Compensation Restrictions. The salary rates (excluding overhead) charged to this agreement shall be limited to the maximum annual rate specified in section IV.F.3 of the NOFO.
Compensation Restrictions. The salary rates (excluding overhead) charged to this Agreement shall be limited to the maximum annual rate specified in section IV.F.3 of the NOFA.
(1) This Agreement incorporates the requirements of 2 CFR 200.414.
(2) The Recipient is only entitled to reimbursement of indirect costs, if the Recipient has a current Federally-approved and negotiated indirect cost rate agreement, or has submitted its first indirect cost rate proposal to its cognizant federal agency for review and approval, or if the Recipient is eligible to use the 10 percent de minimus rate per 2 CFR 200.414(f). If the Recipient is seeking reimbursement of indirect costs, the Recipient is responsible for maintaining an approved rate for the life of the award. The Recipient is required to reconcile the difference between its provisional indirect cost rate and final rate for the same year. The Recipient is not entitled to more than the unspent award amount, for underpayments.
Compensation Restrictions. The salary rates (excluding overhead) charged to this Agreement shall be limited to the maximum annual rate specified in the applicable NOFO.
