Grant Conditions Sample Clauses
The Grant Conditions clause sets out the specific requirements and obligations that must be met for a grant to be awarded or maintained. These conditions may include compliance with reporting standards, achievement of certain milestones, or adherence to legal and regulatory requirements. By clearly outlining what is expected from the grant recipient, this clause ensures that both parties understand the criteria for receiving and retaining funding, thereby reducing misunderstandings and helping to ensure that the grant is used as intended.
Grant Conditions. The grant of the Restricted Shares is subject to the grant conditions set forth in Appendix A. The Restricted Shares will be issued only upon the satisfaction of the grant conditions set forth in Appendix A. If the grant conditions set forth in Appendix A are not satisfied as required in Appendix A, then this Award and the grant of the Restricted Shares shall lapse. Further, if the Grantee satisfies the grant conditions but prior to the end of the applicable Plan Year terminates employment with the Company this Award and the grant of the Restricted Shares shall lapse unless the Grantee:
(a) Separates from Service due to Retirement; or (b) terminates employment with the Company due to death or Disability, in which case the number of Restricted Shares issued hereunder shall equal the number of Restricted Shares otherwise issuable, multiplied by a fraction the numerator of which is the number of days the Grantee was actively employed during the Plan Year and the denominator is 365.
Grant Conditions. By accepting the Grant, Applicant specifically agrees to the following:
(a) Applicant attests that the Project has been approved by Applicant’s required officers, managers and/or employees.
(b) The Applicant shall provide the County with all final, fully signed documents outlined in paragraphs 4(a) and 4(b), above, and any agreements necessary to implement the Project.
(c) Applicant shall ensure the Project’s completion according to the terms of this Agreement including any documentation required in paragraph 4(a) and 4(b), above.
(d) Applicant shall notify the County in writing within 15 business days of (i) Applicant’s discovery of any breach of paragraph 4(a), above, (ii) any written notice by Applicant or a third party contractor of Applicant directly involved with the Project that may be responsible to implement or oversee the Project of any breach of paragraph 4(a), above; or (iii) any request for amendment of paragraph 4(a), above, by any party. Any material amendment to paragraph 4(a) shall require the County’s prior written approval, which approval shall not be unreasonably withheld, denied or delayed.
(e) Applicant shall maintain detailed files on the status of the Project, and make them available for review with reasonable advance, written notice to Applicant by the employees, representatives and/or independent contractors authorized by the County and identified by County notice to Applicant. The files will include, at least, any agreement in paragraph 4, above, and any amendments, any and all full monitoring reports, notices required by paragraph 5(d), status and resolution of compliance issues and any records of transfer of Owner’s interest.
Grant Conditions. The Administrator, acting in its sole and absolute discretion, may select from time to time Employees and Consultants to receive grants of Performance-Based Restricted Stock in such amounts as the Administrator may, in its sole and absolute discretion, determine, subject to any limitations provided in the Plan. The Administrator shall make each grant subject to the attainment of certain performance targets. The Administrator shall determine the performance targets which will be applied with respect to each grant of Performance-Based Restricted Stock at the time of grant, but in no event later than 90 days after the commencement of the period of service to which the performance targets relate. The performance criteria applicable to Performance-Based Restricted Stock grants will be one or more of the following criteria: (i) Common Stock price; (ii) average annual growth in earnings per share; (iii) increase in shareholder value; (iv) earnings per share; (v) net income; (vi) return on assets; (vii) return on shareholders’ equity; (viii) increase in cash flow; (ix) operating profit or operating margins; (x) revenue growth of the Company; and (xi) operating expenses. The related Restricted Stock Agreement shall set forth the applicable performance criteria and the deadline for satisfying the performance criteria.
Grant Conditions. The Administrator acting in its sole and absolute discretion may make the grant of Restricted Stock which is not Performance-Based Restricted Stock to a Grantee subject to the satisfaction of one, or more than one, objective employment, performance or other grant condition which the Administrator deems appropriate under the circumstances for Employees or Consultants generally or for a Grantee in particular, and the related Restricted Stock Agreement shall set forth each such condition and the deadline for satisfying each such grant condition.
Grant Conditions. (a) General terms and conditions of the sector Grants shall include conformance to the plans, strategies, budgets, project specifications, architectural and engineering specifications, performance standards, and other criteria developed by the Government of the Federated States of Micronesia and concurred with by the Committee.
(b) After consultation with the Government of the Federated States of Micronesia, the Government of the United States may recommend that the Committee attach certain terms and conditions to an annual allocation to assist the Government of the Federated States of Micronesia to achieve the goals of the sector Grant.
