Program Funding Clause Samples
The Program Funding clause defines how financial resources are allocated and managed for a specific program under an agreement. It typically outlines the amount of funding provided, the schedule or conditions for disbursement, and any requirements for documentation or reporting of expenditures. This clause ensures that both parties understand the financial commitments involved and provides a clear framework for the distribution and oversight of funds, thereby reducing the risk of misunderstandings or disputes over payment and resource allocation.
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Program Funding. Upon entry into force of this Compact in accordance with Section 7.3, MCC will grant to the Government, under the terms of this Compact, an amount not to exceed Four Hundred ▇▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$459,500,000) (“Program Funding”) for use by the Government to implement the Program. The allocation of Program Funding is generally described in Annex II.
Program Funding. Expenditures for this program shall be fully funded by revenues made available through passage of AB1X (1999, Villaraigosa) or successor legislation. The District will make every effort to minimize the actual administrative costs associated with this program.
Program Funding. It is understood that the EAP will not result in any additional cost as a result of the implementation or operation of the program, except as may be agreed to by the Company.
Program Funding. Each year, following the allocation of revenues necessary to operate the Participating Teacher component of the Peer Review and Enrichment Program as set forth in this Article, revenue received pursuant to the Peer Review and Enrichment Program (PREP) will be allocated and distributed to the sites and qualified programs on a per classroom teacher basis for the PEP. Expenditures of these funds will be governed by the process set forth below.
18.6.3.1. As used in this article, any reference to the governance team refers to the principal (or designee) and SDEA bargaining unit members of the team.
18.6.3.2. The Committee shall be composed of the principal/designee, the site Association Representative (“AR”), and one classroom teacher from the governance team who has been elected by secret ballot of the unit members on the team.
18.6.3.3. The District and SDEA will jointly plan and present training for the principal and the AR of each governance team for the purpose of fostering a mutual understanding of the PREP as determined by the PREP Joint Panel after review and evaluation of previous training.
18.6.3.4. Qualified programs are those that include classroom teachers, e.g, Life Skills.
Program Funding. It is the intent of this MEMORANDUM to provide for a fully funded PROGRAM by any or all of the following: pooling risk; purchasing individual stop loss coverage to protect the pool from large claims; and purchasing aggregate stop loss coverage.
Program Funding. MCC hereby grants to the Government, under the terms of this Compact, an amount not to exceed Four Hundred Sixty-Four Million Eight Hundred Forty-Two Thousand Five Hundred and Four United States Dollars (US$464,842,504) (“Program Funding”) for use by the Government to implement the Program. The allocation of Program Funding uses is generally described in Annex II to this Compact.
Program Funding. The County has agreed, subject to appropriation, and pursuant to the Industrial Development and Revenue Bond Act of the Code of Virginia of 1950, as amended, to allocate and provide $650,000 in funding to the ▇▇▇ to be used for individual grants of at least $25,000 and no more than $50,000 each.
Program Funding. Upon entry into force of this Compact in accordance with Section 7.3, MCC shall grant to the Government, under the terms of this Compact, an amount not to exceed One Hundred Eighty Million Seven Hundred Fifty-One Thousand Two Hundred Fifty-Nine United States Dollars (US$180,751,259) (“Program Funding”) for use by the Government to implement the Program. The multi-year allocation of Program Funding is generally described in Annex II.
Program Funding. 31.4.1 The Joint Panel shall establish and administer the PAR budget as allocated under AB1X legislation, subject to approval by the Board of Trustees. As appropriate, the Joint Panel shall recommend allocating additional PAR budget expenditures for programs such as, but not limited to:
31.4.1.1 The ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Beginning Teacher Support and Assessment Program as set forth in Article 4.5 of Chapter 2.
31.4.1.2 Any program that supports the training and/or professional development of permanent teachers.
31.4.1.3 Any program that supports the training and professional development of new teachers including, but not limited to, the Beginning Teacher Academy.
Program Funding. The Parties agree and acknowledge that pursuant to the terms of the Original Agreement, Merck has previously paid Moderna a one-time payment of Two Hundred Million Dollars (U.S. $200,000,000) (the “Upfront Payment”), which payment will be non-refundable, non-creditable, not subject to set-off, and not be reduced by any withholding or similar taxes. Subject to Sections 3.5(d) and 3.7(b) and Exhibit D, Moderna shall utilize the Upfront Payment for the performance of Collaboration Activities for the PCV Program under this Agreement.