Award Schedule Template

AWARD SCHEDULE TEMPLATE

THIS AWARD SCHEDULE (the Agreement) is entered into as of the Effective Date set forth below by and between:

Awarding Party Name:

Awarding Party Address:

Recipient Name:

Recipient Address:

WHEREAS

WHEREAS, the Awarding Party has determined to provide monetary awards, grants, or other compensatory awards (collectively, Awards) for the purpose of advancing the program, project, or services described in this Agreement; and

WHEREAS, the Recipient has represented that it possesses the qualifications, resources and ability to perform the scope of work and accept Awards under the terms and conditions set forth herein; and

WHEREAS, the parties desire to set forth a schedule of individual awards, payment terms, performance periods, and other administrative terms governing each Award;

SCOPE OF WORK

SCHEDULE OF AWARDS

The following schedule sets forth each Award to be issued under this Agreement. Each Award listed below is subject to the terms and conditions of this Agreement.

PAYMENT TERMS

Total Awarded Amount (aggregate): $

Invoices shall be submitted to the Awarding Party as specified in the Notices section. Payment will be due within calendar days of receipt of a correctly rendered invoice unless otherwise specified for a particular Award.

Late Fee: If payment is not made within the time specified, interest will accrue at per month on the outstanding balance, or the maximum rate permitted by law, whichever is lower.

TERM AND TERMINATION

Term Commencement Date:    Termination Date or Expiration:

Either party may terminate this Agreement for convenience upon days prior written notice to the other party. Termination for cause may be immediate upon written notice where the non‑breaching party identifies material breach and the breaching party fails to cure within days after receipt of notice.

CONFIDENTIALITY

For purposes of this Agreement, "Confidential Information" means non‑public information disclosed by one party to the other that is designated as confidential or that, under the circumstances surrounding disclosure, would reasonably be understood to be confidential. Each party shall: (a) hold Confidential Information in strict confidence; (b) not disclose Confidential Information to any third party except as permitted by this Agreement; and (c) use Confidential Information only for performance under this Agreement. Exceptions include information that is independently developed, already in possession without obligation of confidentiality, or becomes publicly available through no fault of the receiving party. Reasonable disclosures required by law shall be made only after giving prompt notice to the disclosing party.

NOTICES

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of laws principles.

ENTIRE AGREEMENT

This Agreement, together with any schedules or exhibits executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written. No amendment, modification or supplement to this Agreement shall be binding unless executed in writing by authorized representatives of both parties.

MISCELLANEOUS PROVISIONS

Severability: If any provision is found unenforceable, the remainder shall remain in full force. Waiver of any breach shall not constitute a waiver of any subsequent breach. The parties warrant that they have full authority to enter into this Agreement and to perform their obligations hereunder.

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