Refunds of unexpended and misspent Funds Sample Clauses

Refunds of unexpended and misspent Funds. 6.5.1. If at any time during the term of this Agreement (including on the Completion Date):
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Refunds of unexpended and misspent Funds. If at any time during the term of this Agreement (including on the Completion Date): there remains an amount of Funding that has not been spent or legally committed for expenditure in accordance with the Agreement and the period in which that Funding was expected to be spent or legally committed has passed; or an amount of Funding has been spent in contravention of the Agreement, the Commonwealth may (at its discretion and in addition to any other rights it may have) by notice in writing to the Recipient: require the Recipient to refund this amount to the Commonwealth within 20 Business Days (or other such period specified in the notice); or reduce any further payments of Funding to the Recipient (if applicable) by an amount up to this amount.
Refunds of unexpended and misspent Funds 

Related to Refunds of unexpended and misspent Funds

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • 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.

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