Type B Matching Funds Clause Samples

The 'Type B Matching Funds' clause establishes a requirement for one party to provide funds that match, either fully or partially, the contributions made by another party, typically in the context of grants or joint ventures. In practice, this clause may specify the percentage or amount of matching funds required, the eligible sources for such funds, and the timeline for providing them. Its core function is to ensure shared financial commitment and risk between parties, thereby encouraging investment and collaboration while leveraging additional resources for the project or initiative.
Type B Matching Funds. Private-sector participant provided funding from non-federally-reimbursed sources (That portion of project or program costs not borne by the Federal Government. Examples include funding from profit or a fraction of the project labor charged to overhead that reflects the fraction of company revenue from non-federal contracts). Public-sector participant provided funding (formerly called ‘Donated services’ from naval shipyards & federal labs).
View SourceView Similar (6)
Type B Matching Funds. To the maximum extent practicable, matching funds should come from these sources.
View SourceView Similar (3)

Related to Type B Matching Funds

  • Matching Funds The Recipient shall, at a minimum, contribute not less than twenty-five percent (25%) of the total Cost of Project as set forth in Appendix D of this Agreement. The Matching Funds shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement. In the event that the total actual Project costs exceed the estimated Cost of Project identified in Appendix D, the OPWC shall not be required to increase the maximum amount of the grant provided herein and the Recipient shall increase its Matching Funds to meet such actual Cost of Project.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts: