for other direct costs: as actually incurred costs (actual costs); for direct costs of providing financial support to third parties: [OPTION 1 for COSME Erasmus Young Entrepreneurs (to be used if Article 11a applies): on the basis of the amount(s) per unit set out in Annex 2a 2: not (‘unit costs’);][OPTION applicable;] for indirect costs: on the basis of a flat-rate applied as set out in Article 6.2.Point E costs’). (‘flat-rate 5.3 Final grant amount Calculation — The grant amount’ depends on the actual extent to which the action is implemented in ‘final accordance with the terms and conditions. Agreement’s This amount is calculated by the Agency when the payment of the balance is made in — — the following steps: Step 1 Application of the reimbursement rate to the eligible costs — Step 2 Limit to the maximum grant amount — Step 3 Reduction due to the no-profit rule — Step 4 Reduction due to improper implementation or breach of other obligations — 5.3.1 Step 1 Application of the reimbursement rate to the eligible costs — The reimbursement rate (see Article 5.2) is applied to the eligible costs (actual costs[, unit and flat-rate costs; see Article 6) declared by the beneficiaries costs] [and affiliated entities] (see Article 15) and approved by the Agency (see Article 16). 5.3.2 Step 2 Limit to the maximum grant amount — If the amount obtained following Step 1 is higher than the maximum grant amount set out in Article 5.1, it will be limited to the latter. 5.3.3 Step 3 Reduction due to the no-profit rule — The grant must not produce a profit. means the surplus of the amount obtained following Steps 1 and 2 plus the ‘Profit’ action’s total receipts, over the total eligible costs. action’s
for other direct costs: as actually incurred costs (actual costs); for direct costs of providing financial support to third parties: [OPTION 1 for COSME Erasmus Young Entrepreneurs (to be used if Article 11a applies): on the basis of the amount(s) per unit set out in Annex 2a (‘unit costs’);][OPTION 2: not applicable;] for indirect costs: on the basis of a flat-rate applied as set out in Article 6.2.Point E (‘flat-rate costs’). 5.3 Final grant amount — Calculation The ‘final grant amount’ depends on the actual extent to which the action is implemented in accordance with the Agreement’s terms and conditions. This amount is calculated by the Agency — when the payment of the balance is made — in the following steps: Step 1 — Application of the reimbursement rate to the eligible costs Step 2 — Limit to the maximum grant amount Step 3 — Reduction due to the no-profit rule Step 4 — Reduction due to improper implementation or breach of other obligations 5.3.1 Step 1 — Application of the reimbursement rate to the eligible costs The reimbursement rate (see Article 5.2) is applied to the eligible costs (actual costs[, unit costs] and flat-rate costs; see Article 6) declared by the beneficiaries [and affiliated entities] (see Article 15) and approved by the Agency (see Article 16). 5.3.2 Step 2 — Limit to the maximum grant amount If the amount obtained following Step 1 is higher than the maximum grant amount set out in Article 5.1, it will be limited to the latter. 5.3.3 Step 3 — Reduction due to the no-profit rule The grant must not produce a profit. ‘Profit’ means the surplus of the amount obtained following Steps 1 and 2 plus the action’s total receipts, over the action’s total eligible costs.
eweu_easme_model_grant_agreement_multi.docx