Common use of Distribution of Financial Contribution Clause in Contracts

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. According to Article 4.2 of the Grant Agreement, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 it is in the consortium’s authority to implement the redistribution of tasks and budget according to the Consortium Plan. The updating of the Consortium Plan including the re-budgeting process characterises the following cycle: decision on the Consortium Plan (Grant Agreement Annexes 1and 2 as starting point) implementation of the Consortium Plan reporting of the implemented activities approval of reports/deliverables by the Funding Authority actualisation and re-planning for the next Consortium Plan decision on this proposed Consortium Plan by the General Assembly next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description of the action in Annex 1 and the budget in Annex 2 may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.

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. According to Article 4.2 of the Grant Agreement, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 it is in the consortium’s authority to implement the redistribution of tasks and budget according to the Consortium Plan. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan. The updating of the Consortium Plan including the re-budgeting process characterises the following cycle: - decision on the Consortium Plan (Grant Agreement Annexes 1and 2 as starting point) - implementation of the Consortium Plan - reporting of the implemented activities - approval of reports/deliverables by the Funding Authority - actualisation and re-planning for the next Consortium Plan - decision on this proposed Consortium Plan by the General Assembly - next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description of the action in Annex 1 and the budget in Annex 2 may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.

Distribution of Financial Contribution. The financial contribution of the Funding Authority Union to the Project shall be distributed by the Coordinator according to: - the Consortium Budget as included in the Consortium Plan - the approval of reports by the Funding AuthorityEuropean Commission, and - the provisions of payment in Section Article 7.3. - A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan. - According to Article 4.2 of the Grant Agreementarticle 5, EC-GA, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 FP7 it is in the consortium’s Consortium authority to implement the redistribution of tasks and budget according to the Consortium Plan. The updating actualisation of the Consortium Plan including the re-budgeting process characterises the following cycle: - decision on the Consortium Plan (Grant Agreement Annexes 1and 2 Description of Work in Annex I as starting point) - implementation of the Consortium Plan - reporting of the implemented activities - approval of reports/deliverables by the Funding Authority European Commission - actualisation and re-planning for the next Consortium Plan - decision on this proposed Consortium Plan by the General Assembly next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description Description of the action Work in Annex 1 and the budget in Annex 2 I may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.

Distribution of Financial Contribution. The Community financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Budget as included in the Consortium Plan - the approval of reports by the Funding AuthorityEuropean Commission, and - the provisions of payment in Section Article 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan. According to Article 4.2 of the Grant Agreementarticle 5, EC-GA, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 FP7 it is in the consortium’s Consortium authority to implement the redistribution of tasks and budget according to the Consortium Plan. The updating actualisation of the Consortium Plan including the re-budgeting process characterises the following cycle: - decision on the Consortium Plan (Grant Agreement Annexes 1and 2 Description of Work in Annex I as starting point) - implementation of the Consortium Plan - reporting of the implemented activities - approval of reports/deliverables by the Funding Authority European Commission - actualisation and re-planning for the next Consortium Plan - decision on this proposed Consortium Plan by the General Assembly next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description Description of the action Work in Annex 1 and the budget in Annex 2 I may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.

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. According to Article 4.2 of the Grant Agreement, Beneficiaries are allowed to transfer budget between different activities and between themselves. Consequently, in Horizon 2020 it is in the consortium’s authority to implement the redistribution of tasks and budget according to the Consortium Plan. The updating of the Consortium Plan including the re-budgeting process characterises the following cycle: - decision on the Consortium Plan (Grant Agreement Annexes 1and 2 as starting point) - implementation of the Consortium Plan - reporting of the implemented activities - approval of reports/deliverables by the Funding Authority - actualisation and re-planning for the next Consortium Plan - decision on this proposed Consortium Plan by the General Assembly - next management cycle of actualisation of the Consortium Plan including the re-budgeting. As a consequence the description of the action in Annex 1 and the budget in Annex 2 may have to be updated following re-planning. See also elucidation to “Consortium Plan” in the definitions section.