Common use of General & Administrative Expenses Clause in Contracts

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. 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 ProjectHyperledger Foundation’s first $1,000,000 of gross receipts and 6% of the ProjectHyperledger Foundation’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 Hyperledger Foundation that is inconsistent with the tax exempt purpose of The Linux Foundation.

General & Administrative Expenses. a. The Governing Board shall be responsible for allocation of the project’s budget. 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, Accounting and operations. The G&A fee shall equal 9% of the ProjectCIP’s first $1,000,000 of gross receipts and 6% of the ProjectCIP’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 CIP that is inconsistent with the tax exempt purpose of The Linux Foundation...

General & Administrative Expenses. a. The Governing Board shall be responsible for allocation of the project’s budget. 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, Accounting and operations. The G&A fee shall equal 9% of the ProjectCIP’s first $1,000,000 of gross receipts and 6% of the ProjectCIP’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 CIP that is inconsistent with the tax exempt purpose of The Linux Foundation.