Common use of Timeline Clause in Contracts

Timeline. By October 1, 2019, each Party shall bind itself to the Trust Fund Agreement(s). The Trust Agreement will include: • How trustees are appointed and removed • Terms of a trustee’s appointment • Quorum requirements • Meeting requirements • Powers/ability to call a special meeting of the board • Votes and quorum requirements • Liability provisions • Specific provisions outlining the necessary authority for the trustees to manage and administer the State Worker Training Fund and Program • Investment provisions • Investment standards • Enforcement mechanisms for the Contribution Agreement • Specific provisions outlining terms for amendments, mergers, termination of the trust • Establishing benchmarks and metrics. The Trust will produce an annual progress report beginning June 2021 that includes an operating plan for the upcoming year and a report back on the operating benchmarks and metrics for approval by the State’s CCO and the Unions’ Executive Director. By December 1, 2019 the Parties will use best efforts within the legal framework of the Trust Board to adopt a detailed plan for Training Fund operation, including establishing specific training objectives, performance benchmarks, expected outcomes, and hire a Director. By February 1, 2020 the trust will set up a minimum of one (1) pilot and a goal of two (2) based on budget and plan.

Timeline. By October 1, 2019, each Party shall bind itself to the Trust Fund Agreement(s). The Trust Agreement will include: • How trustees are appointed and removed • Terms of a trustee’s appointment • Quorum requirements • Meeting requirements • Powers/ability to call a special meeting of the board • Votes and quorum requirements • Liability provisions • Specific provisions outlining the necessary authority for the trustees to manage and administer the State Worker Training Fund and Program • Investment provisions • Investment standards • Enforcement mechanisms for the Contribution Agreement • Specific provisions outlining terms for amendments, mergers, termination of the trust • Establishing benchmarks and metrics. The Trust will produce an annual progress report beginning June 2021 that includes an operating plan for the upcoming year and a report back on the operating benchmarks and metrics for approval by the State’s CCO and the Unions’ Union’s Executive Director. By December 1, 2019 the Parties will use best efforts within the legal framework of the Trust Board to adopt a detailed plan for Training Fund operation, including establishing specific training objectives, performance benchmarks, expected outcomes, and hire a Director. By February 1, 2020 the trust will set up a minimum of one (1) pilot and a goal of two (2) pilots based on budget and plan.. LETTER OF AGREEMENT 00.00-19-368