Funding Policy. The funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Funding Policy. The Advisory Committee will review, not less often than annually, all pertinent Employee information and Plan data in order to establish the funding policy of the Plan and to determine the appropriate methods of carrying out the Plan's objectives. The Advisory Committee must communicate periodically, as it deems appropriate, to the Trustee and to any Plan Investment Manager the Plan's short-term and long-term financial needs so investment policy can be coordinated with Plan financial requirements.
Funding Policy. The funding Policy for this Agreement shall be to maintain the Policy in force by paying, when due, all premiums required.
Funding Policy. Subject to the Bank’s absolute right to surrender or terminate the Policy at any time and for any reason, the funding policy for the Agreement shall be to maintain the subject Policy in force by paying, when due, all premiums required.
Funding Policy. The Client shall from time to time inform the Adviser in writing of the funding policy applicable to it and of its cash disbursement requirements. The Adviser shall make its investment decisions for an Investment Account in accordance with such funding policy and requirements.
Funding Policy. Subject to the Institution's absolute right to surrender or terminate the policy at any time and for any reason, the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
Funding Policy. The Plan Administrator will review, not less often than annually, all pertinent Employee information and Plan data in order to establish the funding policy of the Plan and to determine the appropriate methods of carrying out the Plan's objectives. The Plan Administrator must communicate periodically, as it deems appropriate, to the Trustee and to any Plan Investment Manager the Plan's short-term and long-term financial needs for the coordination of the Plan's investment policy with Plan financial requirements.
Funding Policy. The Trustees, with the approval of the Parties, shall adopt a Funding Policy, and may amend it from time to time, in a manner not inconsistent with the Central Collective Agreement, governing, inter alia:
(a) the actuarial methods and assumptions to be used in actuarial valuations of the CUPE EWBT Plan;
(b) the margins or explicit reserves, if any, to be used in the actuarial valuations of the CUPE EWBT Plan;
(c) the consequences of any excess or deficiency of assets relative to the CUPE EWBT Plan's liabilities as may be disclosed in any actuarial valuation, subject to the following conditions:
(i) Surpluses in the Fund or a Separate Account may not be refunded or distributed in cash, but may be used, as determined by the Trustees for any or all of the following:
(A) CFR or other reserves;
(B) enhance Benefits or change Eligibility Requirements;
(C) expand eligibility for the CUPE EWBT Plan; or
(D) reduce Participating Employee Contributions;
(ii) Actual and projected funding deficiencies of the CUPE EWBT Plan will be addressed by no later than the next regular Plan renewal by one or more of the following methods:
(A) use of the CFR or other reserves;
(B) increased Participating Employee Contributions;
(C) amendment of the CUPE EWBT Plan or termination of Benefits (other than life insurance benefits);
(D) adoption of measures to decrease administration or delivery costs or Fund investment costs;
(E) restriction of eligibility in the CUPE EWBT Plan;
(iii) the Funding Policy shall require that the Trustees take the necessary actions or decisions with respect to the CUPE Separate Account during a period in which the CFR is less than 8.3% of annual CUPE EWBT Plan expenses over a projected three year period. If the motion to amend the CUPE EWBT Plan is not adopted, the Trustees will increase Participating Employee Contributions to restore the balance to at least 8.3% of the total annual expenses.
Funding Policy. The funding policy under this Agreement is that all premiums on the Policy be remitted to the Insurer when due.
Funding Policy. Subject to Subparagraph IX (B), the funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.