(c) Other special conditions or restrictions may be required by the Government of the United States during the course of the Grant year if it determines that the Government of the Federated States of Micronesia or a Sub-Grantee has a history of unsatisfactory performance, is not financially stable, has not conformed to terms and conditions of previous awards, or is otherwise not responsible. Special conditions or restrictions may include:
(1) Payment on a reimbursement basis;
(2) Withholding authority to proceed to the next phase of the Grant until receipt of evidence of acceptable performance within a given period;
(3) Requiring additional, more frequent and/or detailed financial reports;
(4) Providing for additional project monitoring;
(5) Requiring the acquisition of technical or management assistance; and
Grant Conditions. (a) Subject to and upon the closing of the Acquisition of the Assets, the Company will issue to Consultant Options (the “Initial Options”) to purchase Fifty Thousand (50,000) restricted shares of the Company’s common stock.
(b) If the Assets as implemented by the Company are able to process at least 150,000 transactions by December 31, 2013, the Company shall thereafter promptly issue to Consultant additional Options (the “Additional Options”) to acquire Fifty Thousand (50,000) restricted shares of its common stock. This clause survives the termination of the Consulting Agreement such that the Company will remain obligated to issue to Consultant the Additional Options if and when the Company meets the transaction generation test set forth in the first sentence of this subsection.
Grant Conditions a. The obligation of PFDR to make the Equity Grant pursuant to this Equity Grant Agreement is subject to the following conditions:
(i) PFDR’s listing application with The Nasdaq Stock Market (“Nasdaq”) in connection with the transactions contemplated by this Equity Grant Agreement shall have been conditionally approved and, immediately following the consummation of the Transaction, PFDR’s common stock shall have been approved for issuance on Nasdaq, subject only to official notice of issuance thereof and no suspension of the qualification of the Shares for offering or trading in any jurisdiction, or initiation or written threat of any proceedings for any of such purposes, shall have occurred and be continuing;
(ii) the Grantee shall have fully funded the VLN Commitment, subject to the terms of the Note Purchase Agreement;
(iii) the Grantee or its affiliates shall have acquired $75 million of (i) PFDR’s Class A ordinary shares pursuant to the Tender Offer, (ii) common stock of PFDR (after the Domestication) pursuant to the Private Placement or (iii) a combination thereof; and
(iv) the Closing shall have been consummated.
Grant Conditions. (a) General terms and conditions of Grants shall include conformance to the plans, strategies, budgets, project specifications, architectural and engineering specifications, performance standards, and other criteria developed by the Government of the Republic of the ▇▇▇▇▇▇▇▇ Islands and concurred with by the Committee.
(b) After consultation with the Government of the Republic of the ▇▇▇▇▇▇▇▇ Islands, the Government of the United States may recommend that the Committee attach certain terms and conditions to an annual allocation to assist the Government of the Republic of the ▇▇▇▇▇▇▇▇ Islands to achieve the goals of the Grant.
(c) Other special conditions or restrictions may be required by the Government of the United States during the course of the Grant year if it determines that the Government of the Republic of the ▇▇▇▇▇▇▇▇ Islands or a Sub- Grantee has a history of unsatisfactory performance, is not financially stable, has not conformed to terms and conditions of previous awards, or is otherwise not responsible. Special conditions or restrictions may include:
(1) Payment on a reimbursement basis;
(2) Withholding authority to proceed to the next phase of the Grant until receipt of evidence of acceptable performance within a given period;
(3) Requiring additional, more frequent and/or detailed financial reports;
(4) Providing for additional project monitoring;
(5) Requiring the acquisition of technical or management assistance; and
Grant Conditions. Before receiving any grant funds and as a condition of this Agreement, the Owner must execute a Mortgage and Note with the Village. In accordance with the terms of the Mortgage and Note executed by the Owner, the Village agrees to reimburse the Owner in an amount not to exceed $10,000 per building for improvements as described on the Scope of Work submitted by the Owner and approved by the Village prior to commencing the work, up to a maximum of $10,000 for the building. The Owner must match the Village’s grant on a 2:1 basis. Under the terms of this Agreement for this 50 unit building, the Village will expend the sum of $10,000 and the Owner will expend the sum of $20,000 for improvements and repairs. The funds expended by the Village under this Agreement shall be the last payment made for authorized building improvements and repairs.
Grant Conditions. Under the terms of this agreement, Richmond Community Foundation agrees to provide funds up to the total listed above for the project based upon the following conditions: