General & Administrative Expenses a) The Linux Foundation will have custody of and final authority over the usage of any fees, funds and other cash receipts.
b) A General & Administrative (G&A) fee will be applied by the Linux Foundation to funds raised to cover Finance, Accounting, and operations. The G&A fee will be 9% of the Directed Fund’s first $1,000,000 of gross receipts each year and 6% of the Directed Fund’s gross receipts each year over $1,000,000.
General & Administrative Expenses a. The Linux Foundation shall have custody of and final authority over the usage of any fees, funds and other cash receipts.
b. A General & Administrative (G&A) fee will be applied by the Linux Foundation to funds raised to cover Finance, Accounting, and operations. The G&A fee shall equal 9% of the Project’s first $1,000,000 of gross receipts and 6% of the Project’s gross receipts over $1,000,000.
c. Under no circumstances shall The Linux Foundation be expected or required to undertake any action on behalf of the Project that is inconsistent with the tax exempt purpose of The Linux Foundation.
General & Administrative Expenses. Holdings and its Subsidiaries shall not spend more than $45,000,000 in cash per Fiscal Year on general and administrative expenses, including any and all (a) director fees and management fees paid in cash and (b) payments under the Services Agreement or the Shared Services Agreement; but excluding all fees, costs and expenses related to the Transactions, the Qualified IPO, any Permitted Acquisitions, any other Permitted Investments and any Permitted Debt and all other items, fees, costs and expenses deemed by Borrower to be non-recurring.
General & Administrative Expenses. Permit, as of the close of any fiscal quarter, general and administrative expenses to exceed $225,000 for such quarter, beginning with the quarter ending June 30, 1999.
General & Administrative Expenses. The NET limits the amount of General Administrative Expense for a grant. Costs that are administrative in nature but are in direct support of a project activity should be charged to the project activity and not to General Administration. General Administration costs relate to administration of the grant and project file. General Administration Expenses shall mean those expenses related to overall administration, including (but not limited to) salaries, wages, employer’s share of social security and Medicare taxes, workers’ compensation, unemployment insurance, and employer-provided health, dental, or vision insurance premiums of Sponsor staff or others engaged in grant management, implementation, monitoring, and evaluation. General Administration Expenses shall not exceed 5% of Project Costs or $10,000, whichever is less. The following limits apply to reimbursements for General Administrative Expenses: wages, per employee, shall be limited to a 40-hour work week; the employer’s share of social security taxes and Medicare taxes on wages shall be limited to 7.65% of gross wages; the employer’s share of employer-provided health, dental, or vision insurance premiums, which shall not exceed the actual cost or up to $5.00 per hour in total, whichever is less.
