Charitable Foundation Sample Clauses

Charitable Foundation. The Employer agrees to pay the sum of $2.00 for each regular employee (covered by this agreement) per month to a trust fund set up and established for religious, charitable and educational purposes as the same may be defined in Section 501 (c) (3) of the Internal Revenue C o d e or any amendment thereto. Said trust fund is to be known as the “ Teamsters’ Local 688 Foundation.” The Employer shall not be responsible for the contributions or other obligations of any other E m p l o y e r . The Employer agrees that its execution of this agreement shall constitute execution also of the Agree­ ment and Declaration of Trust which is attached hereto and marked Exhibit “ C” and is hereby incorporated by reference as though fully set out: the Employer further agrees to execute such other and additional copies of said Agreement and Declaration of Trust as the Trustees shall request for their records.

Charitable Foundation. NHSB acknowledges and agrees that SBM Charitable Foundation, Inc., the charitable foundation affiliated with Connecticut Bancshares, is in existence and will continue to be operated for the benefit of Connecticut Bancshares’ community, notwithstanding that it is NHSB’s intention that The New Haven Savings Bank Foundation, Inc., the charitable foundation affiliated with NHSB and/or a new charitable foundation to be established in connection with the Conversion, may at some time subsequent to the Effective Date, service each of Connecticut Bancshares’ and NHSB’s respective communities.

Charitable Foundation. On or prior to the Effective Time, --------------------- Northwest and Corry shall use their best efforts to establish a charitable foundation (the "Charitable Foundation") for the purpose of providing charitable contributions to Corry, Pennsylvania and in other market areas served by Northwest. The contribution by Corry to the Charitable Foundation shall be $500,000 which contribution shall be made either prior to the Effective Time or promptly thereafter, at the discretion of Northwest. Northwest or Bancorp MHC shall make additional contributions to the Charitable Foundation, and the Charitable Foundation shall maintain a division using funds contributed or earmarked by Corry that is devoted substantially to the Corry community. In the event Northwest determines that it is not feasible or practicable to establish the Charitable Foundation and that the alternative of making charitable contributions directly or through Bancorp MHC is preferable, then the funds (described above) to be earmarked or contributed by Corry shall be contributed directly by Corry to charities or other organizations of its choice prior to or after the Effective Time. The Corry Advisory Board, as described in paragraph 7.7 of this Agreement, shall advise the foundation manager ("Foundation Manager") of the Charitable Foundation on appropriate charities and appropriate distribution of the annual income, and such principal as may be deemed appropriate, from the Corry division of the Charitable Foundation.

Charitable Foundation. AlCana is currently concluding an agreement with a charitable foundation (“Foundation”) covering a research and development program. The name of the Foundation will be disclosed in the detailed agreement. The planned research is directed at development of potential therapeutics for the treatment of a specific chronic and currently untreatable disease (“Foundation Disease”) [Redacted – Research Field]. The research program will include studies involving potential RNAi therapeutics. Tekmira agrees that AlCana will undertake this program under the following conditions: i. Any Intellectual Property that is generated in the collaboration will be called “Foundation IP” ii. All Foundation IP will be held and prosecuted by AlCana iii. AlCana will grant to Tekmira an exclusive license to the Foundation IP in the Field of Use, subject to the rights granted to the Foundation below iv. AlCana will grant to the Foundation exclusive rights to the Foundation IP related specifically to the Foundation Disease The Foundation will pay to AlCana a [Redacted – percentage]% royalty (less offsets) on Net Sales. AlCana will pass through [Redacted – percentage]% of any royalty it obtains from the Foundation to Tekmira EXHIBIT B - 33 - Alnylam Identified Sublicensees: AlCana Technologies, Inc. Ascletis Pharmaceuticals (Hangzhou) Co., Ltd. Genzyme Corporation Monsanto Company Novartis Institutes for BioMedical Research, Inc. Regulus Therapeutics Inc. (formerly Regulus Therapeutics LLC)

Charitable Foundation. (a) Company represents that the board of directors of the Company Bank Charitable Foundation is currently comprised of the individuals set forth on Company Disclosure Schedule Section 5.22. The Company shall use its best efforts to cause those individuals to remain on the board of the Company Bank Charitable Foundation until the Effective Time. (b) Company, Company Bank, Buyer, and Buyer Bank will work together to promote continued good relations with the charities and causes now supported by the Company Bank and the Company Bank Charitable Foundation. Company agrees that it may be advisable from and after the date of this Agreement for representatives of the Buyer Bank and the Buyer Bank Charitable Foundation to be introduced to and meet with the representatives and the charities and causes now supported by the Company Bank and the Company Bank Charitable Foundation. Company agrees to arrange those introductions and meetings at mutually convenient times. (c) Company shall use its best efforts to take all necessary action to, effective as of the Effective Time, (i) have the then current directors and officers of the Company Bank Charitable Foundation resign, (ii) appoint the individuals who then serve as directors and officers of the Buyer Bank Charitable Foundation to also serve as directors and officers of the Company Bank Charitable Foundation, (iii) also appoint two individuals designated by the Company to serve as directors of the Company Bank Charitable Foundation, and (iv) change the name of the Company Charitable Foundation to “Rockland Trust – East Boston Savings Bank Charitable Foundation.” (d) If the Effective Time occurs prior to the Company Bank Charitable Foundation making grant decisions and/or grants in response to applications submitted to the Company Bank Charitable Foundation by the August 31, 2021 deadline (the “2021 Grant Applications”), Buyer Bank shall use its best efforts to take all necessary action to have “Rockland Trust – East Boston Savings Bank Charitable Foundation” make grant decisions and grants in response to the 2021 Grant Applications as directed in writing by the person who served as CEO of the Company Bank immediately prior to the Effective Time.

Charitable Foundation. At the Effective Time, Umpqua will establish a charitable foundation for the benefit of the communities served by the Surviving Corporation, and Umpqua will contribute $10,000,000 to such foundation.

Charitable Foundation. Prior the end of the Term, the Company shall establish and fund a charitable foundation to be administered by the Employee for the benefit of the local community. Following the end of the Term and for a period of up to three years, the Employee shall earn fifteen hundred dollars ($1,500) per month for services performed on behalf of such new charitable foundation, with such payments to be made by the Company.

Charitable Foundation. As of the Effective Time, (i) a majority of the board of directors of the Company Charitable Foundation shall consist of individuals that are acceptable to Buyer in its sole discretion, and (ii) the name of the Company Charitable Foundation shall have been changed to “Rockland Trust — Peoples Federal Foundation”. By way of example, if the board of directors of the Company Charitable Foundation has 5 members, 3 of them shall be acceptable to Buyer in its sole discretion; if the board of directors of the Company Charitable Foundation has 6 or 7 members, 4 of them shall be acceptable to Buyer in its sole discretion, in each case as of the Effective Time.

Charitable Foundation. Promptly following the Effective Time, Buyer shall establish a charitable foundation for the benefit of the communities served by Seller as of immediately prior to the Effective Time, which charitable foundation will be initially funded with a $300,000 contribution by Buyer and thereafter funded annually with such amounts determined by Buyer as will aggregate no less than $3,000,000 during the six years immediately following the Effective Time.