Development Grant Clause Samples
A Development Grant clause outlines the terms under which one party provides funding to another specifically for the purpose of developing a project, product, or service. This clause typically details the amount of funding, the milestones or deliverables required to receive payments, and any reporting or oversight obligations. By clearly defining the expectations and conditions for the grant, this clause ensures that both parties understand their roles and responsibilities, thereby reducing the risk of disputes and supporting the successful completion of the development objectives.
Development Grant. For the development activities for the development of a new development platform, 3a shall receive a remuneration of up to EUR along the remuneration milestones agreed in Annex 6.1 (b). The development grant is due for payment within 14 days of signing this agreement and after the respective milestones have been reached and a corresponding invoice has been received.
Development Grant. All employees will be entitled to apply for a Development Grant. A Development Grant is a privilege and not a right. Hence the granting of a Development Grant and the financial assistance provided is at the discretion of the Director. In considering applications, the Director will consider:
(a) previous Development Grants taken by the employee;
(b) direct relevance of the development to the employee’s work;
(c) the significance of the development programme to the employer’s goals and priorities;
(d) competing Development Grant applications in the same area;
(e) the impact on contract work; and
(f) financial considerations of the employer.
9.2.1 Financial assistance will be subject to annual budgeted funds for this purpose. Details of the criteria, procedures, and financial assistance available are set out in Ngā Aratohu Kaimahi.
9.2.2 Part-time employees are eligible for Development Grants on a pro rata basis. Support and financial assistance will apply on an equal basis to full-time, fixed term, and permanent employees and on a pro-rata basis for part-time employees.
Development Grant. Funding is available through OSEP to support NOCs develop the “Sport Education Framework in Oceania” in their countries with partners
Development Grant. Provided that the AFID Grant and the Matching Grant have been funded by the City pursuant to Section 3.A. above and received by the Authority, and further provided the City has paid and disbursed to the Authority the Development Grant, the Authority will, within thirty (30) days of its receipt of the Development Grant proceeds, disburse the same, at the Authorities’ option, to either the Company or the closing agent conducting the closing on behalf of the Company, to be used by the Company for the sole purpose of acquiring, developing and constructing the Facility by the Completion Date.
Development Grant. The City shall pay and disburse to the Authority the Development Grant by 2017. Within thirty (30) days of the receipt of the same, the Authority shall disburse the Development Grant to the Company in accordance with the terms and purpose of the ▇▇▇ ▇▇▇▇▇ Agreement.
Development Grant. Provided that the initial construction required by Section 1 is timely completed, and time shall be of the essence, the Village shall provide development grants to offset a portion of the cost of such construction that reflects the extent to which such costs exceed what TDS would expend under its normal business practices. The terms and conditions of such grants shall be as follows: