Administration of the Fund. 12.7.1 The Leave Pay Fund shall be administered by the Council and all expenses incurred in connection with the administration of the Leave Pay Fund shall form a charge against the Council.
12.7.2 All monies paid to the Leave Pay Fund shall be invested as provided for in terms of section 53 (5) of the Act and any interest accruing from such investment shall accrue to the general funds of the Council in consideration of the Council’s administration of the Fund. The Council shall keep a record of each employee in respect of whom payments are made in terms of this clause and the amount paid to the employee.
12.7.3 The Leave Pay Fund shall be paid to employees concerned to serve as Leave Pay. Each employee shall be paid Leave Pay monies equal to the amount deposited into the Leave Pay Fund in respect of him during the year ending on the last pay week of September each year.
12.7.4 Any employee employed continuously during the year from the first pay week in October of the previous year to the last pay week in September of the current year shall receive Leave Pay monies during December of that year of not less than two weeks’ normal wages. Any shortfall shall be paid to the employees by the employer.
12.7.5 Leave Pay monies which remains unclaimed for a period of two years from the date on which they become payable shall accrue to the general funds of the Council: Provided that the Council shall be liable for payment from the Council’s general funds of any Leave Pay monies due and claimed during a further period of three years after such accrual to the Council’s general funds. Should the Council be dissolved within any or either of the periods mentioned herein, such monies shall finally accrue to the general funds of the Council three months after the date of such dissolution. However, if any claim for Leave Pay monies is proved successfully by an applicant while the Council is still in existence, it shall remain obliged to pay that Leave Pay monies.
Administration of the Fund. (a) For the purpose of administering this fund, the year shall be divided into three (3) periods with one-third (1/3) of the total amount in the fund allocated for expenditure in each period.
(b) Applications received by December 1, February 1, April 1, June 1, August 1 and October 1 will be reviewed and approved/rejected within thirty (30) days.
(c) Applications received after the dates specified will receive consideration within thirty (30) days of receipt. Any grant approved will depend upon the availability of funds allocated to that expenditure period.
(d) Any funds unexpended to the end of a period will be carried forward for expenditure in subsequent periods. Funds may be carried from one (1) fiscal year to the next.
(e) Approval for funding may be approved retroactively.
(f) Preference shall be given to an application which clearly shows that the activity to be funded is part of the employee's plan for career development, over an application for funding for an activity unrelated to any plan.
(g) The funds shall be used for credit and credit-free courses and activities.
(h) No single employee shall be sponsored for education and training at a total cost to the fund in excess of seven hundred dollars ($700) in one (1) fiscal year for tuition fees, course materials and travel expenses. The cost of travel expenses shall not exceed the cost of tuition fees.
(1) Activities shall be funded up to one hundred percent (100%) of the cost of tuition, not to exceed the limit outlined in 21.4(h).
(2) Preference will be given to activities offered by an accredited recognized institution and/or a professional association which form part of a course of studies leading to a diploma, certificate, or degree.
(j) The fund shall be charged only for replacement salaries, tuition fees, and/or course materials.
(k) If the activity only occurs during the employee's normal working hours, it is understood that if the Sub-committee approves the application for the employee to attend the activity, the Employer shall grant the employee leave with pay/partial pay/without pay as decided by the Sub-committee.
Administration of the Fund. The District's conference and travel fund for Faculty Members will be divided into two parts to be administered as herein provided. Eighty percent (80%) of the fund will be allocated to the College's academic divisions or approved unit proportionate to the number of Full-Time Faculty Members in each respective division and shall be administered by the Deans of the divisions as provided in Section 4. Twenty percent (20%) of the fund will be allocated to the College Conference Committee, provision for which is set forth in Section 5 of this Article.
Administration of the Fund. (a) The administration of the Fund shall be vested in an administrative committee consisting of three employers' representatives and three employees' representatives appointed by the Council or Regional Chamber. For each representative an alternate shall be appointed.
(b) Two employers' representatives and two employees' representatives shall constitute a quorum and all matters shall be determined by a majority vote.
(c) All expenses of administration shall be a charge against the Fund.
(d) The Council or Regional Chamber shall appoint a public accountant or accountants whose remuneration shall be paid out of the Fund. The accounts shall be audited every year for the annual period ending 31
Administration of the Fund. The Fund shall be administered under the Terms and Conditions for Component Funds, which is attached as Exhibit A and incorporated by reference herein, including any adopted changes or amendments thereto and approved by The Community Foundation Board of Trustees.
Administration of the Fund. 12.5.1 The Holiday Bonus Fund shall be administered by the Council and all expenses incurred in connection with the administration of the Holiday Bonus Fund shall form a charge against the Council.
12.5.2 All moneys paid to the Holiday Bonus Fund shall be invested as provided for in terms of section 53 (5) of the Act and any interest accruing from such investment shall accrue to the general funds of the Council in consideration of the Council’s administration of the Fund. All payments from the Holiday Bonus Fund shall be by cheque drawn on the Fund’s account and such cheques shall be signed by three persons duly authorised by the Council. The Council shall keep a record of each employee in respect of whom payments are made in terms of this clause and the amount paid to the employee.
12.5.3 The Holiday Bonus moneys shall be paid to employees concerned to serve as a holiday bonus on the following basis: Each employee shall be paid a holiday bonus equal to the amount deposited into the Holiday Bonus Fund in respect of him during the year ending on the last pay week of September each year.
12.5.4 Any employee employed continuously during the year from the first pay week in October of the previous year to the last pay week in September of the current year shall receive a holiday bonus moneys during December of that year calculated in accordance with the formula reflected in Schedule 1 of the prevailing Collective Agreement.
12.5.5 Holiday bonus moneys which remain unclaimed for a period of two years from the date on which they become payable shall accrue to the general funds of the Council: Provided that the Council shall be liable for payment from the Council’s general funds of any holiday bonus moneys due and claimed during a further period of three years after such accrual to the Council’s general funds: Provided further that should the Council be dissolved within any or either of the periods mentioned herein, such moneys shall finally accrue to the general funds of the Council three months after the date of such dissolution.
Administration of the Fund. A standing Joint Committee will be established comprising two representatives from the University and two representatives from CUPE 4163, Component 3. The Union members will be appointed for a period of one year with possible re-appointment for subsequent one-year terms as determined by CUPE 4163. The Committee will receive and review applications for professional development funds and allocate funds in accordance with the criteria and procedures set out in these guidelines.
Administration of the Fund. The Fund shall be administered by the ASEAN Secretariat in accordance with the terms and conditions contained in the attached Terms of Reference of the ASEAN+3 Finance Cooperation Fund (hereinafter referred to as “the Terms of Reference”), which shall form an integral part of this Agreement.
Administration of the Fund. The Fund shall be administered under the Procedures for Operation of Donor Advised Funds approved by The Community Foundation. It is understood that the Fund shall be charged regularly for a proper allocation of the administrative expenses attributable to its creation and maintenance.
Administration of the Fund. The Fund shall be responsible for and shall bear a fair portion of the total administrative costs of the Community Foundation of the Lowcountry. The administrative cost charged against the Fund shall be determined in accordance with the then current Fund Minimums and Annual Fee Schedule identified by the Community Foundation as the fee structure applicable to funds of this type. The Donor(s) acknowledges receiving a copy of the Community Foundation’s current Fund Minimums and Annual Fee Schedule in conjunction with establishment of the Fund.
