Management Trustees Sample Clauses

The 'Management Trustees' clause defines the role and responsibilities of individuals or entities appointed to oversee the management and administration of a trust. Typically, this clause outlines the powers granted to the management trustees, such as making investment decisions, distributing trust assets, or handling day-to-day operations. By clearly specifying who the management trustees are and what authority they hold, this clause ensures effective governance of the trust and helps prevent disputes or confusion regarding trust administration.
Management Trustees. The Trustees shall be assisted by a consultant and/or an administrator selected upon mutual agreement of the Trustees.
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Management Trustees. With unanimous approval of the LMCC the Union may assign a ▇▇▇▇▇▇▇ to a company at large. (ref. Article IX) Journeyperson and apprentice sheet metal workers covered by this Agreement shall provide for themselves: Pipe Crimpers Slotted Screwdriver Chalk Line Scratch Awl ▇▇▇▇▇▇▇▇ Head Screwdriver Drift Pin ▇▇▇▇▇▇▇ ▇▇▇▇ Punch w/Dies Hand Seamer-Folders Pry Bar (Wonder Bar type) or Claw Hammer “Bull” Snips Dividers – 10” Channel Locks Right Cut Snips Vice Grips Panduit Gun Left Cut Snips ▇▇▇▇▇ Wrench Set 6” Circumference Tape 25’ Rule Cold Chisel Tool Container Combination Square Crescent Wrench Center Punch Torpedo Level Side Cutter for Wire 12” Drive ▇▇▇▇▇▇ ▇▇▇▇▇▇’▇ Hammer Pop Riveter – 1/8” Dolly Utility Knife Plumb ▇▇▇ ▇▇▇▇▇▇▇ Service technicians, journeyperson and service apprentices covered by this Agreement shall provide for themselves the following tools: Scratch Awl ▇▇▇▇▇▇▇▇ Head Screwdriver Refrigeration Wrench Channel Locks ▇▇▇▇▇ Wrench Set Crescent Wrench Right Cut Snips Nut Drivers 3/16”,1/4”, 5/16”, 3/8”, 11/32”,7/16”,1/2” Valve Core Removal Tool Left Cut Snips Wire Stripper/Crimper Needle Nose Pliers 25’ Tape Lineman’s Pliers Fuse Pullers Torpedo Level Hacksaw Frame Thermostat Screwdriver Slotted Screwdriver Tool Container Razor Knife Side Cutters (ref. Article VIII Section 1 & Article XI Section 6) This Agreement includes wage increases for the next year of the following: Effective dates 09/01/2020 – $2.67 wage and benefit increase. Base Wage ** $50.33 Local Pension $7.84 Supp. Retirement Savings Fund $9.75 National Pension $0.87 Health & Welfare $11.00 Local $1.11 National $0.18 Education Fund $1.29 LMCC $1.06 SMACNA G.C. $0.40 Industry Fund $1.46 SASMI $2.39 Base Wage ** $48.35 Local Pension $0.00 Supp. Retirement Savings Fund $9.75 National Pension $10.69 Health & Welfare $11.00 Local $1.11 National $0.18 Education Fund $1.29 LMCC $1.06 SMACNA G.C. $0.40 Industry Fund $1.46 SASMI $2.39 The following classifications shall be paid over scale based on the listed percentage times the current journeyperson Base Rate. ▇▇▇▇▇▇▇ Rate of Pay: 5%, General ▇▇▇▇▇▇▇ Rate of Pay: 8%, Superintendent Rate of Pay: 9% **This allocation includes a $0.50 per hour deduction for Organization Fund; a $0.31 per hour deduction for the Defense Fund, and a $0.19 per hour deduction for IA Working Assessment, for a total deduction of $1.00 plus 2.25% LU Working Assessment is applied to gross wages for hours worked and then remitted to SMART
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Management Trustees. The Company agrees to be bound by the terms of the Trust Agreement. • The Company is required to report on the forms provided by the Trust Office. • Contributions must be forwarded by the Company to the Trust Fund Office by the fifteenth (15th) day of the month following that which contributions were accrued. • In the event the Company fails to remit contributions to this Plan, in conformity with this section of the Collective Agreement, the Union is free to take any action it deems necessary against such Company, and such action shall not be considered violation of this Collective Agreement. • The Business Representative of the Union may inspect, during business hours the Company’s record of time worked by employees and contributions made to the Trust Fund. • The Operating Engineers Local 955 Trust Funds Auditor shall be permitted to inspect and audit the Company’s record of time worked by employees and contributions made to the Trust Funds and shall be allowed the time necessary to complete the audit. The Auditor shall notify the Company of his/her intentions to audit and make the necessary arrangements for the time and place. • Payments to Operating Engineers Local 955 Trust Funds shall be payable by cheque; delivered or mailed to their office at, ▇▇▇▇▇ – ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇, ▇▇▇ ▇▇▇
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Management Trustees. The Trustees shall be assisted by a consultant and/or an administrator selected upon mutual agreement by the trustees. The compulsory retirement age under the plan shall be at age Retirement prior to this age permissible in accordance with other sections of the plan. Payments will be made on behalf of an employee who is off on Workers' Compensation, provided that the employee is not more than three (3) months in arrears in paying his portion. Should, Employees off on & A. will have their premiums paid for a twelve (12) week period subject to the conditions in above.
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Management Trustees. The Trustees shall be assisted by a consultant and/or an administrator selected upon mutual agreement of the Trustees. (1) Should the reserve fund fall to one hundred thousand dollars ($100,000.00) level the premiums shall be increased to cover the costs of the Plan, and to protect the reserve fund with a minimum balance of one hundred thousand dollars ($100,000.00). This will in no way affect the benefits or coverage payable by the Trust Fund. (b) The Company shall, consistent with Section 23.1 and Section 23.2 of this Agreement, provide the full cost of Liberty Health Extended Health Care Benefit as outlined below: Effective May 1, 1996, Liberty Health Extended Health Care Plan, standard benefits, including eye glasses to a maximum of one hundred and ninety-five dollars ($195.00) per person per year and hearing aid to a maximum of five hundred dollars ($500.00) per person, every three years with a ten dollar ($10.00) uctible single person and twenty dollar ($20.00) per family maximum deductible per benefit year, no co-insurance, no overall limit. (c) The Company shall, effective the following dates and consistent with Section 23.1 and Section 23.2 of this agreement, provide each month at no cost to the employee, the following benefits: (i) May 1, 1996 - The Liberty Health Dental Plan #5 based on 1996 Orthodontic care in accordance with Liberty Health Rider #3 - Orthodontics: Liberty Health Rider #3 providing fifty per cent (50%) of orthodontic services to be paid by Liberty Health up to a lifetime maximum of two thousand dollars ($2,000) in total per person.
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Management Trustees. The shall assisted by a consultant and/or an administrator selected upon mutual agreement of the Trustees. It shall be the responsibility of such Trustees to determine from time t o t i m e the amount of such Health and Welfare and make the necessary investment as deemed appropriate i n order to ensure growth i n the level of benefits during the term of this Current Agreement and in the future.
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Related to Management Trustees

