Purpose and Administration. The primary purpose of allocating the Options to the Qualified Person is to give the Qualified Person an incentive to contribute towards the improvement of the business performance of the Sony Group (the Corporation and its group companies) and thereby improve such business performance by making the economic interest, which the Qualified Person will receive, correspond to the business performance of the Corporation. This Agreement and the Terms and Conditions shall be administered by the Corporation, and such representative corporate executive officers or other persons as the Corporation may designate from time to time who represent the Corporation in respect of this Agreement, the Terms and Conditions and the Options.
Purpose and Administration. The purpose of this program is to allow certain bargaining unit employees the opportunity volun- tarily to share a job while working in a part-time/half-time appointment to enable them to care for immediate family dependents. The administration of this program shall not be done in an arbitrary, capricious or discriminatory manner. In order to make the program possible, the county intends unilaterally to create an even number of job sharing, half-time positions within the Xxxxxxxxxx County Fire and Rescue Services. The County has advised that it intends to create at least two such positions as needed to accommodate at least four unit members who participate. It is recognized that the County is not obliged to create, staff or maintain half-time/part-time positions.
Purpose and Administration. The grant shall be used exclusively for the projects specified in this Agreement. The grant awarded by this Agreement is made with the understanding that the Association has no obligation, now or in the future, to provide financial or other support to the Grantee. The Grantee will directly administer the project(s) being supported by the grant and agrees that no grant funds shall be disbursed to any person, organization or entity, whether or not formed by the Grantee, other than as specifically set forth in, or contemplated by, the Grant Application. The grant is made, and must be used, in accordance with all applicable laws, regulations and rulings. In order to receive funds from the Association, the Grantee (or its fiscal agent, if applicable) must have received, and hereby represents and warrants that it has received, a ruling from the Internal Revenue Service confirming that the Grantee (or its fiscal agent, if applicable) is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code and that the Grantee (or its fiscal agent, if applicable) is not a private foundation as defined in Section 509(a) of the Internal Revenue Code. In the event there is any change in the Grantee’s (or its fiscal agent’s, if applicable) tax-exempt status, the Grantee (or its fiscal agent, if applicable) will immediately notify the Association in writing. It is expressly agreed that any change in the Grantee’s (or its fiscal agent’s, if applicable) tax status or any use by the Grantee (or its fiscal agent, if applicable) of the grant proceeds for any purpose other than those specified in Section 170(c)(2)(B) of the Internal Revenue Code will terminate the obligation of the Association to make further payments under the grant. In order to receive funds from the Association, the Grantee must be a full member of the Association in good standing, i.e., meet the Association’s membership criteria and remain current in the payment of membership dues, management fees, and any other fees or assessments. The Grantee must request approval in writing for any significant changes, additions or deletions to any part of the project goals, objectives, activities, outcomes, timetable or budget submitted by the Grantee. Approval, if given, will be indicated in writing by the Association. The Grantee will notify the Association in writing if there is a change in key personnel essential to the ongoing administration of the Grantee or projects funded by the grant. If there ...
Purpose and Administration. The purpose of this program is to allow certain bargaining unit employees the opportunity voluntarily to share a job while working in a part-time/half-time appointment to enable them to care for immediate family dependents. The administration of this program shall not be done in an arbitrary, capricious or discriminatory manner. In order to make the program possible, the county has advised Lodge 35 that the county intends unilaterally to create an even number of job sharing, half-time positions in the police department. The county intends to create at least nine such positions as needed to accommodate at least eighteen unit members at or below the rank of MPO, and four unit members of the rank of sergeant, who volunteer. It is recognized that the county is not obliged to create, staff or maintain half-time/part-time positions.
Purpose and Administration. CSHCS Medicaid enrollees qualify for the provision of benefits described in the CSHCS program requirements and covered in the MHP contract. The purpose of establishing a care coordination agreement between the MHP and the LHD is to assure service coordination and continuity of care for persons receiving services from both organizations. The explicit intent of this agreement is to describe the services to be coordinated and the essential aspects of collaboration between the MHP and LHD. As required by the CSHCS section of the DTMB/MHP and the MDCH/LHD CSHCS contract, coordination of care agreements with the LHDs in the MHPs’ service area will be available for review upon request from the MDCH.
Purpose and Administration. The grant shall be used exclusively for the purposes specified in the Grantee’s P l ed g e 10 Grant application (the “Project Description and Budget”), the terms of which are incorporated herein and made a part of this Agreement. • The Grantee will directly administer the project or program being supported by the grant and agrees that no grant funds shall be re-granted to any organization or entity, whether or not formed by the Grantee. • The Grantee will use funds for exclusively charitable, scientific, and/or educational purposes. • The Grantee shall expend the grant funds in accordance with this Agreement.
Purpose and Administration. If Grantee receives a grant, the following shall apply: • The grant shall be used exclusively for the purposes specified in the Grantee’s grant proposal as submitted to Grantor (the “Grant Description”), the terms of which are incorporated herein and made a part of this Agreement. • The Grantee will directly administer the project or program being supported by the grant and agrees that no grant funds shall be re-granted to any organization or entity, whether or not formed by the Grantee unless such re-grant of funds is described in the Grant Description. • The Grantee will use funds exclusively within the United States for charitable, scientific, and/or educational purposes within the meaning of Section 501(c)(3) of the Code.
