Excess Grant definition

Excess Grant. – Excess grant means the amount of expenditure over and above the provision allowed through the original/supplementary grant, that requires regularisation by obtaining excess grant from the Parliament/State Legislature under Article 115/205 of the Constitution.
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Excess Grant. – Excess grant means the expenditure incurred over and above the appropriation authorised through the original/supplementary grant, that requires regularization by obtaining excess grant from the Assembly under Article 115 of the Constitution.
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Excess Grant means a grant voted by the Legislative Assembly under Article 205(1) (b) of the Constitution to meet the expenditure incurred in a financial year which at the close of the year is found, through the Appropriation Accounts, to have been in excess of the amount granted for a service.
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Examples of Excess Grant in a sentence

  • If the Performance Criteria has multiple components, the Excess Grant Formula shall apply on a pro rata basis to each of the Performance Criteria.

  • The number of the Performance Shares granted, as indicated above, (the "Share Number"), shall be increased from the Share Number to the extent that 100% of the Performance Criteria is exceeded, at the rate of two percent of the Share Number for each percent of such excess over 100% of such Performance Criteria up to 150% of the Share Number (the "Excess Grant Formula").

  • Upon the terms and conditions set forth herein, Grantee shall also contribute an amount equal to the total grant payments that were provided to Grantee less any Excess Grant Payments that were previously paid to the Foundation by the Grantee (the “Foundation Payment”).

  • The number of the Performance Share Units granted, as indicated above, (the "Share Number"), shall be increased from the Share Number to the extent that 100% of the Performance Criteria is exceeded, at the rate of two percent of the Share Number for each percent of such excess over 100% of such Performance Criteria up to 150% of the Share Number (the "Excess Grant Formula").


More Definitions of Excess Grant

Excess Grant. – Excess grant means the amount of expenditure over and above the provision allowed through the original/supplementary grant, that requires
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