Terms of the Grant Sample Clauses

Terms of the Grant. The Grant is determined solely at the discretion of the Board (or the relevant board Committee). In its assessment, the Board (or the relevant board committee) has considered several factors, including your personal performance. Regardless of your personal performance and the Company's future prospects, the Company may decide unilaterally and in its sole discretion, not to grant options to you in the future. Pursuant to the terms of the Plan and the Agreement, you are not entitled and have no claim to receive future options as a consequence of the Grant.
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Terms of the Grant. Funds have been awarded to the Business to assist with the Project. The terms of the Grant are as follows: (a) $GRANT AMOUNT (b) This Grant will be repaid in a lump sum; accruing 6% interest from the date of first disbursement should any of the following events occur during the term of this Contract: 1. The business issues an Initial Public Offering (IPO). 2. The business moves the company out-of-state. 3. The business sells 51% or more of the company assets and/or the company. (c) List any other grant conditions – Award funds are not to be allocated for payment to the founders.
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Terms of the Grant. Funds have been awarded to the Business to assist with the Project. The terms of the Grant are as follows: (a) The Business shall repay direct financial assistance through royalty payments, on the following terms and conditions: 1. Award Amount: $ AWARD AMOUNT. 2. Total Royalty Amount to be Repaid: Royalty to be repaid until DATE or Other specified timeframe.
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Terms of the Grant. The grant from RAILS for your project is for the explicit purpose stated in your application and summarized below:
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Terms of the Grant. (a) Amount and currency of the Grant An amount of GHC 45, 294 payable in Ghana Cedis. (b) Date and payment of Grant The Grant shall be paid in full on or immediately after this Grant Agreement is signed. (c) Account of payment: Account name: Account Number: Bank Name: Address: Account Name: Achimota Women Association Account Number: 0011010129281 Bank: SG-SSB Ltd Ghana Signatories: Xxxxx Xxxxx Sort Code: 090101 (d) Purpose, including short description of the Project The aim of this initiative is a project-based digital storytelling approach for improving student's learning motivation, Problem-Solving Competence and Learning achievement. The impetus for a successful project is the basic „Digital Storytelling Workshop‟ designed as a pilot. It involves 10 participants coming together in a 4-5 day workshop to learn the skills to put together a short film of around two minutes with around twenty pictures accompanying a 250 word script. This project- based learning (PBL) solution will help students deepen their knowledge about relevant topics as they build video projects and cultivate critical 21st century skills.
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Terms of the Grant. The Company and the Optionee hereby agree to the following terms and conditions governing the grant of the option to purchase shares of Common Stock:
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Terms of the Grant. San Diego Foundation grant funds may be expended only for charitable, scientific, literary or educational purposes. This grant is made only for the purposes stated in this letter and it is understood that these grant funds will be used for such purposes. It is also understood that no variances will be made from the purpose of the grant without San Diego Foundation’s prior written approval. Grantees are responsible for attaining appropriate work permits, if necessary, and abiding by all relevant state and federal labor laws. Any grant funds not expended for the purpose of the grant will be returned to San Diego Foundation. To be eligible for future funding, you must fulfill the responsibilities outlined here. This does not guarantee future funding. If you have any questions, please contact Grants Administration at 619‐235‐2300 or at xxxxxx@xxxxxxxxxxxx.xxx. If this letter correctly sets forth your understanding of the terms of this agreement, please have the appropriate officer from your organization execute this agreement electronically and send to XxxxxxxxxXxxxxx@xxxxxxxxxxxx.xxx. Please keep an electronic and printed copy for your records. Best wishes,
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Terms of the Grant 
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Related to Terms of the Grant

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details. 8.2 The Commonwealth may by notice withhold payment of any amount of the Grant where it reasonably believes the Grantee has not complied with this Agreement or is unable to undertake the Activity. 8.3 A notice under clause 8.2 will contain the reasons for any payment being withheld and the steps the Grantee can take to address those reasons. 8.4 The Commonwealth will pay the withheld amount once the Grantee has satisfactorily addressed the reasons contained in a notice under clause 8.2.

