Sponsored Projects Clause Samples
Sponsored Projects. Awards are for performance of certain services and research; creation of organized research or products • Funding source requires specific deliverables; for example, technical report or evaluation • Funding source requires return of unexpended funds • Award contains provisions for intellectual property rights • Award includes “boilerplate” terms and conditions imposed by the project funding source • Award requires protection of funding source and confidential information • Faculty or student activities whose outcomes are considered proprietary in nature or for which faculty or students are retained to provide specific services • Funding sources can be governmental agencies • Funding source requires that a tangible product (e.g., technical report, evaluation, data, service) be delivered • Funding source will derive primary or direct economic benefit from the product resulting from the award • Funding source requires detailed expenditure reporting on a regular basis • Award purpose is to fund research activities directed to satisfying funding source requirements (e.g., terms and conditions stating a precise scope of work) • Funding source pays facilities and administrative costs based upon federally negotiated rate • A principal investigator is in charge of the funded project • Award contains an itemized budget, which requires approval by the funding source to modify • Funding source requires record retention or specifies audits by or on behalf of funding source • Conditions exist such as regulatory compliance (e.g., human subjects, animal care, recombinant DNA, use of radionuclides or radiation-producing machines), start and end dates, insurance coverage cost sharing, funding source title to equipment, protecting confidential information • Award fulfills a cost sharing commitment on another sponsored project or requires a matching, cost sharing, or other financial commitment from the University • Payment is for the normal cost of the goods or services • Payments are from an individual, a corporation, a foundation, or a nonprofit organization • Donor may specify the purposes for which funds may be used • Donor’s payment is irrevocable • Donor does not impose contractual requirements • Donor uses the payment as an IRS deduction or as a way to be in compliance with its tax- exempt status • Donation may be in-kind • Donor determines the amount of the payment • Donor may call the payment a gift, contribution, donation, support or grant • Award contains only mini...
Sponsored Projects. The Company will, from time to time, enter into appropriate license agreements with the Members with respect to the Horsefly IP in furtherance of approved Sponsored Projects. Such license agreements shall be on substantially those terms as set forth on Exhibit D attached hereto. All Sponsored Projects shall be subject to approval by the Board in accordance with the terms of this Agreement including, but not limited to Section 5(b)(i) of this Agreement. Within a reasonable time after receipt by a Member, but in no case longer than thirty (30) days, one hundred percent (100%) of all Sponsored Project Proceeds with respect to a Sponsored Project shall be transferred to the Company for its use and/or distribution to the Members pursuant to the terms of this Agreement.
Sponsored Projects. Identify and execute the time-bound and tangible projects at either of the organizations especially by involving under graduate students from ▇▇▇▇▇▇▇ ENGINEERING COLLEGE, HYDERABAD
Sponsored Projects. In connection with the pursuit of potential Sponsored Projects, the following shall apply:
(a) Subject to the approval of the Chief Executive Officer of the Company, the officers of the Company shall be authorized to expend Pursuit Costs of up to Fifty Thousand Dollars ($50,000) (including the amount of any deposits which are not subject to refund) without the consent of the Executive Committee.
(b) Subject to the provisions of subsections (c) and (d) below, the officers of the Company shall be authorized to expend Pursuit Costs (excluding refundable deposits) in excess of Fifty Thousand Dollars ($50,000) only with the approval of a majority of the EC Members, provided that the failure of a majority of the EC Members to approve such expenditure shall not be subject to the Deadlocked Issue procedures described in Section 7.04(g) or Section 7.05.
(c) If and to the extent that a majority of the EC Members have authorized the expenditure of Pursuit Costs in excess of Fifty Thousand Dollars ($50,000) in respect of a Sponsored Project, and all deposits made with respect to such Sponsored Project are, and at the time of the additional expenditure described below in this subsection (c) will remain fully refundable or at the time of the additional expenditure described below in this subsection (c) will cause the deposit to become non-refundable, then the expenditure of additional Pursuit Costs in excess of the amount previously approved in respect of such Sponsored Project shall require the approval of a majority of the EC Members, provided that the failure of a majority of the EC Members to approve such additional expenditures shall not be subject to the Deadlocked Issue procedures described in Section 7.04(g) or Section 7.05.
(d) If and to the extent that a majority of the EC Members have authorized the expenditure of Pursuit Costs in excess of Fifty Thousand Dollars ($50,000) in respect of a Sponsored Project, and the deposits made with respect to such Sponsored Project are not fully refundable, then the expenditure of additional Pursuit Costs in excess of the amount previously approved in respect of such Sponsored Project shall require the approval of a majority of the EC Members, provided that the failure of a majority of the EC Members to approve such additional expenditures shall be subject to the Deadlocked Issue procedures described in Section 7.04(g) and Section 7.05.
(e) The Company shall have the right, from and after the time that it commences to pursu...