Unit. The fractional undivided interest in and ownership of an individual Trust Fund equal initially to 1/(the number of Units of fractional undivided interest outstanding) provided in the Statement of Condition in the Prospectus for the Trust Fund, the denominator of which fraction shall be (1) increased by the number of any additional Units issued pursuant to Section 2.03 hereof and (2) decreased by the number of any such Units redeemed as provided in Section 5.02. Whenever reference is made herein to the "interest" of a Unitholder in the Trust Fund or in the Income or Capital Accounts, it shall mean such fractional undivided interest represented by the number of Units, whether or not evidenced by a Certificate or Certificates, held of record by such Unitholder in such Trust Fund.
Unit. The term “
Unit. An academic unit is: a non-departmentalized Faculty or School headed by a Xxxx; a, Department or School headed by a Director, Head or Chair in a departmentalized faculty; the University Library.
Unit. The Board hereby recognizes the Association as the exclusive and sole representative for collective negotiation concerning grievances and terms and conditions of employment for all certified personnel whether under contract, on leave or employed by the Board, such personnel being specifically identified as follows: Secretary, all senior titles.
Unit. A unit trust portfolio is divided into identical units. Each unit represents the same amount of assets in the unit trust portfolio. The size of a contribution and the unit price when an investment is made determines the number of units held in a unit trust portfolio. A unit trust portfolio may have different classes of units for which there are different fees and charges. A unit is also known as a ‘participatory interest’ in the unit trust portfolio. In this investment agreement the term ‘unit’ refers to a unit in the Nedgroup Investments unit trust portfolios administered by the Manager. Financial planning business An authorised Financial Services Provider as defined in the Financial Advisory and Intermediary Services Act, which may be either a legal entity or an individual. In this investment agreement the term ‘financial planner’ also refers to ‘financial planning business’. Investment mandate A document we prepare describing the main characteristics, objectives and investment limits of a unit trust portfolio. It is lodged with ASISA and you can ask them or us for it at any time. Compulsory annuity An annuity you may purchase with some or all of the benefit you receive from the fund on retirement. The annuity must be purchased from an insurer registered under the Long-term Insurance Act, or such other annuity income provider as may be allowed by law. Investor number This is your unique identification number that we use to identify you and access your fund membership details and other information. Product account (client account group) Your fund membership and underlying investment is administered by the Administrator through a product account/client account group, which comprises the fund’s underlying unit trust portfolios as selected by you and made available by the fund (also referred to as the ‘underlying investment’ or ‘investment’). We use the term ‘product account’ in this investment agreement. Business day The Administrator and us only operate on business days. This is any day apart from a Saturday, Sunday or official South African public holiday. Day and business day have the same meaning.
Unit. The Board hereby recognizes the Association as the exclusive and sole representative for collective negotiations concerning grievances and terms and conditions of employment for all teachers, whether under contract, or on leave. Excluded are the following: Superintendent Principal Assistant Principal Substitute Teachers Home Instruction Supervisor of Special Education Supervisor of Curriculum Doctor Dentist Business Administrator/Board Secretary All Supervisory Personnel Social Worker - Non-certificated
Unit. A work unit which hires and maintains its own pools of Per Diems and maintains its own Per Diem seniority roster.
Unit a. This unit shall include all full-time and part-time employees occupying positions listed in Appendix A of this Agreement, and all other similarly situated positions now and in the future excluding—
(1) The positions of superintendent, and those persons designated by the Board of Education to act in a negotiations capacity pursuant to the public school laws; and,
(2) Employees denominated or functioning as directors and assistant directors, supervisors and assistant supervisors, administrative assistants, coordinators, principals and assistant principals, administrative interns and elementary principal trainees, and all other similarly situated positions now and in the future.
b. When the Board of Education wishes to move positions into the MCEA unit or out of the MCEA unit, such movement shall be subject to negotiations between the parties.
Unit members may use a maximum of ten (10) days of sick leave annually to attend to compelling personal business. Personal Necessity Leave shall not be used for: • Vacation • Recreation • Extension of holidays or extended weekends • Personal convenience • Concerted activities
Unit. A unit trust portfolio is divided into identical units. Each unit represents the same amount of assets in the unit trust portfolio. The size of a contribution and the unit price when an investment is made determines the number of units held in a unit trust portfolio account. A unit trust portfolio may have different classes of units for which there are different fees and charges. A unit is also known as a ‘participatory interest’ in the unit trust portfolio. In this investment agreement the term ‘unit’ refers to a unit in the Nedgroup Investments unit trust portfolios administered by the Manager. Financial planning business An authorised Financial Services Provider as defined in the Financial Advisory and Intermediary Services Act, which may be either a legal entity or an individual. In this investment agreement the term ‘financial planner’ also refers to ‘financial planning business’ Investment mandate A document we prepare describing the main characteristics, objectives and investment limits of a unit trust portfolio. It is lodged with ASISA and you can ask them or us for it at any time. Investor number This is your unique identification number that we use to identify you and access all you your policy and other information. Product account (client account group) Your policy is administered by us through a product account/client account group, which comprises your policy’s underlying unit trust portfolios as selected by you and made available by the Insurer (also referred to as the ‘underlying investment’ or ‘investment’). We use the term ‘product account’ in this investment agreement. Business day We only operate on business days. This is any day apart from a Saturday, Sunday or official South African Public holiday. Day and business day have the same meaning.
