Committee Direction Sample Clauses

Committee Direction. Except as otherwise agreed in writing by the Trustee and the Committee, the Trustee shall take actions with respect to such contract only as directed in writing by the Committee. It is intended that the Trustee shall have no discretion whatsoever with respect to the provisions of such an insurance contract or the Trustee actions taken in connection with the contract. Notwithstanding any of the foregoing provisions of this Subsection to the contrary, the Trustee shall make no payment for investment in an insurance company account other than the general account of the insurance company, unless the insurance company has met the requirements of Section 3(38) of ERISA to serve as an Investment Manager as defined in ERISA and has acknowledged in writing that it is a fiduciary with respect to the Plan and the Trust. No transfer shall be made from the general account of any other account maintained by the insurance company until the requirements of the preceding sentence are met.
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Committee Direction. Subject to the provisions of Sections 4.5(m), 4.5A, 5.1 and 7, the Committee shall have full authority and responsibility to direct the Trustee with respect to the acquisition, retention, management, and disposition of all of the assets from time to time comprising the Company Stock Fund and the ESOP, and the voting of proxies thereon, and the Trustee shall have no duty or obligation to review the assets from time to time comprising such Company Stock Fund or ESOP, to make recommendations with respect to the investment, reinvestment or retention thereof, nor with respect to the voting of proxies thereon, except as would otherwise be required to meet the Trustee's obligations under the Trust, ERISA or any other applicable law. The Committee shall have the powers and duties with regard to the manner of giving direction to the Trustee which an Investment Manager would have under Section 5.1(c) and the Trustee shall be protected to the same extent as if those directions came from an Investment Manager. The Committee may, in its discretion (and shall in the case of matters described in Section 4.5(m)) appoint an Investment Manager (including without limitation SIMCO) to exercise the Committee's investment responsibilities with respect to the Company Stock Fund and ESOP and to perform those responsibilities described in Section 4.5(m). The provisions of Section 5.1 shall apply to such an appointment as if the Committee were the Named Fiduciary under those provisions.
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Committee Direction. The Committee may, by writing filed with the Trustee, assume investment responsibility over any portion of the Trust Fund designated by it as a Separate Investment Account. In addition, during any time when there is no Investment Manager (including the Trustee if appointed as an Investment Manager) appointed with respect to all or part of an Investment Fund (including a Separate Investment Account), the Committee shall direct the investment and reinvestment of such Account. With respect to assets of Separate Investment Accounts over which the Committee has assumed investment responsibility, the Committee shall direct the Trustee to invest and the Trustee shall invest the applicable Separate Investment Account in any property in which the Trustee could invest under this Trust. With respect to any Separate Investment Account for which the Committee has assumed investment responsibility, the Committee shall have all of the investment powers and duties granted to or imposed on the Trustee under the provision of Section 4.5. Subject to the provisions of Section 7, the Committee shall have full authority and the responsibility to direct the Trustee with respect to the acquisition, retention, management, and disposition of all of the assets from time to time comprising the Separate Investment Account being managed by the Committee and the voting of proxies thereon, and the Trustee shall have no duty or obligation to review the assets from time to time comprising such Separate Investment Account, to make recommendations with respect to the investment, reinvestment or retention thereof nor with respect to the voting of proxies thereon, except as would otherwise be required to meet the Trustee's obligations under the Trust, ERISA or any other applicable law. The Committee shall have the powers and duties with regard to the manner of giving direction to the Trustee which an Investment Manager would have under Section 5.1(c) and the Trustee shall be protected to the same extent as if those directions came from an Investment Manager.
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Committee Direction. 58 Section 9.11
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Committee Direction. The Committee, as a named fiduciary, may ------------------- direct the Trustee as to the investment of all or a portion of the assets of the Trust Fund.
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Committee Direction. No payment from the Trust Fund will be made by ------------------- the Trustee for purposes of the payment of any Plan benefit except on the direction of the Committee, and except as otherwise agreed to in writing, the Trustee will have no duty or obligation whatsoever to inquire as to the accuracy of such direction or its propriety in light of the provisions of the Plan, ERISA or the Code. Upon direction (which may be a continuing direction) from the Committee as to the name of any person to whom payment is to be made from the Trust Fund and when such payment is to be made and the amount and manner of such payment, and consistent with the income tax withholding requirements, the Trustee will draw checks, make electronic funds transfers or distribute other assets from the Trust Fund in the name of the person designated by the Committee and deliver such checks or other assets or make such transfers in such manner and in such amounts and at such times as the Committee directs.
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Related to Committee Direction

  • Committee Discretion The Committee has full discretion with respect to any actions to be taken or determinations to be made in connection with this Agreement, and its determinations shall be final, binding and conclusive.

