In-Kind Contributions Clause Samples
The In-Kind Contributions clause defines the terms under which a party may provide goods, services, or other non-monetary resources instead of cash as part of their obligations under an agreement. This clause typically outlines what qualifies as an in-kind contribution, how such contributions are valued, and any documentation or approval processes required. By specifying these details, the clause ensures that all parties have a clear understanding of how non-cash contributions are recognized and credited, thereby preventing disputes and ensuring fairness in fulfilling contractual commitments.
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In-Kind Contributions. For clarity, In-Kind contributions will only be recognized as eligible when the costs incurred by the Applicant are incidental to its ordinary course of business, directly attributable to the Project and easily auditable.
In-Kind Contributions. If in-kind contributions or contributions in the form of property or services are made, the Capital Account of the Member shall be increased by an amount equal to the fair market value of the property or services contributed by such Member.
In-Kind Contributions. The parties must contribute to the Project the In-kind Contributions as set out in item 14 of the Details Schedule. If:
(a) the Collaborator does not contribute its In-kind Contribution, the University may stop work until a reasonable adjustment to the Fees is agreed; or
(b) the University does not contribute its In-kind Contribution, the University remains obligated to carry out the Project.
In-Kind Contributions. The Government shall include in construction costs and credit towards the Non-Federal Sponsor’s share of such costs, the value of in-kind contributions that are integral the Project.
a. The value shall be equivalent to the costs, documented to the satisfaction of the Government, that the Non-Federal Sponsor incurred to provide the in-kind contributions. Such costs shall include, but not necessarily be limited to, actual costs of constructing the in-kind contributions; engineering and design costs; supervision and administration costs; and documented incidental costs associated with providing the in-kind contributions, but shall not include any costs associated with betterments, as determined by the Government. Appropriate documentation includes invoices and certification of specific payments to contractors, suppliers, and the Non-Federal Sponsor’s employees.
b. No credit shall be afforded for interest charges, or any adjustment to reflect changes in price levels between the time the in-kind contributions are completed and credit is afforded; for the value of in-kind contributions obtained at no cost to the Non-Federal Sponsor; for any in-kind contributions performed prior to the effective date of this Agreement unless covered by an In-Kind Memorandum of Understanding between the Government and Non-Federal Sponsor; or for costs that exceed the Government’s estimate of the cost for such in- kind contributions if they had been provided by the Government.
In-Kind Contributions. Signatories are expected to make reasonable and equitable (taking into account the resources available to the signatory and its size) contributions of staff or volunteer time, without charge, for participation in the affairs of the Accord including, but not limited to, participating in meetings, correspondence and submissions on issues, development of policies and procedures, provision of people to undertake Assessment and Review activities, and mentoring.
In-Kind Contributions. For clarity, In-Kind contributions will only be recognized as eligible when the costs incurred by the Alberta Applicant are incidental to its ordinary course of business, directly attributable to the Project and easily auditable.
In-Kind Contributions. All in-kind contributions shall be treated as common property held by the participating communities and shall be managed by the Administrative Municipality.
In-Kind Contributions. The Agency and the Union agree upon the value and importance of in-kind contributions to the success of the programs and services of Head Start.
Section 1— Accountability
A. The Agency shall inform employees of in-kind goals at the beginning of each program year and update employees of any changes.
B. The Agency shall provide information at least every other month to each classroom with regard to volunteer time and progress toward meeting the yearly in-kind goal. The report shall minimally include the year-to-date total and the preceding two months activity for in-kind.
In-Kind Contributions. The fair market value of contributions of property, other than cash, made under this Article VIII shall be the value agreed upon by the Members.
In-Kind Contributions. B.12.2.1 Authorized Members are expected to make reasonable and equitable (taking into account the resources available to the Authorized Member and its size) contributions of staff or volunteer time, without charge, for participation in the affairs of the Agreement including, but not limited to, participating in meetings, correspondence and submissions on issues, development of policies and procedures, provision of people to undertake Evaluation and Review activities, and mentoring.