In-Kind Contribution Clause Samples
An In-Kind Contribution clause defines the provision of goods, services, or resources instead of monetary payments as part of a contractual agreement. This clause specifies what types of non-cash contributions are acceptable, such as equipment, labor, or expertise, and may outline how these contributions are valued and documented. Its core practical function is to allow parties to fulfill obligations or support a project without direct financial expenditure, thereby increasing flexibility and resource availability in the arrangement.
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In-Kind Contribution. Contractor represents that it has made a financial commitment to training and will not use ETP funding to displace its own training resources. In addition, Contractor represents that In-Kind Contributions of $00,000 will be made to the cost of training, through wages paid during the hours of training and other valuations made in accordance with Title 22, California Code of Regulations (CCR), Section 4401.1.
In-Kind Contribution the in-kind contribution of a Party to this Project according to the Project Budget as attached to this agreement in Schedule [ • ];
In-Kind Contribution. The State may provide in-kind contract management support to further support the operations of the [insert].
In-Kind Contribution. Each Party’s in-kind contribution will be provided in accordance with the tasks, lists of items and the timetables set forth in the Project Plan in order to enable the Parties to meet the work schedule for the Project. The legal title to the equipment contributed in kind will remain with the Party who provided the equipment, unless agreed otherwise in the Project Plan. Parties shall use such contributed equipment solely for the purpose of the Project. In the event that a Party does not or does not fully meet its committed in-kind contribution, such Party shall be obliged to pay the monetary equivalent of such in-kind contribution to the Party to which such contribution was due, without prejudice to the right of the latter to claim compensation for the actual loss suffered.
In-Kind Contribution. The total in-kind contribution being made by the Industry Party amounts to [insert amount in words] thousand euro (€[insert amount in figures]) which is payable as follows: €[insert amount] On or before [insert date] €[insert amount] On or before [insert date] €[insert amount] On or before [insert date] The amounts set out above are an estimate only and can be adjusted from time to time.
In-Kind Contribution. 1.1. Definition and general principles of in-kind contribution
1.2. Indicatives types of eligible in-kind contribution
1.3. Methodology for calculating the in-kind contribution
5.1. Direct costs In the absence of time sheets, the EFPIA company must substantiate the cost claimed by reasonable means (alternative evidence) giving an equivalent level of assurance. Depending on the characteristics of the EFPIA company and/or on the operation in question, it is possible that some costs can be considered either direct costs or indirect costs, but no cost can be taken into account twice as a direct cost and as an indirect cost. Please also refer to Part 1- Section 2.5 direct costs and Section 2.6 indirect costs. In some EFPIA companies, the standard average FTE rate may already include costs for general consumables, plus indirect costs. Companies that already include indirect costs in FTEs and in "Fully-loaded" FTE may not claim the 20% indirect costs on top, as this would result in a double charging for indirect costs. As a reminder indirect costs apply to all direct costs except sub-contracting costs and except costs of third parties incurred outside premises of the EFPIA company.
In-Kind Contribution. Contractor represents that it shall contribute at least $00 in training or related costs associated with this Agreement.
In-Kind Contribution. VaxGen hereby agrees to invest the Technology in the JVC by means of an in-kind contribution in return for 7,800,000 common shares in the JVC at the price of 5,000 Won per share.
In-Kind Contribution. LSF, as a grantee of the Head Start Program, is required to obtain in-kind contributions to enhance the quality and effectiveness of the Program, supporting its mission to provide essential services and resources to the community. The Vendor's in-kind contribution will be utilized to further the development and implementation of these services, ensuring the Program can continue to have a positive impact. In the event the Vendor elects to provide an in-kind contribution, the Vendor shall notate the contribution amount on the quote to allow LSF to properly claim the in-kind contribution.
In-Kind Contribution a non-financial contribution in the form of voluntary activities through which the Project Promoter and/or the Partner contributes to the implementation of the Project.