Eligibility Criteria for Extending Matching Grants Sample Clauses

Eligibility Criteria for Extending Matching Grants. (a) All private business operators in all sectors of the Recipient’s economy shall be eligible to apply for Matching Grants which shall be made on a "first-come, first- served" basis. The Matching Grant activity shall qualify either as consultant services or training under Part B.2 of the Project. (b) For an applicant to qualify for a Matching Grant, it must: (i) have a plan for building competitiveness and business outgrowth and capacity in relation thereto; (ii) incorporate in the plan's design, features enabling the plan’s outputs to be measured and verified; (iii) furnish sufficient evidence showing that the activity to be financed from the Matching Grant is likely to strengthen and improve said private business operator’s performance under its business plan; and (iv) furnish with its application such other evidence as the Recipient shall, with the prior agreement of the Association, reasonably request. (c) A Matching Grant shall not be made to any one private business operator in an aggregate amount exceeding CFAF 70,000,000; said amount being subject to modification by the Recipient in consultation with the Association. (i) The PSC shall approve each proposal for a Matching Grant in an amount exceeding FCFA 35,000,000; and (ii) Matching Grants Management Team shall approve each proposal for Matching Grants in an amount not exceeding FCFA 35,000,000. The Recipient may, with the prior agreement of the Association, modify the procedures described in this paragraph for the approval of Matching Grants. (e) The contribution of a private sector business operator to the costs of procuring technical advisory services and training to be financed out of proceeds of a Matching Grant shall be 50% of the value of the services financed out of the Matching Grant.
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Eligibility Criteria for Extending Matching Grants. All private business operators in all sectors of the Recipient’s economy shall be eligible to apply for Matching Grants which shall be made on a "first-come, first-served" basis. The Matching Grant activity shall qualify either as consultant services or training under Part B.2 of the Project.
Sample 1Sample 2

Related to Eligibility Criteria for Extending Matching Grants

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION [Not applicable in School District No. 62 (Sooke)]

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

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