Separation of Finances Sample Clauses

Separation of Finances. MINNESOTA LIFE shall maintain separate and independent financial RECORDS for the ASSETS related to the STATE EMPLOYEE PLAN for EMPLOYEES, the STATE EMPLOYEE PLAN for RETIRED EMPLOYEES, the LOCAL GOVERNMENT EMPLOYEE PLAN for EMPLOYEES, the LOCAL GOVERNMENT EMPLOYEE PLAN for RETIRED EMPLOYEES, the STATE SPOUSE AND DEPENDENT PLAN, and the LOCAL GOVERNMENT SPOUSE AND DEPENDENT PLAN. ASSETS shall be invested in the general account of MINNESOTA LIFE. The STATE and MINNESOTA LIFE agree that, during the term of this contract, they will jointly study the issues related to transferring the ASSETS to a segregated account. The STATE may request such a transfer when, in its judgment, a transfer would be in the long-term interests of the PROGRAM. The details of the transfer of ASSETS and its effect on the provisions of this agreement shall be negotiated by the STATE and MINNESOTA LIFE at the time a transfer to a segregated account is requested.
Sample 1
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Separation of Finances. MINNESOTA LIFE shall maintain separate and independent financial RECORDS for the ASSETS related to the STATE EMPLOYEE PLAN, the LOCAL GOVERNMENT EMPLOYEE PLAN, the STATE SPOUSE AND DEPENDENT PLAN, and the LOCAL GOVERNMENT SPOUSE AND DEPENDENT PLAN. ASSETS shall be invested in the general account of MINNESOTA LIFE. The STATE and MINNESOTA LIFE agree that, during the term of this contract, they will jointly study the issues related to transferring the ASSETS to a segregated account. The STATE may request such a transfer when, in its judgment, a transfer would be in the long-term interests of the PROGRAM. The details of the transfer of ASSETS and its effect on the provisions of this agreement shall be negotiated by the STATE and MINNESOTA LIFE at the time a transfer to a segregated account is requested.
Sample 1

Related to Separation of Finances

  • RESTRICTIONS ON EMPLOYMENT OF FORMER STATE OFFICER OR EMPLOYEE The Engineer shall not hire a former state officer or employee of a state agency who, during the period of state service or employment, participated on behalf of the state agency in this agreement’s procurement or its negotiation until after the second anniversary of the date of the officer’s or employee’s service or employment with the state agency ceased.

  • Benefits Upon Layoff or Separation (a) Subject to (b) and (c) below, regular employees who have completed three (3) months of service and who are receiving benefits pursuant to Section 1.1(c), 1.1(d), or 1.2 shall continue to receive such benefits upon layoff or separation until the termination of the illness or until the maximum benefit entitlement has been granted, whichever comes first, if the notice of layoff or separation is given after the commencement of the illness for which the benefits are being paid.

  • Separation of Duties The Authorized User Agreement may require the separation of job duties, and that Contractor staff knowledge of Data be limited to that which is absolutely needed to perform job duties.

  • Election of Stewards In order to provide an orderly and speedy procedure for the settling of grievances, the Employer acknowledges the right of the Union to appoint or elect stewards (to a maximum of two), whose duty shall be to assist any employee which the xxxxxxx represents, in preparing and in presenting his/her grievance in accordance with the grievance procedure.

  • Leave of Absence for Employees Who Serve as Local Coordinators for the Ontario Nurses' Association An employee who serves as Local Coordinator for the Ontario Nurses' Association shall be granted leave of absence without pay up to a total of thirty-five (35) days annually. Leave of absence for Local Coordinators for the Ontario Nurses' Association will be separate from the Union leave provided in (a) above.

  • Recognition of Stewards The Employer recognizes employees who are designated by the Union as stewards to act on behalf of the employees.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Administration of Medication Employees required to administer or apply medication(s) prescribed by a qualified medical practitioner, will be trained at the Employer's expense. Employees who have not received this training will not be permitted to administer such substances.

  • Integration of Benefits If you are disabled, the monthly payments under this plan will be reduced by the amount of any Periodic Payments you are entitled to apply for and receive with respect to the disability under any Workplace Safety & Insurance Act, the Canada Pension Plan or the Quebec Pension Plan. The amounts deducted will not include any additional benefits payable for children or subsequent cost of living increases.

  • NOTICE TO EMPLOYEES REGARDING THE SAFELY SURRENDERED BABY LAW The Contractor shall notify and provide to its employees, and shall require each Subcontractor to notify and provide to its employees, a fact sheet regarding the Safely Surrendered Baby Law, its implementation in Los Angeles County, and where and how to safely surrender a baby. The fact sheet is set forth in Exhibit I of this Contract and is also available on the Internet at xxx.xxxxxxxxxx.xxx for printing purposes.

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