  • Co-Trustees (a) It is the purpose of this Indenture that there shall be no violation of any law of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as trustee in such jurisdiction. It is recognized that in case of litigation under this Indenture, and in particular in case of the enforcement thereof in an Event of Default, or in the case the Trustee deems that by reason of any present or future law of any jurisdiction it may not exercise any of the powers, rights or remedies herein granted to the Trustee or take any action which may be desirable or necessary in connection therewith, or to avoid having to submit to the courts or other governmental entities in a foreign jurisdiction to which it is not already subject personally or otherwise, it may be necessary that the Trustee appoint an individual or institution as a separate or co-trustee. The following provisions of this Section 8.14 are adopted to these ends. (b) In the event that the Trustee appoints an additional individual or institution as a separate or co-trustee, each and every remedy, power, right, claim, demand, cause of action, immunity, estate, title, interest and lien expressed or intended by this Indenture to be exercised by or vested in or conveyed to the Trustee with respect thereto shall be exercisable by and vest in such separate or co-trustee but only to the extent necessary to enable such separate or co-trustee to exercise such powers, rights and remedies, and every covenant and obligation necessary to the exercise thereof by such separate or co-trustee shall run to and be enforceable by either of them. (c) Should any instrument in writing from the Company and/or the Guarantor, as applicable, be required by the separate or co-trustee so appointed by the Trustee for more fully and certainly vesting in and confirming to him or it such properties, rights, powers, trusts, duties and obligations, any and all such instruments in writing shall, on request, be executed, acknowledged and delivered by the Company and/or the Guarantor, as applicable; provided, that if an Event of Default shall have occurred and be continuing, if the Company and/or the Guarantor, as applicable, does not execute any such instrument within 15 days after request therefor, the Trustee shall be empowered as an attorney-in-fact for the Company and/or the Guarantor, as applicable, to execute any such instrument in the name and stead of the Company and/or the Guarantor, as applicable. In case any separate or co-trustee or a successor to either shall become incapable of acting, resign or be removed, all the estates, properties, rights, powers, trusts, duties and obligations of such separate or co-trustee, so far as permitted by law, shall vest in and be exercised by the Trustee until the appointment of a new trustee or successor to such separate or co-trustee. (d) Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: (i) all rights and powers. conferred or imposed upon the Trustee shall be conferred or imposed upon and may be exercised or performed by such separate trustee or co-trustee; and (ii) no trustee hereunder shall be personally liable by reason of any act or omission of any other trustee hereunder. (e) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this Section 8.14. (f) Any separate trustee or co-trustee may at any time appoint the Trustee as its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties. rights. remedies and trusts shall vest in and be exercised by the Trustee. to the extent permitted by law, without the appointment of a new or successors trustee.

