Milestones and Payment Schedule. The ICO will pay the Grant to you in instalments on completion of the Milestones set out in Annex 3 of the Agreement. Payments will be made to the following bank account: [bank details of Grantee] Please Note: Grant Recipient must provide the following as proof of bank account details:- [ICO Finance Team requirements] Please sign and return two copies of this letter to indicate your acceptance of the terms and conditions of the Grant. The ICO will not pay any Grant monies to you until this letter and the Grant Agreement have both been executed by it as set out below. SIGNED by: [Xxxxx Xxxx] for and on behalf of the The Information Commissioner …………………………………………………. Signature Title: [Head of International Strategy & Intelligence] Date: …………………………………………………. We have read and understand this grant offer letter and the attached Conditions and accept them on behalf of [name of organisation] SIGNED by: [insert authorised signatory’s name] for and on behalf of [insert name of Grant Recipient] ………………………………………………… Signature Title: ……………………………………………… Date: ……………………………………………… ANNEX 2 -The Funded Activities [Setting out the scope of the Funded Activities should ensure that this description is sufficiently precise to ensure that the Grant is only applied for the purposes intended. However, the description of the Funded Activities should also allow the Grant Recipient an appropriate measure of operational flexibility and degree of freedom in its decision making (within the parameters of the Funded Activities): the Grant Recipient is required to gain the Authority’s permission to amend the Funded Activities or to use the Grant for other purposes]. Background/purpose of the Grant Background Aims and objectives of the Funded Activity Funded Activities [Insert details of the Funded Activities ] ANNEX 3 -Payment Schedule INSTALMENTS GRANT SUM PAYABLE DUE DATE Initial payment – [75%] Within 30 days of submission of your financial details following execution of the Agreement Final payment – [25%] Within 30 days of acceptance of your final report by ICO ANNEX 4 - Eligible Expenditure schedule (breakdown of forecast grant expenditure) [Details of eligible expenditure must be included in all grants agreements, including items of expenditure that are expressly ineligible. Grant recipients are required to provide evidence of their grant expenditure.] Item of Expenditure Budget (in UK Sterling)/forecast expenditure FURTHER GUIDANCE REGARDING ELIGIBLE EXPENDITURE All Eligible Expenditu...
Milestones and Payment Schedule. Table 1. Payment schedule and Milestones Table TASKS PAYMENT (% of the Contract Price) Approval of Legislation Gap Analysis Report 25% Approval of Policy Interaction Assessment Report 25% Approval of Final ETS Design Report 25% Approval of Final Report 25% Table 2. Time Schedule for Deliverables Deliverables Time Schedule Kick-off Meeting First week Turkish ETS Design Report 1st – 9th Months Legislation gap analysis report 1st -2nd Months Coordination with DoCC 1st-12th Months Stakeholder consultations 1st-9th Months Drafting ETS Secondary legislation 3rd-9th Months Policy Interaction Assessment Report 5th Month Preparations of National Allocation Plan for Pilot Phase 5th-7th Months Stakeholder Awareness Raising (Workshop Organizations) 10th-12th Months Final Report 12th Month
Milestones and Payment Schedule. ARK does not guarantee or make any assurance that any, or any minimum or particular volume of services will be ordered under this Agreement. Payments will be made to the service provider by bank transfer on a monthly basis, upon receiving an itemized invoice, log sheets, following successful delivery of services.
Milestones and Payment Schedule. A. Fees: If Company has fewer than 150 employees, the following fee schedule applies. Please note, that the direct hire fee of $8,400, for such companies with fewer than 150 employees, may be spread over twelve months resulting in a monthly payment of $700. Timing of Hire Hourly Contract* Hire Fee at End of Period Hire Fee During Period During or After Program Completion $8,400 N/A Days 1-89 after Program Completion $48/hour $2,500 $8,400 Days 90-179 after Program Completion $45/hour $1,500 $2,500 Days 180-365 after Program Completion $40/hour $0 $1,500 If Company has 150 or more employees, the following fee schedule applies. Timing of Hire Hourly Contract* Hire Fee at End of Period Hire Fee During Period Up to Week 10 of Program $10,000 N/A Week 11 to up to Program Completion $12,000 N/A Days 1-89 after Program Completion $48/hour $2,500 $12,000 Days 90-179 after Program Completion $45/hour $1,500 $2,500 Days 180-365 after Program Completion $40/hour $0 $1,500
Milestones and Payment Schedule. Payment for services rendered pursuant to this Agreement shall be provided to ARTIST upon satisfactory completion of the milestones described herein as follows:
