Approval by Trustees. The undersigned parties acknowledge that the provisions of this Article and the participation of the employees covered by it are subject to approval by the Trustees of the Fund and that the Trustees reserve the right to terminate, at their sole and unreviewable discretion, the participation of the employees covered by this Agreement and to establish the level(s) of benefits to be provided. Termination may be directed by the Trustees for reasons including, but not limited to, failure of the Employer to timely pay contributions and expiration of a Collective Bargaining Agreement. The parties further acknowledge that the Trustees’ acceptance for participation in the Fund of the employees covered by the Collective Bargaining Agreement is limited only to the categories of employment covered by the Collective Bargaining Agreement at the time application for acceptance occurs and the admission of other categories of employment to participate in the Fund will require specific acceptance by the Trustees.
Approval by Trustees. This Agreement will not take effect with respect to any Class of a Covered Fund until approved by a majority vote of (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the "Independent Trustees"), cast in person at a meeting called for the purpose of voting on this Agreement.
Approval by Trustees. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Trustees of the Trust and (b) those Trustees who are not interested persons of the Trust and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the 'Independent Trustees'), cast in person at a meeting called for the purpose of voting on this Agreement.
Approval by Trustees. The undersigned parties acknowledge that the provisions of this agreement and the participations of the employees covered by it are subject to approval by the Trustees of the fund and that the Trustees of the Fund and that they Trustees reserve the right to terminate, at their sole and non-reviewable discretion, the participation of the employees covered by this agreement. Such termination may be directed by the Trustees for reasons including, but not limited to, a decline in the average number of hours reported by the Employer to timely pay contributions, and expiration of a Collective Bargaining Agreement. If the Trustees should deny participation for any reason, the contributions provided herein will be added to the employees’ wages. GCA SERVICES GROUP SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 49 APPENDIX B PARTICIPATION AGREEMENT FOR THE SEIU NATIONAL INDUSTRY PENSION FUND BETWEEN SEIU LOCAL 49 AND GCA SERVICES GROUP
Approval by Trustees. (i) Notwithstanding the foregoing, any real estate dispositions will require the prior approval of the Board of Trustees. The Advisor will deliver to the Board of Trustees all documents required by it to properly evaluate the proposed disposition.