  • Investment Management Trust Agreement The Company has entered into the Trust Agreement with respect to certain proceeds of the Offering and the Private Placement substantially in the form filed as an exhibit to the Registration Statement.

  • Series Trustees In connection with the establishment of one or more Series or Classes, the Trustees establishing such Series or Class may appoint, to the extent permitted by the 1940 Act, separate Trustees with respect to such Series or Classes (the “Series Trustees”). Series Trustees may, but are not required to, serve as Trustees of the Trust of any other Series or Class of the Trust. To the extent provided by the Trustees in the appointment of Series Trustees, the Series Trustees may have, to the exclusion of any other Trustee of the Trust, all the powers and authorities of Trustees hereunder with respect to such Series or Class, but may have no power or authority with respect to any other Series or Class (unless the Trustees permit such Series Trustees to create new Classes within such Series). Any provision of this Trust Instrument relating to election of Trustees by Shareholders shall entitle only the Shareholders of a Series or Class for which Series Trustees have been appointed to vote with respect to the election of such Trustees and the Shareholders of any other Series or Class shall not be entitled to participate in such vote. If Series Trustees are appointed, the Trustees initially appointing such Series Trustees may, without the approval of any Outstanding Shares, amend either this Trust Instrument or the By-laws to provide for the respective responsibilities of the Trustees and the Series Trustees in circumstances where an action of the Trustees or Series Trustees affects all Series and Classes of the Trust or two or more Series or Classes represented by different Trustees.

  • Successor Trustees Trustee may resign by the giving of notice of such resignation in writing or verbally to Beneficiary. If Trustee shall die, resign or become disqualified from acting in the execution of this trust, or if, for any reason, Beneficiary shall prefer to appoint a substitute trustee or multiple substitute trustees, or successive substitute trustees or successive multiple substitute trustees, to act instead of the aforenamed Trustee, Beneficiary shall have full power to appoint a substitute trustee (or, if preferred, multiple substitute trustees) in succession who shall succeed (and if multiple substitute trustees are appointed, each of such multiple substitute trustees shall succeed) to all the estates, rights, powers and duties of the aforenamed Trustee. Such appointment may be executed by any authorized agent of Beneficiary, and if such Beneficiary be a corporation and such appointment be executed in its behalf by any officer of such corporation, such appointment shall be conclusively presumed to be executed with authority and shall be valid and sufficient without proof of any action by the board of directors or any superior officer of the corporation. Grantor hereby ratifies and confirms any and all acts which the aforenamed Trustee, or Trustee’s successor or successors in this trust, shall do lawfully by virtue hereof. If multiple substitute trustees are appointed, each of such multiple substitute trustees shall be empowered and authorized to act alone without the necessity of the joinder of the other multiple substitute trustees, whenever any action or undertaking of such substitute trustees is requested or required under or pursuant to this Deed of Trust or applicable law.

  • Trustees The number of Trustees shall be such number as shall be fixed from time to time by a majority of the Trustees; provided, however, that the number of Trustees shall in no event be less than two (2) nor more than (15). The natural persons who have executed this Agreement shall be the Trustees as of the date hereof.