Purpose and Management Sample Clauses

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:
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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.
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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 or HSA 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 HRA 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, section 152 and HRA Revenue Ruling 2006-36. 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 HRA will be disbursed according to the agreement with the HRA provider.
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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.
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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.
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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.
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Purpose and Management. SFA - 2 2.01 Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 2 2.02 Management of Claims Resolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SFA - 2
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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...
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Purpose and Management 
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Related to Purpose and Management

  • Advisory and Management Arrangements Subject to the requirements of applicable law as in effect from time to time, the Trustees may in their discretion from time to time enter into advisory, administration or management contracts (including, in each case, one or more sub-advisory, sub-administration or sub-management contracts) whereby the other party to any such contract shall undertake to furnish such advisory, administrative and management services with respect to the Trust as the Trustees shall from time to time consider desirable and all upon such terms and conditions as the Trustees may in their discretion determine. Notwithstanding any provisions of this Declaration, the Trustees may authorize any advisor, administrator or manager (subject to such general or specific instructions as the Trustees may from time to time adopt) to exercise any of the powers of the Trustees, including to effect investment transactions with respect to the assets on behalf of the Trust to the full extent of the power of the Trustees to effect such transactions or may authorize any officer, employee or Trustee to effect such transactions pursuant to recommendations of any such advisor, administrator or manager (and all without further action by the Trustees). Any such investment transaction shall be deemed to have been authorized by all of the Trustees.

  • Investment Advisory and Management Services The Investment Adviser hereby appoints the Subadviser to serve as subadviser to the Fund and the Subadviser hereby accepts such appointment. Subject to the supervision of the Investment Adviser, Subadviser will regularly provide the Fund with investment advice and investment management services concerning the investments of the Fund. The Subadviser will determine what securities shall be purchased, held or sold by the Fund and what portion of the Funds assets shall be held uninvested in cash and cash equivalents, subject always to the provisions of the Trusts Declaration of Trust and By-laws and the 1940 Act, and to the investment objectives, policies and restrictions applicable to the Fund (including, without limitation, the requirements of Subchapters L and M of the Internal Revenue Code of 1986, as amended) (the Code), as each of the same shall be from time to time in effect or set forth in the Funds Prospectus and Statement of Additional Information, as well as any other investment guidelines or policies the Board of Trustees or the Investment Adviser may from time to time establish and deliver in writing to the Subadviser. To carry out such determinations the Subadviser will exercise full discretion, subject to the preceding paragraph, and act for the Fund in the same manner and with the same force and effect as the Trust might or could do with respect to purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions. Notwithstanding the foregoing, the Subadviser shall, upon written instructions from the Investment Adviser, effect such portfolio transactions for the Fund as the Investment Adviser may from time to time direct. Such instructions will be given in reasonable circumstances, including, without limitation, any termination of this Agreement. The Subadviser will also make its officers and employees available to meet with the officers of the Investment Adviser and the Trusts officers and Trustees at least quarterly on due notice to review the investments and investment program of the Fund in the light of current and prospective economic and market conditions. From time to time as the Board of Trustees of the Trust or the Investment Adviser may reasonably request, the Subadviser will furnish to the Investment Adviser and Trusts officers and to each of its Trustees, at the Subadvisers expense, reports on portfolio transactions and reports on issues of securities held by the Fund, all in such detail as the Trust or the Investment Adviser may reasonably request. The Subadviser shall maintain all books and records required by Rule 31a-1 under the 1940 Act relating to its responsibilities provided hereunder with respect to the Fund, and shall preserve such records for the periods and in a manner prescribed by Rule 31a-2 under the 1940 Act. The Subadviser shall permit the Investment Adviser, the Funds officers and its independent public accountants to inspect and audit such records at reasonable times during normal business hours upon due notice. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of the Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Fund. The Subadvisers services to the Fund pursuant to this Agreement are not to be deemed to be exclusive, and it is understood that the Subadviser may render investment advice, management and other services to others.

  • Construction Management Landlord or its Affiliate or agent shall supervise the Work, make disbursements required to be made to the contractor, and act as a liaison between the contractor and Tenant and coordinate the relationship between the Work, the Building and the Building’s Systems. In consideration for Landlord’s construction supervision services, Tenant shall pay to Landlord a construction supervision fee equal to three percent (3%) of Tenant’s Costs specified in Section 7.

  • Change Management BellSouth provides a collaborative process for change management of the electronic interfaces through the Change Control Process (CCP). Guidelines for this process are set forth in the CCP document as amended from time to time during this Agreement. The CCP document may be accessed via the Internet at xxxx://xxx.xxxxxxxxxxxxxxx.xxxxxxxxx.xxx.

  • Project Management Project Management Institute (PMI) certified project manager executing any or all of the following: • Development of Project Charter • Development of project plan and schedule • Coordination and scheduling of project activities across customer and functional areas • Consultation on operational and infrastructure requirements, standards and configurations • Facilitate project status meetings • Timely project status reporting • Address project issues with functional areas and management • Escalation of significant issues to customers and executive management • Manage project scope and deliverable requirements • Document changes to project scope and schedule • Facilitate and document project closeout

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • Program Management 1.1.01 Implement and operate an Immunization Program as a Responsible Entity

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