Criteria for allocation of the Community’s financial contribution Sample Clauses

Criteria for allocation of the Community’s financial contribution. Upon decision of the governing Board, the Community's financial contribution is allocated by the Coordinator between the Consortium Members receiving a financial contribution from the community ('Funded Members'), based on the forecasted budget, proportionally to their respective contributions for research and/or demonstration and/or other activities ad defined in the EC decision no. 1513/2002 at the respective rate of 50%, 35% and 100%. The Governing Board may decide on staggered payments of the contribution to a Funded Member for justified reasons. No distribution of funds to a Funded Member may take place prior to the signature of the Consortium Agreement and of the EC Contract by the said Funded Member.
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Criteria for allocation of the Community’s financial contribution. Each Contractor shall bear its own costs incurred in connection with the performance of the Contract and this Consortium Agreement, carrying out of the Network activities and implementation of the Network. The costs for each audit shall be reimbursed up to an amount of < € 800 of the management budget. Costs exceeding this amount are to be borne by the respective Contractors. The financial contribution of the Commission will be distributed according to the Contract, this Consortium Agreement (Appendix 8 for the first 18 months) and the decisions of the Governing Board. The Coordinator shall receive all payments made by the Commission. The Coordinator will transfer, in accordance with the Contract, this Consortium Agreement (Appendix 8 for the first 18 months) and the budget allocation decided by the Governing Board the appropriate sums to the respective Contractors at the maximum rate of 100% concerning Network of Excellence. The advance payments from the Commission shall be deposited into a separate account. The transfer to the individual Contractor will be made in instalments according to Article 7.1.3 of this Consortium Agreement. The first instalment will be transferred with minimum delay, but not later than thirty (30) calendar days from the receipt thereof from the Commission. The second and subsequent instalments will be released by the Coordinator depending on the decision of the Scientific Management Board about completion of Activities and/or timely submission of Network deliverables described in 7.1.3. Such separation shall be made in accordance with the Contract. The Coordinator shall notify each Contractor promptly of the date and amount transferred to its respective bank account, and shall give the relevant references. The Scientific Management Board may decide on staggered payments of the contribution to a Contractor for justified reasons. No distribution of funds to the Contractors may take place prior to the signature of the Consortium Agreement and of the EC Contract by the said Contractor.
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Criteria for allocation of the Community’s financial contribution. The HP3GB shall periodically review the Budget and its allocation between the Beneficiaries, taking into account their respective contributions to the Project. No distribution of funds to a Beneficiary may take place prior to the signature of the Grant Agreement and the Consortium Agreement by the said Beneficiary.
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Related to Criteria for allocation of the Community’s financial contribution

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

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  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Monitoring of Contribution Limitations Information The Custodian shall not be responsible for monitoring the amount of contributions made to the designated beneficiary’s account or the income levels of any depositor or contributor for purposes of assuring compliance with applicable state or federal tax laws.

  • Administration of the Contributions 1.1. The Bank shall be responsible only for performing those functions specifically set forth in this Agreement and shall not be subject to any other duties or responsibilities to the Donors, including, without limitation, any duties or obligations that might otherwise apply to a fiduciary or trustee under general principles of trust or fiduciary law. Nothing in this Agreement shall be considered a waiver of any privileges or immunities of the IBRD and XXX under their Articles of Agreement or any applicable law, all of which are expressly reserved.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • CONTRIBUTIONS TO COMPANY WEBSITE Xxxxxxx Roofing may provide an area for our user and members to contribute feedback to our website. When you submit ideas, documents, suggestions and/or proposals ("Contributions") to our site, you acknowledge and agree that:

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