Excess Grant definition

Excess Grant. – Excess grant means the amount of expenditure over and above the provision allowed through the original/supplementary grant, that requires regularisation by obtaining excess grant from the Parliament/State Legislature under Article 115/205 of the Constitution.
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Excess Grant means a grant voted by the Legislative Assembly under Article 205(1) (b) of the Constitution to meet the expenditure incurred in a financial year which at the close of the year is found, through the Appropriation Accounts, to have been in excess of the amount granted for a service.
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Excess Grant. – Excess grant means the expenditure incurred over and above the appropriation authorised through the original/ supplementary grant, that requires regularization by obtaining excess grant from the Parliament under Article 115 of the Constitution.
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Examples of Excess Grant in a sentence

  • If the total expenditure under a Grant exceeds the provision allowed through its original Grant and Supplementary Grant, then, the excess requires regularization by obtaining the Excess Grant from the Parliament under Article 115 of the Constitution of India.

  • If the Performance Criteria has multiple components, the Excess Grant Formula shall apply on a pro rata basis to each of the Performance Criteria.

  • Approximately $5 million is anticipated to be available from Community Development Block Grant (CDBG), Los Angeles County Proposition A Excess Grant, and Section 108 Loan Program (through the Community Development Commission of Los Angeles) funds.

  • The number of the Performance Shares granted, as indicated above, (the "Share Number"), shall be increased from the Share Number to the extent that 100% of the Performance Criteria is exceeded, at the rate of two percent of the Share Number for each percent of such excess over 100% of such Performance Criteria up to 150% of the Share Number (the "Excess Grant Formula").

  • The number of the Performance Share Units granted, as indicated above, (the "Share Number"), shall be increased from the Share Number to the extent that 100% of the Performance Criteria is exceeded, at the rate of two percent of the Share Number for each percent of such excess over 100% of such Performance Criteria up to 150% of the Share Number (the "Excess Grant Formula").

  • Upon the terms and conditions set forth herein, Grantee shall also contribute an amount equal to the total grant payments that were provided to Grantee less any Excess Grant Payments that were previously paid to the Foundation by the Grantee (the “Foundation Payment”).

  • As described in the Corporation’s Management Information Circular of May 16, 2003, the Corporation received final Exchange approval for the issuance of the Excess Grant Shares andExcess Put Rights Shares on October 30, 2003.

  • Persistent saving under this head had been noticed during 2010-11 to 2014-15.Grant No.12-contd.Head Total Actual Excess+ Grant expenditure Saving(-)(` in lakh)(2) 2801-80-101-0101- State Plan Schemes (Normal)- 7305-Grant for Free Supply of Electricity to Agricultural Pumps of five H.P.-O.

  • Head Total Actual Excess+ Grant expenditure Saving(-)(` in lakh)4801-05-190-0101-State Plan Schemes (Normal)- 7498-Capital Expenditure on Power Transmission Distribution/Company-O.

  • These approved budget revisions shall be sent to the grantee for accurate tracking of CDBG-DR funds.Budget revisions that will affect any local government, prior to any budget revision being approved, DOC will require written authorization from the local government certifying official that the local government approves proposed budget revision changes.6.3 Return of Excess Grant FundsGrant funds are only to be provided on an as needed basis.

Related to Excess Grant

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Maximum Basic Grant Amount’ has the same meaning as set out in item 1 of Schedule 1 of HESA;

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • SAR Agreement means the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR.

  • Performance Award Agreement means a written agreement between the Company and a Participant with respect to a Performance Award.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Date of Option Grant means __________________.

  • Award Limit means with respect to Awards that shall be payable in Shares or in cash, as the case may be, the respective limit set forth in Section 3.3.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Maximum Award means as to any Participant for any Performance Period, $4 million.

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • NQSO means any Option that is not an ISO.

  • Capitalization grant means the federal grant made to this state by the United States environmental protection agency for either of the following purposes:

  • Annual Addition The sum of the following amounts allocated on behalf of a Participant for a Limitation Year, of (i) all Employer contributions; (ii) all forfeitures; and (iii) all Employee contributions. Except to the extent provided in Treasury regulations, Annual Additions include excess contributions described in Code Section 401(k), excess aggregate contributions described in Code Section 401(m) and excess deferrals described in Code Section 402(g), irrespective of whether the plan distributes or forfeits such excess amounts. Annual Additions also include Excess Amounts reapplied to reduce Employer contributions under Section 3.10. Amounts allocated after March 31, 1984, to an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer are Annual Additions. Furthermore, Annual Additions include contributions paid or accrued after December 31, 1985, for taxable years ending after December 31, 1985, attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit fund (as defined in Code Section 419(e)) maintained by the Employer.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • PSU means Public Sector Undertaking

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • NSO means a stock option not described in sections 422 or 423 of the Code.