Endowment Care Funds – Use of Corpus and Net Income Sample Clauses

Endowment Care Funds – Use of Corpus and Net Income. The corpus of the Endowment Care Funds held in the Endowment Care Trust Fund shall be retained by the Trustee and shall not, under any circumstances, be withdrawn. Out of the income of the Endowment Care Trust fund shall be paid any expenses incurred by and fees charged by the Trustee in connection with the discharge of his duties under this trust instrument. The income from the Endowment Care Funds remaining after payment of such fees and expenses (the “Net Income”) shall be used exclusively for the endowment care of the cemetery. The Net Income shall be retained in the Endowment Care Trust Fund by Trustee until Trustee receives from the Cemetery Authority a written request for withdrawal from the Endowment Care Trust Fund of requested amounts of the Net Income relating to the endowment care of the cemetery.
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Endowment Care Funds – Use of Corpus and Net Income. The corpus of the Endowment Care Funds held in the Endowment Care Trust Fund shall be retained in the Endowment Care Trust Fund and shall not, under any circumstances, be withdrawn. The income from the Endowment Care Funds (the “Net income”) shall be used exclusively for covering the costs of the endowment care of the cemetery. “Net Income” does not include realized or unrealized gains or losses. All realized capital gains and losses shall be recorded to corpus, which is the sum of deposits made by a Cemetery Authority into an Endowment Care Fund pursuant to Section 27- 17A-49. Capital gains taxes, if any, may be paid from the corpus. Unrealized capital gains and losses, if any, shall be recorded as an adjustment to the fair market value of the Endowment Care Fund.
Sample 1
Endowment Care Funds – Use of Corpus and Net Income. The corpus of the Endowment Care Funds held in the Endowment Care Trust Fund shall be retained by the Trustee and shall not, under any circumstances, be withdrawn. Out of the income of the Endowment Care Trust Fund shall be paid any expenses incurred by and fees charged by the Trustee in connection with the discharge of his duties under this trust instrument. The income from the Endowment Care Funds remaining after payment of such fees and expenses (the “Net income”) shall be used exclusively for covering the costs of the endowment care of the cemetery. “Net Income” does not include realized or unrealized gains or losses. All realized capital gains and losses shall be recorded to corpus, which is the sum of deposits made by a Cemetery Authority into an Endowment Care Fund pursuant to Section 00-00-000. Capital gains taxes, if any, may be paid from the corpus. Unrealized capital gains and losses, if any, shall be recorded as an adjustment to the fair market value of the Endowment Care Fund.
Sample 1

Related to Endowment Care Funds – Use of Corpus and Net Income

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  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

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