Funding and Administration Sample Clauses

Funding and Administration. The current fund administration shall be altered to reflect the accounting practices detailed in accordance with Section D of this Article. Effective July 1, 2003, the current method of funding for the Workforce Development Fund shall be modified as follows: The Employer shall make an ‘Employer Contribution’, and, on behalf of the employees due to a previous wage increase modification, an ‘Employee Contribution’. The ‘Employer Contribution’ shall be ten cents ($.10) for each hour in active payroll status, including sick leave, for each bargaining unit employee. The ‘Employee Contribution’ shall be five cents ($.05) for each hour in active payroll status, including sick leave, for each bargaining unit employee. The parties agree that the net assets of the fund shall not be greater than twelve million dollars ($12,000,000). Should the net assets of the fund exceed twelve million dollars ($12,000,000) the Employer’s share of the contributions shall cease. The Employer’s contribution shall be reinstated if the net assets of the fund fall below nine million ($9,000,000) dollars. Fund balances unexpended or encumbered in one (1) fiscal year shall be carried forward and be available in subsequent fiscal years, within the limit of the twelve million ($12,000,000) dollars cap set forth above. No wage scale shall be increased or decreased as a result of the temporary cessation of contributions or the reinstatement of same. No later than December 31, 2003, DAS shall administer such programs through a Third Party Administrator (TPA).
AutoNDA by SimpleDocs
Funding and Administration. The Sick Leave Bank (hereinafter referred to as SLB) for Unit I Employees is a program administered by the Teachers Association of Xxxx Arundel County (hereinafter referred to as TAAAC) with certain cooperation from the board of education (hereinafter referred to as the BOE). The BOE provides the funding up to a maximum provided by the Negotiated Agreement through the use of sick leave donated by TAAAC members participating in the SLB. The BOE provides paycheck continuation for SLB grantees. The SLB grants are determined by a three-member panel of TAAAC members. This panel is the Sick Leave Bank Approval Committee (hereinafter referred to as the SLBAC). The SLBAC provides coverage to qualifying grant requestees. As the administrator of the SLB, the SLBAC has a trustee’s responsibility which must be balanced between the interest of the individual requestee and the total membership of the SLB. The SLBAC is assisted by legal counsel, medical advisors, a TAAAC staff liaison and a TAAAC support staff. The administrative costs of the SLB are paid from the TAAAC budget. AGREEMENT LANGUAGE
Funding and Administration. 1. The Nations’ participation on the Joint Executive will be funded pursuant to funding and Annual Work Plans as set out in the Schedule.
Funding and Administration a) Each Management Council will reach agreed-upon Annual Work Plans for itself and its Technical Working Group, plus any additional committees or work groups.
Funding and Administration a) The Bio-regional Management Council will reach agreed-upon Annual Work Plans for itself and any additional committees or work groups.
Funding and Administration a) The Nations and their Sub-regional aggregate participation in the Technical Working Groups, including their co-Chair positions, will be funded pursuant to funding and annual work planning as set out in the Schedule.
Funding and Administration 
AutoNDA by SimpleDocs

Related to Funding and Administration

  • 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;

Time is Money Join Law Insider Premium to draft better contracts faster.