SAMM definition
Examples of SAMM in a sentence
Staff costs as set out in the SAMM Strategy will be increased in line with any annual pay increase and changes to pension and national insurance contributions required by the Delivery Body.
The Delivery Body will have responsibility for a Programme of Investment and the day-to-day management and implementation of the Project and of the agreed Project Deliverables (subject to the receipt of the SAMM Contributions and availability of SAMM Contributions for expenditure on the Project Deliverables in accordance with Schedule 2 and the Programme of Investment).
The increase in the SAMM Contribution will be agreed and set in March each year and brought into effect on 1st April each year.
The Parties agree that the National Trust will be the Delivery Body and authorise it to sign agreements in relation to the implementation of the agreed and approved Project Deliverables of the SAMM Programme.
Where there is a shortfall/ deficit in the SAMM Contribution as a result of the final costs being above the relevant contribution by a Party, it will be the responsibility of the Delivery Body to raise this matter with the Partnership Steering Group, within a period of 12 months of payment.
The total SAMM Contributions to be paid by the Partner to the Collecting Authority will be set out in Schedule 2 and are to be adopted by the Partners as a material consideration in the determination of Planning and development related applications.
The Collecting Authority shall send the SAMM contributions to the Delivery Body no later than 28 days following the receipt of the contributions paid by each Partner.
The Delivery Body will hold and/or invest the SAMM Contributions paid to it in accordance with Schedule 3 and report to the Partnership Steering Group in accordance with Schedule 4 and Clause 2.1 above.
The Partnership Steering Group will subsequently review the SAMM contributions going forward alongside the Collecting Authority.
Each Partner will be responsible for monitoring contributions received and forecasting their future SAMM Contribution income in accordance with Schedule 2 to this agreement.