Trust fund agreement Sample Clauses

Trust fund agreement. The parties to this Agreement shall be bound by the Local Joint Apprenticeship and Training Trust Fund Agreement which shall conform to Section 302 of the Labor- Management Relations Act of 1947 as amended, ERISA and other applicable regulations. The Trustees authorized under this Trust Agreement are hereby empowered to determine the reasonable value of any facilities, materials or services furnished by either party. All funds shall be handled and disbursed in accordance with the Trust Agreement.
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Trust fund agreement. Irradiated articles may be imported into the United States in accordance with this section only if the NPPO of the coun- try in which the irradiation facility is located or a private export group has entered into a trust fund agreement with APHIS. That agreement requires the NPPO or the private export group to pay, in advance of each shipping sea- son, all costs that APHIS estimates it will incur in providing inspection and treatment monitoring services at the irradiation facility during that ship- ping season. Those costs include ad- ministrative expenses and all salaries (including overtime and the Federal share of employee benefits), travel ex- penses (including per diem expenses), and other incidental expenses incurred by APHIS in performing these services. The agreement will describe the gen- eral nature and scope of APHIS serv- ices provided at irradiation facilities covered by the agreement, such as whether APHIS inspectors will monitor operations continuously or intermit- tently, and will generally describe the extent of inspections APHIS will per- form on articles prior to and after irra- diation. The agreement requires the NPPO or private export group to de- posit a certified or cashier’s check with APHIS for the amount of those costs, as estimated by APHIS. If the deposit is not sufficient to meet all costs in- curred by APHIS, the agreement fur- ther requires the NPPO or the private export group to deposit with APHIS a certified or cashier’s check for the amount of the remaining costs, as de- termined by APHIS, before any more articles irradiated in that country may be imported into the United States. After a final audit at the conclusion of each shipping season, any overpayment of funds would be returned to the NPPO or the private export group or held on account until needed, at the option of the NPPO or the private ex- port group.
Trust fund agreement. The avoca- dos may be imported only if the Mexi- can avocado industry association rep- resenting Mexican avocado growers, packers, and exporters has entered into a trust fund agreement with the Ani- mal and Plant Health Inspection Serv- ice (APHIS) for that shipping season. That agreement requires the Mexican avocado industry association to pay in advance all estimated costs that APHIS expects to incur through its in- volvement in the trapping, survey, har- vest, and packinghouse operations pre- scribed in paragraph (c) of this section. These costs will include administrative expenses incurred in conducting the services and all salaries (including overtime and the Federal share of em- ployee benefits), travel expenses (in- cluding per diem expenses), and other incidental expenses incurred by the in- spectors in performing these services. The agreement requires the Mexican avocado industry association to deposit
Trust fund agreement. Clementines from Spain may be imported only if the Government of Spain or its designated representative enters into a trust fund agreement with APHIS before each shipping season in accordance with § 319.56–6.
Trust fund agreement. The Reinsurer shall immediately secure its obligations under this Agreement pursuant to a trust account established under a Reinsurance Trust Agreement, to be executed by the Reinsurer and the Company, which Reinsurance Trust Agreement shall be in the form attached hereto as Exhibit B. The assets deposited in the trust account shall be valued according to their current fair market values and shall consist only of cash and other types of assets identified in the Reinsurance Trust Agreement; provided, however, none of the assets deposited into the trust account shall consist of investments issued by the parent, subsidiary or affiliate of either the Reinsurer or the Company. Notwithstanding any provision in this Agreement, the assets held in the trust account shall only be withdrawn, utilized and applied in accordance with the terms and conditions of the Reinsurance Trust Agreement.
Trust fund agreement. Purpose: Assets are restricted and may only be expanded as follows: In the event of discontinuance of a school or consolidation of the MSAD No.9 school system, or similar event describe how the assets of The Fund should be disposed: I agree to the above terms and conditions, and I understand that it is the policy of the Board of Directors to maximize interest earnings for trust funds through the Purchase of Certificates of Deposit and similar safe and prudent deposits in interest bearing account, in institutions who shall fully insure, or collateralize such deposits. I also understand that in order to maximize interest earnings and to centralize accounting function, the district may use a cash-pool approach in managing the assets and for distributing interest earnings. Signature of Contributor(s) Mailing Address Telephone Number Reviewed By: (Business Administrator) (Date) Approved By: (Superintendent) (Date) Approved: June 17, 1997 Reviewed: January 22, 2002

Related to Trust fund agreement

  • Trust Fund The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans.

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