Common use of Duration — Amount of penalty Clause in Contracts

Duration — Amount of penalty. Calculation Administrative penalties exclude the beneficiary from all contracts and grants financed from the EU or Euratom budget for a maximum of five years from the date the infringement is established by the Agency. Financial penalties will be between 2% and 10% of the maximum EU contribution in the estimated budget (see Annex 2).

Duration — Amount of penalty. Calculation Administrative penalties exclude the beneficiary from all contracts and grants financed from the EU or Euratom budget for a maximum of five years from the date the infringement is established by the Agency. 1. Financial If the beneficiary commits another infringement within five years of the date the first infringement is established, the Agency may increase the rate of financial penalties will be to between 24% and 10% of the maximum EU contribution in the estimated budget (see Annex 2)20%.