Node Subsidy Sample Clauses

Node Subsidy. 1. Phase 1: Until December 31, 2021, Hedera shall pay the direct costs incurred by Member in US Dollars. The subsidy shall be pro-rated for the number of days in the given year since the node was introduced on Mainnet. Subsidy amounts up to $25,000 shall be automatically approved. Amounts greater than $25,000 must be approved by Hedera.
AutoNDA by SimpleDocs
Node Subsidy. 1. Phase 1: Until December 31, 2021, Hedera shall pay the Member $25,000 a year in US Dollars. Until RECONNECT is operational on Mainnet, the subsidy shall be pro-rated for the number of days in the given year since the node was introduced on Mainnet. Once RECONNECT is fully operational, the subsidy shall be calculated pro-rated for the days the Node was fully operational in accordance with the uptime requirement in paragraph 7. Any Node Subsidy payments shall be calculated as of the end of the Hedera’s fiscal year. The Node Subsidy will be independent of any Node Fees and Node Rewards collected by Members who have established a Member-Controlled Node Account. Any Node Subsidy payments shall be calculated as of the end of the Hedera’s fiscal year. For any period during which a Member’s Node is a Transitional Node, such Member shall not be eligible for any Node Subsidy. For those purchasing hardware, Xxxxxx shall additionally reimburse the Member up to $20,000 for hardware acquisition costs for the node and proxy servers.
Node Subsidy. 1. Phase 1: Until December 31, 2021, Hedera shall pay the Member $25,000 a year in US Dollars, pro-rated for the number of days in the given year since the node was introduced on Mainnet. Any Node Subsidy payments shall be calculated as of the end of the Hedera’s fiscal year. The Node Subsidy will be independent of any Node Fees and Node Rewards collected by Members who have established a Member-Controlled Node Account. Any Node Subsidy payments shall be calculated as of the end of the Hedera’s fiscal year. For any period during which a Member’s Node is a Transitional Node, such Member shall not be eligible for any Node Subsidy.

Related to Node Subsidy

  • Subsidy 25.1 The Parties acknowledge that they have structured this Agreement with the objective that it is lawful and complies with the requirements of the United Kingdom Competition Requirement.

  • SUBSIDY CONTROL 29.1 The Provider should satisfy itself, if the Subsidy Control Rules apply to the Funding received in relation to the Services delivered under this Agreement. Guidance on this can be found at Complying with the UK’s international obligations on subsidy control: guidance for public authorities - XXX.XX (xxx.xxx.xx).

  • Rental Assistance (Subsidy) Rental assistance will be provided to Eligible Households who pay 30% of their monthly net income, including Florida unemployment benefits, towards their monthly rent and have experienced a loss of job or income due to COVID-19.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

  • Subsidies 1. The rights and obligations of the Parties in respect of subsidies shall be governed by Articles VI and XVI of the GATT 1994, the WTO Agreement on Subsidies and Countervailing Measures and the WTO Agreement on Agriculture.

  • Indiana Veteran’s Business Enterprise Compliance Award of this Contract was based, in part, on the Indiana Veteran’s Business Enterprise (“IVBE”) participation plan. The following IVBE subcontractors will be participating in this Contract: VBE PHONE COMPANY NAME SCOPE OF PRODUCTS and/or SERVICES UTILIZATION DATE PERCENT _____________________________________________________________________________________ _____________________________________________________________________________________ A copy of each subcontractor agreement shall be submitted to IDOA within thirty (30) days of the request. Failure to provide any subcontractor agreement may also be considered a material breach of this Contract. The Contractor must obtain approval from IDOA before changing the IVBE participation plan submitted in connection with this Contract. The Contractor shall report payments made to IVBE subcontractors under this Contract on a monthly basis. Monthly reports shall be made using the online audit tool, commonly referred to as “Pay Audit.” IVBE subcontractor payments shall also be reported to IDOA as reasonably requested and in a format to be determined by IDOA.

  • Medical Flexible Spending Arrangement A. During January 2020 and again in January 2021, the Employer will make available two hundred fifty dollars ($250) in a medical flexible spending arrangement (FSA) account for each bargaining unit member represented by a Union in the Coalition described in RCW 41.80.020(3), who meets the criteria in Subsection 28.7(B) below.

  • Export Subsidies 1. The Parties and Signatory Parties share the goal of achieving the multilateral elimination of export subsidies for agricultural products and shall cooperate in efforts to achieve an agreement within the framework of the WTO to eliminate such subsidies.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!