Fiscal Relationship Clause Samples

The Fiscal Relationship clause defines the financial interactions and obligations between the parties involved in an agreement. It typically outlines how payments are to be made, the allocation of costs, and the handling of taxes or other fiscal responsibilities. For example, it may specify which party is responsible for invoicing, payment schedules, or reimbursement procedures. The core function of this clause is to ensure transparency and prevent disputes by clearly delineating each party's financial duties and expectations.
Fiscal Relationship. The government-to-government relationship established through this Agreement requires a new intergovernmental Fiscal Relationship between the Parties.
View SourceView Similar (3)
Fiscal Relationship. A. It is understood between PVSD and the Charter School that the Charter School shall be responsible for all of its own fiscal services such as payroll, purchase orders, attendance reporting and state budget forms. In the event that the Charter School utilizes the services of a management company as part of its structure, all financial records of the back office or management company and the Charter School’s contract with the back office or management company must be made available for review by PVSD at any time within five (5) calendar days of PVSD’s written request. Charter School’s contracts with any such back office or management company shall at all times comply with Education Code Section 47604 as operative July 1, 2019.
View Source
Fiscal Relationship. A. The VCBE and the Charter School agree that the VCOE shall not be required to act as the fiscal agent for the Charter School. It is understood that, as between the VCOE and the Charter School, the Charter School shall be responsible for all fiscal services such as payroll, purchase orders, attendance reporting and state budget forms. However: The Charter School is allowed to use the financial software system of their choice, but is required to provide VCOE Business Office employees “read only” access to the software chosen, including any necessary software and equipment necessary to make access possible. In the event that the Charter School utilizes the services of a management company as part of its structure, all financial records of the Charter School must be available for review by the VCOE at any time. B. The Charter School may, if it chooses, contract with the VCOE for business services by way of a separate written agreement. It is understood that the VCOE is interested in providing available services but at no cost to the VCOE.
View Source
Fiscal Relationship 
View SourceView Similar (9)

Related to Fiscal Relationship

  • General Relationship Executive shall be considered an employee of the Company within the meaning of all federal, state and local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes.

  • Commercial Relationship You expressly recognize that your participation in the Plan and the Company’s grant of the Award does not constitute an employment relationship between you and the Company. You have been granted the Award as a consequence of the commercial relationship between the Company and the Company’s affiliate in Mexico that employs you, and the Company’s local affiliate in Mexico is your sole Employer. Based on the foregoing, (a) you expressly recognize the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s affiliate in Mexico that employs you.

  • At-Will Relationship I understand and acknowledge that my Relationship with the Company is and shall continue to be at-will, as defined under applicable law, meaning that either I or the Company may terminate the Relationship at any time for any reason or no reason, without further obligation or liability.

  • Reporting Relationship Executive shall report to the Company’s chief executive officer.

  • Contractual Relationship It is understood and agreed that the relationship described in this Agreement between the Parties is contractual in nature and is not to be construed to create a partnership or joint venture or agency relationship between the parties. Neither party shall have the right to act on behalf of the other except as expressly set forth in this Agreement. Contractor will be solely responsible for and will pay all taxes related to the receipt of payments hereunder and shall give reasonable proof and supporting documents, if reasonably requested, to verify the payment of such taxes. No Contractor personnel shall obtain the status of or otherwise be considered an employee of NCTCOG or Participating Entity by virtue of their activities under this Agreement.