State Grant Sample Clauses

State Grant. The Project is also proposed to be funded by way of the State Grant in the manner set out in Schedule 18.
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State Grant. Parties anticipate that Consortium will be initially funded through grant appropriation of $250,000.00 from the State of Oregon (the “Grant”). If the Grant is received, the Parties anticipate applying the Grant toward Consortium’s administrative, planning, and organization costs and expenses, Capital Equipment, and/or one or more Projects.
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State Grant. Bristol shall be responsible for preparing and submitting all applications and information required by the State for the issuance of the State Grant. Bristol shall comply with all conditions and requirements imposed by the State in connection with such State Grant. The proceeds of the State Grant shall be deposited into a segregated, interest-bearing account maintained in accordance with the requirements of the State, which account shall only be used to pay costs of the Project (the “State Grant Account”), provided, however, that Bristol shall request that the State agree that the State Grant Account be controlled and administered, in trust, by [ ] (the “Trustee”). The State Grant funds shall not be commingled with any other funds of Bristol or the Metropolitan Government.
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State Grant. Grantor hereby grants to Grantee, funds in an amount equal to the lesser of the maximum grant amount set forth above and the actual total costs of the Project as outlined in Exhibit 1 (the “Grant Funds”).
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State Grant. The parties hereto acknowledge that the State of Georgia (the “State”) has agreed to provide a grant to the Authority in the amount of $1,000,000 to be applied against the costs of site and infrastructure improvements to be incurred by the Company in connection with the construction of the Project (the “State Grant”). The Authority agrees to promptly take any and all actions required in order to obtain the State Grant, including, without limitation, preparing and filing an application for the State Grant and all other documents as may be requested by the Department of Economic Development and the Department of Community Affairs in order to be able to obtain and provide to the Company the amount of the State Grant with a target date of December 31, 2022.
Sample 1
State Grant. Grantor hereby grants to Grantee funds in the aggregate amount up to Six Hundred Million and No/100 Dollars ($600,000,000.00) (the “Grant Funds”) to be used for the sole and express purpose of undertaking and completing the Project. The Grant Funds shall be made available from Grantor to Grantee in an amount of Three Hundred Million and No/100 Dollars ($300,000,000.00) per Fab not later than two years following the commencement of construction of each Fab. Grantee shall undertake and complete the Project substantially as described in Exhibit A and on the Project Site, and shall perform the obligations associated with the Project as described in Exhibit A. Grantee may not use the Grant Funds for any purpose other than completion of the Project.
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State Grant. In accordance with Decree No. 2023-765 dated 11 August 2023, pertaining to the payment of a grant for vocational students at secondary school level within the framework of a benefit relating to a period of training in the workplace, a financial grant will be paid to those students participating in LPM initial training who have academic status and within approved training organisations for the purposes of their PFMP (work-study placement) within the framework of the certificate of professional competence (Certificat d’aptitude professionnelle – CAP) or vocational baccalaureate. This grant is paid by the State in respect of each day spent by the student on a work-study placement under the agreement; this shall be proven by means of a work-study placement certificate as referred to in Article 16 of this agreement.
Sample 1
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State Grant. R3 Consortium will be initially funded through an appropriation from the State of Oregon (the “State Grant”). Parties will each receive an initial capacity building grant of $250,000 from the State Grant for administrative costs related to the planning, organization, and implementation of the Consortium or any related Projects or capital equipment (the “Capital Equipment”).
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Related to State Grant

  • The Grant 3.01. The World Bank agrees to extend to the Recipient, on the terms and conditions set forth or referred to in this Agreement, a grant in an amount equal to five million United States Dollars ($5,000,000) (“Grant”) to assist in financing the Project. 3.02. The Recipient may withdraw the proceeds of the Grant in accordance with Section IV of Schedule 2 to this Agreement. 3.03. The Grant is funded out of the abovementioned trust fund for which the World Bank receives periodic contributions. In accordance with Section 3.02 of the Standard Conditions, the Recipient may withdraw the Grant proceeds subject to the availability of such funds.

