Initial Core Projects/Supplemental Core Projects Sample Clauses

Initial Core Projects/Supplemental Core Projects. As defined in the By-Laws, Research projects funded through use of NSF award, MEMBER fees, and/or leveraged contributions include Initial Core Projects and Supplemental Core Projects (“Core Project(s)”). Membership fee-paying IPMs will have rights to receive a discounted Facilities & Administrative rate (“F&A”, a.k.a., indirect or overhead) reduced from ACADEMIC MEMBER’s full overhead rate to an indirect rate of either twenty-five percent (25%) or ten percent (10%) based on membership level as stated in Section 2.h. IPMs who joined CENTER and were paid up and in good standing with CENTER before March 31, 2017 will be considered a FOUNDING MEMBER and will be entitled to a reduced indirect rate of ten percent (10%). Recommendations on allocation of funds for Core Projects shall be made by the IPAB and by the Scientific Steering Committee (“SSC”) to the Center Leadership Team who makes recommendations to Center Director per the Bylaws.