Grant Compensation Sample Clauses

Grant Compensation. 10.1. Compensation related to grants shall comply with and be subject to the regulations stated in 2 C.F.R. § 220 (OMB circular A-2), as those may change from time to time. 10.2. A BUFM doing work on a sponsored agreement during the BUFM’s regular base contract year shall be compensated by regular base contract compensation and shall receive no additional compensation except as expressly provided by the terms of the grant documents or this agreement. Additions to base salary for grant-related work must be approved in writing by the Xxxx of the BUFM’s college. 10.3. Compensation for work performed by BUFMs on sponsored agreements during the summer months or other period not included in the base salary period shall be determined for each BUFM and shall be not more than the base salary rate pro- rated for the summer months or other period. Compensation for grant-related work performed outside the base salary period shall be in addition to any summer teaching contract. 10.4. The base salary period used in computing charges for work performed during the summer months shall be the number of months covered by the BUFM’s official academic year appointment. 10.5. The principles of 2 C.F.R. § 220 (OMB circular A-2) shall govern all sponsored agreement/grant funded work. Compensation in excess of the BUFM’s base salary rate shall be paid for sponsored agreement/grant-related work only if: (a) the extra compensation is approved by the granting agency; (b) the extra compensation does not exceed twenty percent (20%) of the BUFM’s base salary; (c) the extra compensation is less than the amount given in stipend and/or graduate student support on the grant; and (d) the extra compensation is approved in advance by the Xxxx of the BUFM’s college.
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Grant Compensation. 12.1. Compensation related to grants shall comply with and be subject to the regulations stated in 2 C.F.R. § 220 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards), as those may change from time to time. 12.2. A BUFM doing work on a sponsored agreement during the BUFM’s regular base contract year shall be compensated by regular base contract compensation and shall receive no additional compensation except as expressly provided by the terms of the grant documents or this agreement. Additions to base salary for grant-related work must be approved in writing by the Xxxx of the BUFM’s college. 12.3. Compensation for work performed by BUFMs on sponsored agreements during the summer months or other period not included in the base salary period shall be determined for each BUFM and shall be not more than the base salary rate pro- rated for the summer months or other period. Compensation for grant-related work performed outside the base salary period shall be in addition to any summer teaching contract. 12.4. The base salary period used in computing charges for work performed during the summer months shall be the number of months covered by the BUFM’s official academic year appointment. 12.5. The principles of 2 C.F.R. § 220 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards) shall govern all sponsored agreement/grant funded work. Compensation in excess of the BUFM’s base salary rate shall be paid for sponsored agreement/grant-related work only if: (a) the extra compensation is approved by the granting agency; (b) the extra compensation does not exceed twenty percent (20%) of the BUFM’s base salary;
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Grant Compensation. All compensation for professional services, reimbursement of expenses, general and administrative expenses and the like payable to LEA under the Grants, and any amendments thereto, after payment of all expenses of performing the Grant Requirements, including subcontractor payments, material costs, subsistence, permits and other costs of performance; provided however, LEA shall only be entitled to such compensation and reimbursement of expenses from payments actually made under the Grants, and, to the extent IAE has provided1 credit support as provided for in paragraph 7 below, on the condition that LEA timely performs its obligations to IAE under paragraph 3 above. LEA shall remain solely liable for reimbursement for any overpayments or improper payments made to LEA under the Grants. LEA shall further indemnify and hold IAE harmless from all losses, expenses, judgments, claims or liabilities arising out of LEA's failure to perform or defective performance of the Grant Requirements. I
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Grant Compensation. For the avoidance of doubt, Xxxxxxxxxx shall remain entitled to receive 1% of the total value of any grant and/or funding award obtained by the Company as a direct result of Xxxxxxxxxx’x introduction and/or efforts payable in the Company’s common stock based on the value of the Company’s common stock on the date the relevant award agreement is executed.
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Related to Grant Compensation

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Nonqualified Deferred Compensation (a) It is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be deferred compensation subject to Section 409A of the Code shall be paid and provided in a manner, and at such time and form, as complies with the applicable requirements of Section 409A of the Code to avoid the unfavorable tax consequences provided therein for non-compliance. (b) Neither Company nor Executive shall take any action to accelerate or delay the payment of any monies and/or provision of any benefits in any manner which would not be in compliance with Section 409A of the Code (including any transition or grandfather rules thereunder). (c) Because Executive is a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code, any payments to be made or benefits to be delivered in connection with Executive’s “Separation from Service” (as determined for purposes of Section 409A of the Code) that constitute deferred compensation subject to Section 409A of the Code shall not be made until the earlier of (i) Executive’s death or (ii) six months after Executive’s Separation from Service (the “409A Deferral Period”) as required by Section 409A of the Code. Payments otherwise due to be made in installments or periodically during the 409A Deferral Period (“Delayed Payments”) shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payment shall be made as otherwise scheduled. Any such benefits subject to the rule may be provided under the 409A Deferral Period at Executive’s expense, with Executive having a right to reimbursement from Company once the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise scheduled. Any Delayed Payments shall bear interest at the United States 5-year Treasury Rate plus 2%, which accumulated interest shall be paid to Executive as soon as the 409A Deferral Period ends. (d) For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code. (e) Notwithstanding any other provision of this Agreement, neither Company nor its subsidiaries or affiliates shall be liable to Executive if any payment or benefit which is to be provided pursuant to this Agreement and which is considered deferred compensation subject to Section 409A of the Code otherwise fails to comply with, or be exempt from, the requirements of Section 409A of the Code.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Equity-Based Compensation The Executive shall retain all rights to any equity-based compensation awards to the extent set forth in the applicable plan and/or award agreement.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • CONSULTANT’S COMPENSATION Consultant’s Compensation means the fees and expenses incurred directly in connection with the performance or furnishing of Basic and Additional Services for which the Owner shall pay the Consultant as indicated in Exhibit A.

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

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