Trust Status. The Trust is a trust duly formed and validly existing under the real estate investment trust law of Maryland, with all requisite power and authority to enter into this Agreement and to carry out its obligations hereunder.
Trust Status. No provision in this Agreement shall be construed to xxxxx Xxxxxxx Xxx or any other person authority to act in any manner which would cause a PC Pool not to be treated as a fixed investment trust for federal income tax purposes.
Trust Status. Preserve and maintain the Trust’s existence as a trust validly existing under the laws of the Province of Ontario, and qualify and remain qualified to carry on business in each jurisdiction.
Trust Status. Meadowcourt is a trust duly organized and validly existing under the laws of its state of formation.
Trust Status. Buyer is a real estate investment trust duly organized and validly existing under the laws of State of Maryland and is, or will be on the applicable Closing Date, duly authorized to do business in the state in which the Property is located in accordance with local law. O.B. McCoin is the Executive Vice President of Buyer and has been dulx xxxxxxxxxd and empowered by Buyer to execute this Agreement and all documents in connection herewith.
Trust Status. Should the Trust be determined to be underfunded under the standards of the Pension Protection Act (“PPA”) and notice is received by either the Union or the City that the plan is in “endangered” (known as the “yellow zone”), “seriously endangered” (orange) or L313 TEAMSTERS 2018-2021 – FINAL DocuSign Envelope ID: 6BB0D733-DBFA-48AA-860A-6C4B144DB146 The City of Tacoma (City) and Teamsters Local 313 (Local 313 or Union) (collectively, the Parties) enter into this Letter of Understanding (XXX). The purpose of this XXX is to establish guidelines for the overtime procedure for Biosolid Distribution Operators (BDOs) in the Environmental Services Department Business Operations Division Biosolids Section only. The Parties recognize that while there has been an Overtime Ranking List in use for BDOs, there has been no written procedure. This XXX is entered into by the Parties, as referenced in an executed Revised Settlement Agreement effective March 9, 2020, of a grievance dated November 20, 2019, Union Tracking No. 000-00-000-0000. The Parties agree as follows:
1. This XXX is to be read in conjunction with the applicable terms of the Parties’ Collective Bargaining Agreement (CBA).
2. This XXX does not apply to employees finishing their daily assignments, pursuant to Section 14.8.D, Daily Assignments, of the CBA, that states “It is required that all personnel finish their bid assignments for the day even if it requires overtime.”
3. Scheduled and unscheduled overtime will be offered to all employees by the Overtime Ranking List on a voluntary, rotation basis. Ranking on the list is established by the total number of overtime hours worked by each employee throughout the year, to disburse the overtime equally amongst the employees. The list will be updated as overtime is assigned. The employee with the least amount of overtime hours worked shall be listed number one on the list. The employee with the greatest amount of overtime worked shall be listed last. The list will change throughout the calendar year according to hours of overtime worked.
4. If there are not enough volunteers to fill overtime assignments, management retains the right to assign overtime by inverse departmental seniority.
5. An employee must be trained and eligible to be offered an overtime assignment. Training shall be offered by seniority on new equipment.
6. An employee must be at work the day of an overtime assignment to be assigned same day overtime. An employee must also be at work on Friday...
Trust Status. Each of the DST Trust and the HJ Trust has full power and authority to own its properties and assets and to enter into this Agreement and consummate the transactions contemplated hereby.
Trust Status. All assets held in connection with the Plan, including all amounts of compensation deferred pursuant to the Plan, all property and rights acquired or purchased with such amounts and all income attributable to such amounts, property or rights shall be held in trust for the exclusive benefit of Participants and their Beneficiaries under the Plan. No part of the assets and income of the Plan shall be used for, or diverted to, purposes other than for the exclusive benefit of Participants and their Beneficiaries and for defraying reasonable expenses of the Plan.
Trust Status. Each New Partner represents that it is a "grantor trust" under Section 671 et seq. of the Internal Revenue Code of 1986, as amended, and that its sole grantor (or owner) is its respective transferring partner. Each New Partner agrees to promptly notify the Partnership of any change in this treatment and of the facts relating to any such change. Each New Partner agrees that neither it nor its grantor will take any action that would cause the Partnership to violate Section 2.6 of the Partnership Agreement.
Trust Status. The Trust is duly organized, validly existing and in good standing under the laws of the State of California and has the requisite power and authority to own its properties. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency or rehabilitation of the Trust.
