Criteria for allocation of the Community’s financial contribution Sample Clauses

Criteria for allocation of the Community’s financial contribution. Upon decision of the governing Board, the Community's financial contribution is allocated by the Coordinator between the Consortium Members receiving a financial contribution from the community ('Funded Members'), based on the forecasted budget, proportionally to their respective contributions for research and/or demonstration and/or other activities ad defined in the EC decision no. 1513/2002 at the respective rate of 50%, 35% and 100%. The Governing Board may decide on staggered payments of the contribution to a Funded Member for justified reasons. No distribution of funds to a Funded Member may take place prior to the signature of the Consortium Agreement and of the EC Contract by the said Funded Member.
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Criteria for allocation of the Community’s financial contribution. The HP3GB shall periodically review the Budget and its allocation between the Beneficiaries, taking into account their respective contributions to the Project. No distribution of funds to a Beneficiary may take place prior to the signature of the Grant Agreement and the Consortium Agreement by the said Beneficiary.
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Criteria for allocation of the Community’s financial contribution. Each Contractor shall bear its own costs incurred in connection with the performance of the Contract and this Consortium Agreement, carrying out of the Network activities and implementation of the Network. The costs for each audit shall be reimbursed up to an amount of < € 800 of the management budget. Costs exceeding this amount are to be borne by the respective Contractors. The financial contribution of the Commission will be distributed according to the Contract, this Consortium Agreement (Appendix 8 for the first 18 months) and the decisions of the Governing Board. The Coordinator shall receive all payments made by the Commission. The Coordinator will transfer, in accordance with the Contract, this Consortium Agreement (Appendix 8 for the first 18 months) and the budget allocation decided by the Governing Board the appropriate sums to the respective Contractors at the maximum rate of 100% concerning Network of Excellence. The advance payments from the Commission shall be deposited into a separate account. The transfer to the individual Contractor will be made in instalments according to Article 7.1.3 of this Consortium Agreement. The first instalment will be transferred with minimum delay, but not later than thirty (30) calendar days from the receipt thereof from the Commission. The second and subsequent instalments will be released by the Coordinator depending on the decision of the Scientific Management Board about completion of Activities and/or timely submission of Network deliverables described in 7.1.3. Such separation shall be made in accordance with the Contract. The Coordinator shall notify each Contractor promptly of the date and amount transferred to its respective bank account, and shall give the relevant references. The Scientific Management Board may decide on staggered payments of the contribution to a Contractor for justified reasons. No distribution of funds to the Contractors may take place prior to the signature of the Consortium Agreement and of the EC Contract by the said Contractor.
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Related to Criteria for allocation of the Community’s financial contribution

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • FINANCIAL CONTRIBUTIONS 10.1 The Financial Contribution of the CCG and the Council to any Pooled Fund or Non-Pooled Fund for the first Financial Year of operation of each Individual Scheme shall be as set out in the relevant Scheme Specification.

  • Financial contribution Methods of payment

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Monitoring of Contribution Limitations Information The Custodian shall not be responsible for monitoring the amount of contributions made to the designated beneficiary’s account or the income levels of any depositor or contributor for purposes of assuring compliance with applicable state or federal tax laws.

  • Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income tax return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole.

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