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Administration of Fund Sample Clauses

Administration of FundThe Fund shall be maintained and administered by the Foundation in accordance with all policies and procedures of the Foundation governing the management, investment, administration, and distribution of the Fund, including but not limited to the endowment spending, fee and investment policies, and any other such policies now in effect or as may be amended from time to time, as well as applicable state and federal law.
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Administration of Fund. The GISD Assistant Superintendent for Special Education will be the Administrator of the SEF (“SEF Administrator”). The SEF Administrator shall direct and supervise all facets of the SEF pursuant to the Partieswritten agreement described in Section 1 above. The SEF Administrator shall not be compensated by the SEF or by Plaintiffs.
Administration of FundThe Fund shall be administered as a component part of the Foundation, and as such shall be in all respects subject to the common governing instruments of the Foundation. These shall include, but are not necessarily limited to, TGKVF’s Articles of Incorporation and Bylaws, the Foundation’s Declaration(s) of Trust and Bylaws, the Foundation’s investment and spending policies, and all other rules, regulations, and policies of TGKVF and the Foundation, as the same may exist from time to time (collectively referred to as “Common Governing Instruments”), all of which are incorporated herein by reference.
Administration of FundThe Fund shall be held and administered under and subject to TGKVF’s Articles of Incorporation, as the same may be amended from time to time, the terms of which are incorporated herein by reference. The Fund shall further be administered in accordance with TGKVF’s Bylaws, advised fund procedures, investment and spending policies, and all other rules, regulations, and policies of TGKVF, as the same may exist from time to time (collectively referred to as “Policies and Procedures”), all of which are incorporated herein by reference.
Administration of Fund. As provided in Section 21677 of the Government Code, the Board has the exclusive control of the administration and investment of the Fund. As provided in Section 21676 of the Government Code, the Board may retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery, securities valuation, investment performance reporting, or other services in connection with the investment of the Fund. In addition, the Board may retain one or more investment managers or investment advisors to manage or participate in the management of the investment portfolios of the Fund. All expenses and fees incurred in the administration of the Fund shall be treated as Plan expenses under Section 11.4.‌
Administration of Fund. So long as it is the Manager and the provisions of this Agreement for compensation and reimbursement of expenses of the Manager are observed, the Manager shall have the responsibility of providing continuing administrative and executive support, advice, consultation, analysis and supervision with respect to the functions of the Fund, including decisions regarding refinancing and sale or other disposition of the Investments, and compliance with federal, state and local regulatory requirements and procedures. In this regard, the Manager may retain the services of its Affiliates or unaffiliated parties as the Manager may deem appropriate to provide management and financial consultation and advice, and may enter into agreements for the management and operation of Fund assets.
Administration of Fund. 15 Section 3.1 Initial Cost.....................................................................15 Section 3.2 Update Cost .....................................................................15
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Administration of Fund. (1) The general administration of the Fund and the responsibility for carrying out the provisions hereof shall be placed in a Retirement Board of seven persons appointed or elected to office as follows: (a) Three persons appointed by the Authority from time to time to serve at the pleasure of the Authority, at least one of whom shall be a Director. (b) One Member of the Fund elected by vote conducted by the Authority for a term of three years by Members of the Fund who are not members of the Union. (c) Two Members of the Fund to be designated by the Union to serve at the pleasure of the Union. (d) One person, to be known as the honorary member who shall have no vote except as hereinafter provided, to be elected, for such period as the Retirement Board may determine, by the other six (6) members of the Retirement Board. In the event the Retirement Board is unable to reach a decision on a replacement for the currently elected honorary member, disputes arising under Article VI, Section 5, shall be submitted to final and binding determination on a case by case basis before a temporarily appointed honorary member. Such temporary shall substitute for the Retirement Board's invitation to the honorary member to cast the deciding vote only for as long as the Retirement Board fails to elect a new honorary member. The temporary shall be selected from a list of seven (7) persons qualified to decide pension administrative issues, furnished by the American Arbitration Association. In an order determined by lot, each Board member shall be entitled to strike one name from the list until one name remains. Upon election of the Honorary Board Member, said member shall serve a term of up to three (3) years which may be renewed, without limit to the number of terms, by vote of the Board. The Board retains the authority to terminate the services of the Honorary Board Member at any time. (e) Each member of the Retirement Board other than the honorary member shall have an alternate who shall have been elected or appointed in the same manner and for the same terms as his principal, and who may act as a member of the Retirement Board in the absence of his principal and when so acting shall be deemed a member of the Retirement Board. (2) Any person appointed or elected a member of the Retirement Board shall signify his acceptance by filing written acceptance with the Authority and with the Secretary of the Retirement Board. Any member of the Retirement Board may resign by delivering...
Administration of FundThe Contingency Fund shall be maintained in one or more investment accounts with the County holding the responsibility to achieve reasonable return on these funds and administering the accounts accordingly. Funds shall be released and used solely for the purpose of implementing any actions described in this Section which are determined to be necessary or appropriate by the City and the County, under the recommendations of the City’s Streets Division and County Department of Waste & Renewables or similar departments.
Administration of FundThe Foundation shall administer the Fund in accordance with the following:‌ (a) The Foundation shall maintain the Fund as long as it is needed for the purposes described in this Agreement. Accordingly, the Foundation shall not terminate the Fund without ob- taining written confirmation from the City that the Program has concluded. (b) While the Fund is in existence, it must be held at a financial institution in the United States that is customary and appropriate for a fund of this type at the Foundation. The Fund may be held in an interest-bearing account, but the Foundation shall not invest any monies in the Fund. (c) All monies in the Fund are sole property of the Foundation until paid to the City as a Dis- tribution. This includes any interest earned on the Fund and, if this Agreement is ever amended to allow investment of the Fund, any earning, dividend, or capital gain on the Fund. (d) The parties acknowledge that the Fund is not intended to be an “endowment fund” under the Florida Uniform Prudent Management of Institutional Funds Act, currently codified in Florida Statutes section 617.2104. Accordingly, the Foundation may make Distributions out of both principal and any income. (e) If the Foundation’s Board of Governors determines that the purposes for which the Fund was created have become unnecessary, incapable of fulfillment, undesirable, impractical, obsolete, or no longer adapted to the needs of the community, it is the Board’s responsibility to use the Fund for purposes that most nearly approximate, in the good faith opinion of the Board, the original purpose of the Fund. (f) The Foundation shall administer the Fund pursuant to (i) the applicable Florida Statutes; (ii) the Foundation’s Trust Agreement, as it may have been amended from time to time; and (iii) the Foundation’s bylaws. The Foundation shall have all powers of modification or removal of purposes of the Fund as specified in 26 CFR § 1.170A-9(f)(11)(v)(B). (g) All assets in the Fund will be a component part of the Foundation as defined in 26 CFR § 1.170A-9(f)(11), as amended, and not a separate trust or nonprofit corporation. The ex- clusive legal control over the Fund shall be vested with the Foundation.
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