  • Amendments to the Grant Agreement 18.1 This Grant Agreement and the Grant Letter set out the entire agreement between the parties. They replace all previous negotiations, agreements, understandings and representations between the parties, whether oral or in writing. 18.2 The Commissioner retains the right to make amendments to this Grant Agreement and/or the Grant Letter which shall only be valid if they are in writing and signed by an authorised representative of the Commissioner.

  • Nature of the Grant In accepting the mPRSUs, the Participant acknowledges that: (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b) the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c) all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d) the Participant’s participation in the Plan is voluntary; (e) the mPRSUs are outside the scope of the Participant’s employment contract, if any; (f) the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i) if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j) in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim.

  • Purpose and extent of the Grant 3.1 The Recipient may not use the Grant for any activities other than the Purpose, or as approved in writing by the Commissioner. Further details of the Purpose of the Grant are as defined in Schedule 1 (the “Project”).

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action"). I.1.2 The beneficiary accepts the grant and undertakes to do everything in his power to carry out the action as described in Xxxxx X, acting on his own responsibility.

  • Amount of the Grant 4.1 The Commissioner has agreed funding of up to the Grant Amount, subject to compliance by the Recipient with the terms of this Grant Agreement.

  • Timing of the Grant 5.1 Payments will be made in accordance with Schedule 2, to be paid within 21 working days. 5.2 In order for any payment to be released, the Commissioner will require the Recipient to: 5.2.1 have signed and returned a copy of this Grant Agreement to the Commissioner; 5.2.2 have provided the appropriate bank details; and 5.2.3 be in compliance with the terms and conditions of this Grant Agreement. 5.3 The Commissioner reserves the right to withhold all or any payments of the Grant if the Commissioner has reasonably requested information or documentation from the Recipient and this has not been received by the Commissioner in the timescales reasonably required. 5.4 The Commissioner is not permitted to pay the Grant in advance of need. If the Commissioner reasonably believes that payment is being made in advance of need, it may change the timing and/or the amount of any outstanding Grant payments.

  • Use of Proceeds of the Grant Section 3.01. The Recipient shall cause the proceeds of the Grant to be applied to the financing of expenditures on the Project in accordance with the provisions of this Grant Agreement. Section 3.02. The goods and services and other items of expenditure to be financed out of the proceeds of the Grant and the allocation of amounts of the Grant among different categories of such goods and services and other items of expenditure shall be in accordance with the provisions of Schedule 2 to this Grant Agreement, as such Schedule may be amended from time to time by agreement between the Recipient and ADB. Section 3.03. Except as ADB may otherwise agree, all goods and services to be financed out of the proceeds of the Grant shall be procured in accordance with the provisions of Schedule 3 to this Grant Agreement. Section 3.04. Withdrawals from the Grant Account in respect of goods and services shall be made only on account of expenditures relating to (a) goods which are produced in and supplied from and services which are supplied from such member countries of ADB as shall have been specified by ADB from time to time as eligible sources for procurement, and (b) goods and services which meet such other eligibility requirements as shall have been specified by ADB from time to time. Section 3.05. The Grant Closing Date for the purposes of Section 8.02 of the Grant Regulations shall be 30 June 2014 or such other date as may from time to time be agreed between the Recipient and ADB.

  • SPECIAL TERMS AND CONDITIONS OF TRUST The following special terms and conditions are hereby agreed to: 1. The Bonds listed in the Schedule hereto have been deposited in trust under this Trust Agreement. 2. The fractional undivided interest in and ownership of a Trust represented by each Unit thereof is a fractional amount, the numerator of which is one and the denominator of which is the amount set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust. 3. The aggregate number of Units described in Section 2.03(a) for a Trust is that number of Units set forth under "Summary of Essential Financial Information--General Information--Number of Units" in the Prospectus Part I for such Trust.

  • Modifications to the Award Agreement This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.

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