Examples of Performance-based Grant in a sentence
The Performance-based Grant has been capped at the system-average annual proportion and residual funding remains part of the Differentiation Envelope.
The categories of procurement to be implemented under the procurement are: (i) Minimum Tender Subsidy for Mini Grids; (ii) Performance-based Grant for Mini Grids; (iii) Performance-based Grant for Stand-alone Solar Systems; (iv) Market Scale-up Challenge Grants for Stand-alone Solar Systems; and (v) EEP.
The Performance-based Grant amount is the same whether the SHS is provided to the customer as a cash sale, loan from a bank or micro-bank, integrated PAYG, pure PPA or operating lease, or some other variant of these basic models.
The total compensation cost of the 2021 Performance-based Grant was $1.5 million and will be amortized over a weighted-vesting period of 3.5 years.
On March 11, 2021, the Compensation Committee approved the 2021 executives' LTIP and, pursuant to which, CatchMark granted 202,930 performance-based LTIP Units to its executive officers and 44,180 shares of performance-based restricted stock to its eligible officers (the "2021 Performance-based Grant").
St. Clair College’s notional allocations will not be impacted by previous year performance, and will follow a graduated activation plan as follows: 2020-21* 2021-22* 2022-23 2023-24 2024-25 Differentiation Envelope $13,373,041 $18,649,377 $23,925,713 $29,202,050 $31,840,218 Performance-based Grant $10,702,813 $14,983,938 $19,265,064 $23,546,189 $25,686,752 * Activation of performance-based funding will not be in place for 2020-21 and 2021-22.
DENR shall coordinate with the Philippines' Performance-based Grant System Steering Committee responsible for implementing the Philippines' performance-based grant mechanism through MDFO, by which the LGUs participating the Project can use such grant for capacity building and/or capital investment under the Project.
No HEI shall be eligible for a Performance-based Grant until it has attained sufficient management capacity as determined on the basis of the results of an external panel review of annual technical and financial audits to assess the level of capacity built.
Except as the Bank shall otherwise agree, the Project Implementing Entity shall not assign, amend, abrogate or waive any Performance-based Grant Participation Agreement or any of its provisions.
Each of the Project Implementing Entities shall only use the proceeds of the Performance-based Grant for financing Eligible Expenditures (as defined in Section IV, paragraph A.1 of Schedule 2 to the Co-financing Agreement) under Part A.1 of the Project.