COUNCIL FUNDS Sample Clauses

COUNCIL FUNDS. (1) The employer and the employee NBC Levy contribution shall be converted to a percentage–based contribution.
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COUNCIL FUNDS. The employer and the employee NBC Levy contribution shall be converted to a percentage– based contribution. The funds of the Council, which shall be vested in and administered by the Council, shall be provided in the following manner:
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COUNCIL FUNDS. The Funds of the Council, which shall be vested in and administered by the Council shall be provided in the following manner:
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COUNCIL FUNDS. The funds of the Council shall be vested in and administered by the Council, and shall be provided in the following manner: On the first pay-day after this Agreement comes into operation and on each pay- day thereafter, the amount of R6,00 shall be deducted by the employer from the wages of each of his employees for whom minimum rates of pay are set out in this Agreement. Provided that where an employee is paid weekly, the amount applicable shall be deducted on a monthly basis from the wages of each of his employees for whom minimum rates of pay are specified in this Agreement. Provided further that this shall not be affected by the annual leave period specified in clause 7(1) for which period the applicable deductions shall be made. The total amount so deducted, together with an equal amount which shall be contributed by the employer, shall be forwarded by the employer to the Secretary of the Council at the registered address of the Council, to be received by the Council not later than the seventh day of the month following that to which the deductions refer, together with a statement as in Annexure A. In the event of an employer failing to pay the amount referred to above, the employer shall pay interest on such outstanding amount at a rate of interest to be determined by the Council from time to time, subject to the provisions of the Usury Xxx 0000 (Act No 73 of 1968), and calculated as from 30 days from the date on which payment became due until the day upon which payment is actually received by the Council: Provided that the Council shall be entitled in its absolute discretion to waive payment of such interest or part thereof.
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COUNCIL FUNDS. The Council’s Funds shall be established and maintained by the Treasurer of the Council separate and apart from all other funds which may be under the custody of the Treasurer. A separate fund shall be established for each program of the Council. In addition, the Council shall establish a separate fund (herein referred to as the “Council Fund”) for the payment of overhead costs of the Council not solely attributable to any one program. Those overhead costs may be allocated to the various programs of the Council and moneys may be transferred from the various program funds to the Council Fund in such manner as may be authorized by the Board of Directors, consistent with the budget approved by the Assembly pursuant to Section 10 of these Bylaws. The Council’s Funds shall be subject to the laws of the State concerning the investment and management of public funds, particularly Revised Code Chapter 135, and shall be subject to audit and inspection by the Auditor of State. The Council’s Funds shall be the responsibility of the Treasurer. The Treasurer of the Council shall deposit in the Council Fund the contributions received from the Members or from other sources for operating costs of the Council. Any interest earned on moneys in the Council Fund shall be credited to the Council Fund. Disbursements may be made from the Council Fund by the Treasurer at the direction of the Board of Directors or the Assembly for any proper purpose of the Council, including but not limited to payment of operating costs, costs incurred in connection with the organization and meetings of the Council, costs and expenses of studies undertaken relating to new programs which may be of interest and benefit to Members of the Council, salaries of any staff employed by the Council (including the persons employed as the Treasurer and Executive Director), fees and expenses of consultants and attorneys, and payment of other operating expenses. The Treasurer of the Council shall maintain records which separately identify by Member all contributions from the respective Members for payment of costs of operating the Council and its programs. The Treasurer shall maintain records which account for all disbursements from the Council’s Funds. The Treasurer shall make monthly reports to the Board of Directors concerning all contributions to and disbursements from the Council’s Funds during the preceding calendar month.
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COUNCIL FUNDS. 15.1 For the purposes of meeting the expenses of the Council, every employer shall deduct R1-50 cents per week from the earnings of each of his employees.
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Related to COUNCIL FUNDS

  • Multi-Manager Funds In connection with securities transactions for the Fund, the Subadviser that is (or whose affiliated person is) entering into the transaction, and any other investment manager that is advising an affiliate of the Fund (or portion of the Fund) (collectively, the “Managers” for the purposes of this section) entering into the transaction are prohibited from consulting with each other concerning transactions for the Fund in securities or other assets and, if both Managers are responsible for providing investment advice to the Fund, the Manager’s responsibility in providing advice is expressly limited to a discrete portion of the Fund’s portfolio that it manages. This prohibition does not apply to communications by the Adviser in connection with the Adviser’s (i) overall supervisory responsibility for the general management and investment of the Fund’s assets; (ii) determination of the allocation of assets among the Manager(s), if any; and (iii) investment discretion with respect to the investment of Fund assets not otherwise assigned to a Manager.

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year.

  • Fund Administration Treasury Services a. Prepare for the review by designated officer(s) of the Trusts’ financial information that will be included in the Trusts’ semi-annual and annual shareholder reports (which shall also be subject to review by the Trusts’ legal counsel), and other quarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;

  • Professional Development Fund A budget item equal to one-half (½) of one (1) percent of employees' salaries shall be set aside annually to be used to:

  • Partnership Funds Pending application or distribution, the funds of the Partnership shall be deposited in such bank account or accounts, or invested in such interest-bearing or non-interest bearing investment, including, without limitation, checking and savings accounts, certificates of deposit and time or demand deposits in commercial banks, U.S. government securities and securities guaranteed by U.S. government agencies as shall be designed by the General Partner. Such funds shall not be commingled with funds of any other Person. Withdrawals therefrom shall be made upon such signatures as the General Partner may designate.

  • Mutual Funds The Sponsor hereby acknowledges that it has received from the Trustee a copy of the prospectus for each Mutual Fund selected by the Sponsor as a Plan investment option. Trust investments in Mutual Funds shall be subject to the following limitations:

  • INDUSTRY FUND a. The Employer shall contribute and remit such contributions to the Union’s Industry Fund as specified in Schedule “A” for each hour worked by each employee covered by this Agreement.

  • HUMANITY FUND The Company agrees to deduct on a weekly basis the amount of forty (40) cents per week from the wages of all employees in the bargaining unit for all hours worked and, prior to the 15th day of the month following, to pay the amount so deducted to the "Humanity Fund" and to forward such payment to United Steelworkers National Office, 000 Xxxxxxxx Xxxxxx Xxxx, Xxxxxxx, Xxxxxxx, X0X 0X0 and to advise in writing both the Humanity Fund at the aforementioned address and the local union that such payment has been made, the amount of such payment and the names of all employees in the bargaining unit on whose behalf such payment has been made. All employee deductions are voluntary and may be cancelled upon request.

  • Income Funds T. Rowe Price Multi-Sector Account Portfolios, Inc. on behalf of:

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

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