Non-Profit Entities Clause Samples
The Non-Profit Entities clause defines how the agreement applies to organizations that are legally recognized as non-profit. Typically, this clause clarifies whether certain terms, such as payment obligations, liability, or usage rights, are modified or exempted for non-profit organizations. For example, it may specify reduced fees, special licensing terms, or reporting requirements tailored to non-profits. The core function of this clause is to ensure that the unique status and operational constraints of non-profit entities are appropriately addressed, thereby providing fair and practical terms for such organizations.
Non-Profit Entities. (1) If the Contractor is a non-profit entity and organized as a corporation, the Contractor shall submit disclosures in accordance with Article 6.5.1 of this attachment.
(2) If the Contractor is a non-profit entity but not a corporation, the Contractor shall submit Managing Employee disclosures for all of the Contractor’s individuals who meet the definition of a Managing Employee.
Non-Profit Entities. If the STAR+PLUS MMP is a non-profit entity that is a component or subsidiary of a County Hospital District, or otherwise a political subdivision or entity of government, then submit the most recent annual governmental financial statements as prepared under the relevant rules or statutes governing annual financial reporting and disclosure for the STAR+PLUS MMP, including all attachments, schedules and supplements. 446
Non-Profit Entities. In entering into contracts under paragraph (1), the Director shall ensure that at least one contract is entered into with a non-profit en- tity.