Exercise Costs Sample Clauses
The Exercise Costs clause defines the financial obligations associated with exercising a right or option under an agreement. It typically specifies which party is responsible for paying any fees, expenses, or costs incurred when an option—such as purchasing additional shares or extending a contract—is exercised. For example, the clause may state that the party exercising the option must cover administrative fees or legal costs related to the transaction. Its core function is to allocate responsibility for these expenses, ensuring both parties understand who bears the costs and preventing disputes over payment.
Exercise Costs. Provide copies of contracts, MOUs or agreements with consultants or sub-contractors providing services, and a copy of the agenda and sign in rosters (if using pre populated sign in sheets they must be certified by the Emergency Management Director verifying attendance). May also request any training materials provided.
Exercise Costs. Per FEDERAL GUIDANCE and Clarifying Information Bulletin(s): All EMPG Program funded personnel shall participate in no less than three exercises in a 12 month period. Ohio EMA has received clarification on this requirement that will assist sub-grantees in meeting complying with the guidance. Continued in FY2017, real world events do count toward one of the three