Purpose and Administration. The grantor hereby establishes -------------------------- a Board of Directors whose purpose shall be to select not only the charitable organizations to whom distributions are made, but also the amount of such distributions. The decision of the Board of Directors shall be final and not subject to question or adjustment by any person or entity. The Board of Directors shall establish their own by-laws to govern the administration of their activities, subject only to the following conditions:
(a) The Board of Directors shall consist of not less than two (2) nor more than ten (10) directors.
(b) The initial directors shall be: Xxxxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxx X. Xxxxxx, Xxxxxxxxx X. Verona and Xxxx Xxxxx Xxxxxx.
(c) Xxxxxx X. Xxxxxx shall serve as Chairman of the Board of Directors for the first five (5) years of the Foundation, or until his earlier death, resignation or removal. At such time, the Board of Directors shall annually select from among the then serving directors one director to serve as Chairman for a term of one (1) year.
(d) The Board of Directors shall appoint a Foundation Manager. Xxxxxx X. Xxxxxx shall serve as Foundation Manager until the first annual meeting of the Board of Directors, or until his earlier death, resignation or removal. At such time, the Board of Directors shall select an individual to serve at its pleasure as Foundation Manager.
(e) All decisions of the Board of Directors shall be by majority vote of the directors present at a duly organized meeting of the Board of Directors. Each director shall have one vote. In the event of a tie vote, the decision of the Chairman shall control.
(f) The Board of Directors shall meet at least annually. Every meeting of the Board of Directors shall be held at such place, at such time and on such day as is reasonably designed to permit all directors to be able to attend the meeting.
(g) In selecting charitable organizations to receive distributions from the Foundation, the Board of Directors shall neither adopt grant-making programs nor make pledges for a period in excess of five (5) years.
(h) Each member of the Board of Directors and the Foundation Manager shall be entitled to receive reasonable compensation.
Purpose and Administration. (a) The purpose of the 2008 PP is:
(i) to measure, during a three year period (or such lesser period as provided in this Agreement), for each share of Common Stock outstanding during such period, but only for so long as outstanding, the total return to the holder of such share from stock price appreciation plus cumulative dividends (uncompounded) (the sum of the total return on all shares so measured, the “Actual Return”), and
(ii) to measure, with respect to the same shares outstanding during such period, but only for so long as outstanding, the total return that would have been earned had the rate of return been thirty-two percent (32%) (adjusted in the event the measurement period for a share is less than three years) (the sum of the total return on all shares so measured, the “Hypothetical Absolute Return”), and
(iii) to measure, with respect to the same shares outstanding during such period, but only for so long as outstanding, the total return that would have been earned had the rate of return been equal to the return of the NAREIT Apartment Index (stock price appreciation plus cumulative dividends (uncompounded)) (the sum of the total return on all shares so measured, the “Hypothetical Relative Return”), and
(iv) to award to each participant in the 2008 PP shares of Common Stock (unrestricted shares and or restricted shares, as provided in this Agreement) having a value equal to such participant’s Participation Percentage multiplied by the lesser of (A) $60,000,000 or (B) ten percent (10%) multiplied by the simple average of (i) the difference between the Actual Return less the Hypothetical Absolute Return and (ii) the difference between the Actual Return less the Hypothetical Relative Return, provided that the participant shall not earn any portion of this Award unless the Actual Return exceeds both the Hypothetical Absolute Return and the Hypothetical Relative Return. In performing all of these measurements, the 2008 PP provides for some simplifying assumptions and adjustments, particularly with respect to shares issued or redeemed during the measurement period, but it is not expected that any of such assumptions or adjustments will change the intent or the result of the 2008 PP meaningfully. The Committee may authorize modifications to the calculations provided in this Agreement to the extent that the Committee believes that such modifications are necessary or desirable to better fulfill the purpose of the 2008 PP as described in this Section 1(a...
Purpose and Administration. 2.1 The purpose of this Agreement is to regulate the shared use, among the Parties and their Users, of the Facilities identified in this Agreement and set out in Schedules “B” and “C” attached hereto.
2.2 This Agreement shall be administered by a Joint Use Committee. The Joint Use Committee shall meet at least once annually. The composition and terms of reference of the Joint Use Committee are set out in Schedule “A” attached hereto.
2.3 The following Schedules are an integral part of this Agreement and form part of this Agreement as if the terms contained therein were incorporated into the body of this Agreement: Schedule “A” – Joint Use Committee Terms of Reference Schedule “B” – List of City owned Facilities Schedule “C” – List of School Board Owned Facilities Schedule “D” – GEDSB Additional Conditions of Use Schedule “E” – BHNCDSB Additional Conditions of Use Schedule “F” – Xxxxxxxxx Centre Conditions of Use Schedule “G” – Arrowdale Golf Course Conditions of Use
