Common use of DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY Clause in Contracts

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded by the Board of Trustees, by action of the Board actionof Trustees, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.7 shall not alter the limits on Supplemental Payments described in this Article IV, including Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 10.1, below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party designated in this Agreement, unless Applicant receives an unambiguous written notice from the District that such payments are to be made to a different partyparty as provided in this Section 6.5.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.7 shall not alter the limits on Supplemental Payments described in this Article IV, including Sections 6.2 6.2, 6.3 and 6.36.4, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.7 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, Agreement unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the District's Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments 's payment obligations under this Article VI (“Directed Payments”) be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District's Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 belowApplicant. Such designation may be rescinded by the District's Board of Trustees, with respect to future payments only, by action of the Board action, of Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.1.5 shall not alter the limits Aggregate Limit on Supplemental Payments described in Sections 6.2 and 6.3this Article VI, including Section 6.1.3, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.7 shall not alter the limits on Supplemental Payments described in this Article IV, including Sections 6.2 6.2, 6.3, 6.4 and 6.36.5, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the District's Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments 's payment obligations under this Article VI (“Directed Payments”) be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District's Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 belowApplicant. Such designation may be rescinded by the District's Board of Trustees, with respect to future payments only, by action of the Board action, of Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.1(e) shall not alter the limits Aggregate Limit on Supplemental Payments described in Sections 6.2 and 6.3this Article VI, including Section 6.1(c) above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the District’s Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments payment obligations under this Article VI (“Directed Payments”) be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District’s Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 10.1, below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the District’s Board of Trustees, by Board action, Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Net Aggregate Limit or the Supplemental Payments described in Sections 6.2 and 6.3Section 6.5, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, Agreement unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) IV be made to the District’s educational foundation or to a similar entity, provided that such decision and direction of the Board of Trustees does not result in additional costs to the Applicant. Such foundation or entity may only use such funds received under this Article VI IV to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 8.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.18.1. Any designation of a successor beneficiary under this Section 6.5 4.6 shall not alter the limits Aggregate Limit on Supplemental Payments described in Sections 6.2 and 6.3, Section 4.4 above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the District’s Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments payment obligations under this Article VI (“Directed Payments”) of this agreement be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District’s Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 10.1, below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the District’s Board of Trustees, by Board action, Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Supplemental Payments calculated as described in Sections 6.2 and 6.3Section 6.5, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) IV be made to the District’s educational foundation or to a similar entity, provided that such decision and direction of the Board of Trustees does not result in additional costs to the Applicant. Such foundation or entity may only use such funds received under this Article VI IV to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 8.1 below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. 8.1.. Any designation of a successor beneficiary under this Section 6.5 4.6 shall not alter the limits Aggregate Limit on Supplemental Payments described in Sections 6.2 and 6.3, Section 4.4 above. Notwithstanding the foregoing, any payments payment made by Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the District's Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments 's payment obligations under this Article VI (“Directed Payments”) be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District's Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 belowApplicant. Such designation may be rescinded by the District's Board of Trustees, with respect to future payments only, by action of the Board action, of Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.1.5 shall not alter the limits Aggregate Limit on Supplemental Payments described in Sections 6.2 and 6.3this Article VI, including Section 6.1.3 above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.6 shall not alter the limits on Supplemental Payments described in this Article VI, including Sections 6.2 6.2, 6.3 and 6.36.4, above. Notwithstanding the foregoing, any payments made by the Applicant shall be made in the manner and to the party Party designated in this Agreement, Agreement unless the Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during the term of this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments under this Article VI (“Directed Payments”) be made to the District’s educational foundation or to a similar entity, provided that such decision and direction of the Board of Trustees does not result in additional costs to the Applicant. Such foundation or entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the Board of Trustees, by Board action, at any time, and provided, however, that any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.1. Any designation of a successor beneficiary under this Section 6.5 6.6 shall not alter the limits on Supplemental Payments described in Sections 6.2 and 6.3, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and calculated pursuant to the party designated in this Agreement, unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different partyArticle IV.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the District’s Board of Trustees may, in its sole discretion, so long as such decision does not result in additional costs to the Applicant under this Agreement, direct that all or any portion of the Applicant’s payments payment obligations under this Article VI (“Directed Payments”) IV be made to the District’s its educational foundation foundation, or to a similar entity. Such foundation or The alternative entity may only use such funds received under this Article VI to support the educational mission of the District and its students. Any designation of such foundation or an alternative entity to receive Directed Payments must be made by recorded vote of the District’s Board of Trustees at a properly posted public meeting of the Board of Trusteesmeeting. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 6.1, below. Such designation may be rescinded rescinded, with respect to future payments only, by action of the District’s Board of Trustees, by Board action, Trustees at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.18.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits on Net Aggregate Limit or the Supplemental Payments described in Sections 6.2 and 6.3Section 4.4, above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, unless Applicant receives unambiguous written notice from the District that such payments are to be made to a different party.

DISTRICT’S OPTION TO DESIGNATE SUCCESSOR BENEFICIARY. At any time during this Agreement, the Board of Trustees may, in its sole discretion, direct that all or any portion of the Applicant’s payments payment under this Article VI (“Directed Payments”) IV be made to the District’s educational foundation or to a similar entity. Such foundation or entity may only use such funds received under this Article VI IV to support the educational mission of the District and its students. Any designation of such foundation or entity to receive Directed Payments must be made by recorded vote of the Board of Trustees at a properly posted public meeting of the Board of Trustees. Any such designation will become effective after such public vote and the delivery of notice of said vote to the Applicant in conformance with the provisions of Section 10.1 8.1, below. Such designation may be rescinded by the Board of Trustees, by Board action, at any time, and any such rescission will become effective after delivery of notice of such action to the Applicant in conformance with the provisions of Section 10.18.1. Any designation of a successor beneficiary under this Section 6.5 shall not alter the limits Aggregate Limitation on Supplemental Payments payments described in Sections 6.2 and 6.3Section 4.2(b), above. Notwithstanding the foregoing, any payments made by Applicant shall be made in the manner and to the party designated in this Agreement, Agreement unless Applicant receives unambiguous written notice from the District at least 30 days before the effective date of the change that such payments are to be made to a different party.