Purpose and Management. 2.1 The purpose of the SLA is to maintain an efficient and professional framework of understanding of the responsibilities and expectations of both parties in respect of the work areas concerned.
Purpose and Management. 6.1 The primary purpose of the Company will be to develop the Business in accordance with the Business Plan and each subsequent Annual Business Plan thereafter. At all times during the term of this Agreement:
Purpose and Management. The purpose of the HRA or HSA shall be to provide an entity to manage the employees’ health benefit and pay for eligible health care expenses. Each employee shall have a separate account within the HRA of HSA plan administered by an outside vendor. The vendor shall provide a Plan Document to all eligible employees. The Plan Document will describe the benefit features, including investment options, and shall disclose all expenses. The vendor will also provide a copy of the Plan Trust Document to the business office for review This fund may be used only by employees and their immediate families, as established in Internal Revenue Code. Qualifying claims as allowable per IRS regulations. There shall be no limit on the amount an employee member of the fund may accumulate. Any balance remaining in an employee member’s account at death shall be used for final eligible expenses for the deceased, after which the remaining balance may be used by any surviving spouse and/or legal dependent(s). If there are no legal dependents and/or spouse, the funds remaining in the account will be disbursed according to the agreement with the plan provider.
Purpose and Management. 6.1 The primary purpose of the Company will be to act as a holding company of each Teckal Company and Trading Company. The Company shall not exercise any rights it may have as a shareholder of any Teckal Company or Trading Company otherwise than as directed by the Council.
Purpose and Management. SFA - 2 2.01 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 2 2.02 Management of Claims Resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 2
Purpose and Management. The Program's operations and the Program Funds (as defined below) will be dedicated to purchasing, developing, evaluating or otherwise acquiring geological and geophysical information/data ("Geological Data") for the purpose of generating prospects; optioning, leasing or otherwise acquiring the mineral interests in acreage ("Acreage") covering such prospects; and assigning a portion the mineral interests in such prospects on a promoted basis to third parties. The Program will emphasize its exploration efforts in South Texas, and the Program and all aspects of this Agreement shall be exclusively limited to the project areas and areas of mutual interest as mutually agreed as specified on Exhibit "C" attached hereto ("AMI's"), and such additional project areas as are mutually agreed in writing and subsequently added to the program ("the Project Areas"). Carrizo, or Program Manager, will administer and manage all of the operations with respect to the acquisition of Geological Data, generation and acquisition of prospects, the commitment of Program Funds (herein defined) to any prospect and the general administration of the Program's activities. 2 (b) PROGRAM COMMITMENT AND FUTURE MANDATORY AND ELECTIVE CASH CALL CONTRIBUTIONS. Contemporaneously with the execution of this Agreement by all of the Parties, each Participant will pay or wire transfer in cash to Carrizo thirty-five percent (35%) of the amount next to such Participant's name on Exhibit "A" hereto. The remaining sixty-five percent (65%) will be paid from time to time via mandatory cash calls from Carrizo to the Participants ("Mandatory Cash Call"). Mandatory Cash Calls will be made to the Participants, in the sole business judgment of Carrizo, based on expected upcoming Program cash needs. Each Participant is severally responsible for and will pay its proportionate share ("Allocable Share") of Mandatory Cash Calls as denoted on Exhibit "A" within ten (10) days of receipt of written notice of each Mandatory Cash Call. Mandatory Cash Call amounts will not exceed that amount that would in conjunction with existing Program Funds result in an amount greater than $250,000 remaining in the Program Account after payment of costs specifically identified by Carrizo in writing concurrently with such Mandatory Cash Call. The total amount reflected on Exhibit "A" of $3,500,000.00 is hereby defined as the "Commitment Amount". Carrizo will promptly deposit into and maintain all cash amounts in an interest-bearing Pr...
Purpose and Management. The purpose of the HRA shall be to provide an entity to manage the School District’s contribution toward payment of health care expenses. Each participating employee’s compensation shall be accounted for separately within the HRA. The School District’s business office shall be responsible for maintenance and management of the HRA. Expenses incurred by the business office for operating the HRA shall be financed from interest earned by the fund and School District subsidy. Interest earned beyond administration costs shall be transferred to the School District’s general fund. Payments from the fund will be made monthly for qualified claims. This fund may only be used by employees and their immediate families. An “immediate family” shall include the same family members as defined and/or covered by the District’s medical insurance group provider. There shall be no limit on the amount a participant of the fund may accumulate. Any balances remaining in a participant’s account at death may be used by the legal beneficiaries, as designated by the employee. Participants of the fund may, upon retirement, continue to withdraw from their account until it is depleted even though, upon retirement, the School District will make no further contributions. Retired participants and beneficiaries of the fund who fail to make written contact with the fund for more than a twelve (12) month period shall relinquish their investment in the fund. Employees who are involuntarily terminated shall not relinquish their individual account balances in the self-insured fund until they have exhausted their right to recall, if any, or have not made written contact with the self-insured fund for twelve (12) months. Probationary employees who are involuntarily terminated and employees who voluntarily terminate shall relinquish their individual account balances in the self-insured fund after twelve (12) months unless recalled prior to this time. All relinquished accounts of the self-insured fund shall be transferred to the School District’s general fund.
Purpose and Management. The purpose of the self-insured fund shall be to provide an entity to manage the School District’s contribution toward payment of health care expenses. Each participating teacher’s compensation shall be accounted for separately within the self-insured fund. The School District’s business office shall be responsible for maintenance and management of the self-insured fund. Expenses incurred by the business office for operating the fund shall be financed from interest earned by the fund and School District subsidy. Interest earned beyond administration costs shall be transferred to the School District’s general fund. Payments from the fund will be made monthly for qualified claims. This fund may only be used by teachers and their immediate families. An “immediate family” shall include the same family members as defined and/or covered by the District’s medical insurance group provider. There shall be no limit on the amount a member of the fund may accumulate. Any balances remaining in a member’s account at death may be used by the legal beneficiaries, as designated by the teacher, in the School District life insurance plan. Teachers of the fund may, upon retirement, continue to withdraw from their account until it is depleted even though, upon retirement, the School District will make no further contributions. Retired members and beneficiaries of the fund who fail to make written contact with the fund for more than a twelve (12) month period shall relinquish their investment in the fund. Teachers who are involuntarily terminated shall not relinquish their individual account balances in the self-insured fund, until they have exhausted their right to recall if any or have not made written contact with the self-insured fund for twelve (12) months. Probationary teachers who are involuntarily terminated and teachers who voluntarily terminate shall relinquish their individual account balances in the self-insured fund after twelve (12) months unless recalled prior to this time. All relinquished accounts of the self-insured fund shall be transferred to the School District’s general fund.
Purpose and Management