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee concludes employment on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro-rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment. In the way of example, if Employee has been employed for 9 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 25% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Payment of Award (a) Subject to §6(b), the total number of Restricted Stock Units (and related Dividend Equivalent Rights) which vest, if any, in accordance with §3, §4, or §5 of this Unit Agreement (the “Vested Units”) shall be paid in an equivalent number of shares of Stock on the specified dates, as follows: 33⅓% shall be paid on the first anniversary of the Grant Date; 33⅓% shall be paid on the second anniversary of the Grant Date; 33⅓% shall be paid on the third anniversary of the Grant Date. Payments made pursuant to this sub-paragraph (a) will deemed to be made on the specified date if such payment are made within the sixty (60) day period which commences immediately following the specified date. (b) Notwithstanding the specified dates set forth in §6(a), the total number of Vested Units shall be distributed in an equivalent number of shares of Stock upon the earliest to occur of the following: (i) the date of the Grantee’s death, (ii) the date of the Grantee’s Disability, or (iii) if prior to the date a Grantee becomes eligible for Retirement, the date of the Grantee’s Separation from Service. In the event payment is made pursuant to this sub-paragraph (b) such payment shall be made within the sixty (60) day period which commences immediately following the date of the applicable event. (c) Except as set forth below, the Vested Units shall be distributed in an equivalent number of shares of Stock; provided, however, the Grantee’s right to any fractional share of Stock shall be paid in cash. In the event the Restricted Stock Units (and related Dividend Equivalent Rights) vest following a Change in Control pursuant to § 4, the Vested Units shall be paid in cash, and the amount of the payment for each Vested Unit to be paid in cash will equal the Fair Market Value of a share of Stock on the date of the Change in Control. (d) Notwithstanding anything herein to the contrary, distributions may not be made to a Key Employee upon a Separation from Service before the date which is six (6) months after the date of the Key Employee’s Separation from Service (or, if earlier, the date of death of the Key Employee). Any payments that would otherwise be made during this period of delay shall be accumulated and paid in the seventh month following the Grantee’s Separation from Service. (e) The Grantee shall be entitled to a Dividend Equivalent Right for each Vested Unit. At the same time that the Vested Units are paid, SunTrust shall pay each Dividend Equivalent Right in shares of Stock to the Grantee, provided, however, the Grantee’s right to any fractional share of Stock shall be paid in cash. In the event the Restricted Stock Units vest pursuant to §4, related Dividend Equivalent Rights shall be paid in cash. (f) The Grantee will not have any shareholder rights with respect to the Restricted Stock Units, including the right to vote or receive dividends, unless and until shares of Stock are issued to the Grantee as payment of the vested Restricted Stock Units.

  • Grant of Stock Option The Company hereby grants the Optionee an Option to purchase shares of Common Stock, subject to the following terms and conditions and subject to the provisions of the Plan. The Plan is hereby incorporated herein by reference as though set forth herein in its entirety. The Option is not intended to be and shall not be qualified as an “incentive stock option” under Section 422 of the Code.

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Acceptance of Award The Grantee shall have no rights with respect to this Award unless he or she shall have accepted this Award prior to the close of business on the Final Acceptance Date specified above by signing and delivering to the Company a copy of this Award Agreement.

  • Amendment of this Award Agreement The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate this Award Agreement prospectively or retroactively; provided, however, that any such waiver, amendment, alteration, suspension, discontinuance, cancelation or termination that would materially and adversely impair your rights under this Award Agreement shall not to that extent be effective without your consent (it being understood, notwithstanding the foregoing proviso, that this Award Agreement and the Restricted Shares shall be subject to the provisions of Section 7(c) of the Plan).

  • Notice of Award PEI may use a Notice of Award to announce, modify, or clarify the annual Grant budget, source of funding, Performance Measures, QIP terms, or other Grant requirements.

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