Permissible Costs Clause Samples
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Permissible Costs. Company and LLS have agreed that Funding shall be used as per the budget attached hereto as Exhibit C. Should additional expenditures directly related to the performance of the Research Program be required, Company shall so notify the Research Advisory Committee, and the Parties agree to collaborate to determine if these expenditures shall be considered permissible costs.
Permissible Costs. (1) Salary for the Principal Investigator that have faculty appointments (i.e. Instructor, Professor, etc.) with the following restrictions: • The salary (with fringe) percent cannot exceed the percent effort. • The salary request with (with fringe benefits) cannot exceed fifty percent (50%) of the total grant request.
(2) Salary for the Principal Investigator or professional staff that do not have faculty appointments and technical assistants as necessary with the following restrictions: • The percent salary cannot exceed the percent effort.
(3) Minimal but essential permanent equipment which is directly relevant to the Grant Research.
(4) Expendable supplies.
(5) Other expenses directly related to the conduct of Grant Research.
(6) Travel to attend scientific meetings that are directly related to the Grant Research. Such travel arrangements shall be subject to the prior written approval of the AF and shall not exceed two thousand dollars ($2000US).
(7) Indirect operating costs incurred by the Sponsoring Institution during the Grant Term in an amount not to exceed fifteen percent (15%) of the total costs.