Functions of the Board of Trustees Sample Clauses

Functions of the Board of Trustees. The Board shall: (a) Manage and control the funds of the Trust. (b) Be responsible for the accounts of the Trust and any financial investments made therefrom. (c) Receive and approve or otherwise, applications for allocation of funds in respect of projects or activities from the CDA committee; (d) Evaluate, approve and monitor the progress of projects funded by the Trust. (e) Carryout any assignments relating to the management of the Trust including investment of funds.
Sample 1
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Functions of the Board of Trustees. The Board of Trustees jointly administers and operates the Plan and Fund, and it also is the “Plan Sponsor” as defined in ERISA. An equal number of Employer Trustees and Union Trustees comprise the Board of Trustees. While the number of Trustees appointed to the Board of Trustees may change from time-to-time, in no event will there be more than four (4) Employer Trustees and four (4) Union Trustees serving on the Board of Trustees.
Sample 1

Related to Functions of the Board of Trustees

  • Board of Trustees The Board of Trustees will be comprised of 9 voting members that include 5 CUPE employee representatives and 4 employer representatives, including the Crown. The Board of Trustees will include among its members 2 independent experts, 1 appointed by the employer representatives and 1 appointed by the employee representatives. CUPE will be responsible for the appointment and termination of the employee Trustees, and the employer representatives will be responsible for the appointment and termination of the employer Trustees.

  • Board of Trustees’ Responsibilities 5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including: a) Validation of the sustainability of the respective Plan Design;

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