Transition Awards Sample Clauses

Transition Awards. After the partner selection and capacity assessment phase, the solicitation should describe the steps involved in developing the local partner’s capacity to meet USAID standards for a direct award. This typically involves significant training and accompaniment around financial management, compliance, and reporting systems (e.g., having banking accounts, using a bookkeeping system, regular financial statements, utilizing the accounting cycle, audit and review of financial statements). This capacity development plan should be cross-referenced with relevant sections of the Sustainability and Transition Plan. Where relevant, AORs and CORs may also wish to incorporate language from the CBLD-9 standard indicator as described above. Example Language: After one or more local organization(s) is selected, [Activity] will work with the relevant Mission, initial award AOR/COR, and AO/ CO to determine the special conditions applicable to this particular subaward. A portion of the initial awardees payments will be tied to the achievement of these special conditions to ensure that [the capacity development objective] is fulfilled.These will include the activities required to improve capacity, specifically the local partner’s organizational and financial management procedures, with specific benchmarks and goals needed to prepare the local partner for independent operations that meet USG standards. These special conditions, along with the respective payments tied to each special condition, will be incorporated into the [Activity] agreement via an award modification. NEW PARTNERS USAID has long understood that awards made directly to local organizations should include some form of institutional capacity development. As official guidance on Fixed Amount Awards states, “An organization with limited or no experience in receiving USG grants... will often need the assistance of USAID at all stages, including pre-award and post-award, for compliance with USAID requirements and successful completion of the grant.” However, use of tools such as the Fixed Amount Award Entity Eligibility Checklist to assess capacity gaps can result in a narrow focus on financial management, leaving aside other institutional capacities important for long-term sustainability. This capacity development plan should be cross-referenced with relevant sections of the Sustainability Plan. Example Language: After an award is made, relevant [Mission or OU] staff will conduct a locally relevant capacity assessm...
AutoNDA by SimpleDocs
Transition Awards. The extent to which the applicant explicitly describes its approach for identifying and strengthening local partners, primarily with regard to meeting the transition award criteria.This includes the degree to which the applicant demonstrates its understanding of the challenges facing local partners in [Country], its ability to tailor support based on varying partner and country needs, and its strategy for overcoming barriers to ensure successful achievement of the transition award goals. ORGANIZATIONAL CAPACITY, STAFFING, AND MANAGEMENT PLAN
Transition Awards. Does the proposal include a reasonable plan to build partner capacity in line with the CBLD-9 standard indicator? This should include: ‹ An overview of capacities important for organizational sustainability, including grants management, strategic planning, leadership development, financial management, and fundraising ‹ Some form of locally relevant capacity assessment to identify a baseline and key strengths and gaps ‹ A process of capacity development with collaboratively defined indicators and milestones ‹ An adaptive approach involving reflection and iteration of training activitiesAdequate budget lines for capacity development • Has the applicant shown a clear understanding of the criteria required for the local partner to prime? • For the cost realism assessment: does the budget include an overhead rate for local partners? If not, is there an explanation? • Does the proposal include provisions for property transfer to local partners following the period of performance? • Has the proposal budgeted for audits of local partners? REVIEWING PROPOSALS FOR SUSTAINABILITY AFTER TRANSITIONS Included in this box are examples of green and red flags to assist your evaluation committee while they are reviewing proposals involving transitions.
Transition Awards. In exchange for Executive’s agreement to continue employment with the Company through the Retirement Date under the terms of this Agreement, timely execution and non-revocation of this Agreement, and execution and non-revocation of the Separation Waiver and Release following the end of the Employment Term, Executive shall be entitled to his base salary described above, a 2020 Management Incentive Plan (“MIP”) target award of 165% of base salary, subject to the terms and conditions of the MIP program, and a 2020 Long-Term Incentive Performance (“LTIP”) program target award at 300% of base salary, subject to the terms and conditions of the LTIP program (the “Transition Awards”). Other than the Transition Awards and other benefits and payments specified in this Agreement, the Company shall have no obligation to pay Executive any further compensation or remuneration, including but not limited to base salary, commissions, or bonuses.
Transition Awards. Offeror agrees that as soon as reasonably practicable after the Effective Date it will grant to all individuals who:
Transition Awards 

Related to Transition Awards

  • Service Awards In consideration of the provision of services, COMPANY to pay EMPLOYEE, as compensation; The gross amount of RMB annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB each.

  • Equity Awards “Equity Awards” will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • Bonus Plans 21.16 A bonus is a lump sum payment that is not a permanent increase to the salary base of the individual and may be granted at the discretion of the President. A bonus may be awarded at any time and may be used for a variety of salary adjustments including, but not limited to, the following:

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Awards (1) The tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief:

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Treatment of Equity Awards Upon a Change of Control, all equity awards with time-based vesting shall immediately fully vest and become non-forfeitable and each equity award which has been granted (or any other equity award which would otherwise have been granted to the Executive during the applicable performance period/calendar year in the ordinary course) with performance vesting shall vest at an amount based upon and to the extent of the Employers’ achievement of performance goals during the performance period under each such equity award through the end of the calendar month immediately preceding the Change in Control.

Time is Money Join Law Insider Premium to draft better contracts faster.