  • Committee Mandate The mandate of the Redeployment Committee is to: (1) Identify and propose possible alternatives to the proposed layoff(s) or elimination of position(s), including, but not limited to, identifying work which would otherwise be bargaining unit work and is currently work contracted-out by the Hospital which could be performed by bargaining-unit employees who are or would otherwise be laid off; (2) Identify vacant positions in the Hospital or positions which are currently filled but which will become vacant within a twelve (12) month period and which are either: (a) within the bargaining unit; or (b) within another CUPE bargaining unit; or (c) not covered by a collective agreement. (3) Identify the retraining needs of workers and facilitate such training for workers who are, or would otherwise be, laid off. (4) Subject to article 9.11, the Hospital will award vacant positions to employees who are, or would otherwise be laid off, in order of seniority if, with the benefit of up to six (6) months retraining, an employee has become able to meet the normal requirements of the job. (5) Any dispute relating to the foregoing provisions may be filed as a grievance commencing at Step 2.

  • Board Committees The Director hereby agrees to sit in the relevant committees of the Board and to perform all of the duties, services and responsibilities necessary thereunder.

  • Committee Rules Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws.

  • Benefits Committee As per LOA#10, a benefits committee comprised of the employee representatives and the employer representatives, including the Crown, shall convene upon request to address all matters that may arise in the operation of the OSSTF ELHT.

  • Selection Committee A. Each building site will appoint a selection committee for the TLS. The committee shall be comprised of equal numbers of teachers and administrators and at least one teacher will be appointed by the Des Moines Education Association. B. The committee will accept and review application for a TLS position and will make recommendations to the hiring administrator. In developing recommendations, the committee will utilize measures of teacher effectiveness and professional growth, consider the needs of the school district and review the performance and professional development of the applicants. Teachers who are selected must meet all of the qualification contained in the TLS grant and contained in the law.

  • Consultative Committee (a) To assist in creating a stable and co-operative environment for the project, a consultative committee has been established which shall operate in accordance with its charter. It is not the objective of parties to this clause that the committee would over-ride the function and responsibilities of management or unions.

  • Committee Determination Any adjustments or other action pursuant to this Section 4 shall be made by the Committee, and the Committee's determination as to what adjustments shall be made or actions taken, and the extent thereof, shall be final and binding.

  • Conference Committee The Conference Committee shall meet at least quarterly. It shall consist of the three elected representatives of the nurses plus one clinical unit representative appointed by the nurse bargaining unit, and an Association staff member, and five representatives of the Employer to include the Chief Nursing Executive and/or designee and one member of the Employer’s contract negotiating team. The purpose of the Conference Committee is to act in an advisory capacity to xxxxxx problem solving through communications between the Employer and nurses in the bargaining unit and deal with matters of nursing practice and general concern to the parties. Major organizational or policy changes in the nursing department that have a direct bearing on nursing practice or working conditions shall be an appropriate subject for discussion by the Conference Committee. Attendance at Conference Committee will be considered work time and will be paid at the regular rate of pay. A general group “grievance” as defined in this Agreement coming before the Conference Committee which is not resolved by the parties may be submitted in accordance with Article 18 at Step Two of the Grievance Procedure.

  • Review Committee A Committee of six members, three each from the Guild and shall be named. Any disputes arising under this Agreement shall be put before this Committee for resolution. When the Committee is unable to resolve an issue it is agreed that a third party will be named by mutual agreement of the parties to provide Arbitration for binding resolution. Failing such an appointment by the Committee either party may refer it to arbitration under Article of the Collective Agreement.

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