted as required to accommodate additional projects created under the Master Services Agreement. Neither ARC or CFT will be required to make contributions of any nature in excess of those agreed upon pursuant to the Master Services Agreement, or by the Management Committee in accordance with this Part 2.
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Budget and Contributions. Refer clause 4.5 3.1 The table below provides a breakdown of the expected project expenditure. However, a budget expenditure report must be provided to Austrade with each milestone report. The budget report must detail monthly expenditure against both the grant funding and recipient contribution. The budget template you are required to use for future milestone reports will be provided electronically by Austrade as Attachment A. 3.2 Milestone payments are subject to submission of a satisfactory report accepted by Austrade and must include a budget expenditure report completed on the template provided by Austrade. If you have not expended sufficient grant funds at the time you submit your milestone report your milestone payment will be withheld until such time that you can show evidence of sufficient expenditure against the grant funding you have received. Salaries –(list Individually) Consultants Other Airfares Travel Allowance Accommodation Other – Cabs etc. Office Costs Printed Material Merchandise Other
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Budget and Contributions. 1. The Director-General shall present to the Committee on Budget, Finance and Administration the annual budget estimate and financial statement of the WTO. The Committee on Budget, Finance and Administration shall review the annual budget estimate and the financial statement presented by the Director-General and make recommendations thereon to the General Council. The annual budget estimate shall be subject to approval by the General Council. 2. The Committee on Budget, Finance and Administration shall propose to the General Council financial regulations which shall include provisions setting out:
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Related to Budget and Contributions

  • FINANCIAL CONTRIBUTIONS (§5.d): Owner shall use reasonable efforts to seek contributions and grants from Capital Metro Transit Authority (CMTA) and Xxxxxx County.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

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