Management Fund Sample Clauses

Management Fund. Out of the 60% gained by the firm 20% is set aside as a management fund for expenses or maintenance costs associated with the property. Development Plan: A comprehensive development plan will be discussed and agreed upon in the land development agreement. Terms and Conditions: ⮚ I acknowledge that my monthly contribution is non-refundable. ⮚ I understand that the development timeline may be subject to change. ⮚ I acknowledge that ▇▇▇▇▇▇▇▇ will possess the property management rights henceforth and on permanent basis. ⮚ Any attempt to sabotage the agreement by any party either by the firm or the land owner, calls for absorption of all the stake of the involved party without compensation. LAND DEVELOPMENT AGREEMENT FORM Agreement is made at (date) This day of the month of / (Year)between Of identification number (ID) KRA pin

Management Fund. The Labor Management Fund will be a jointly administered Trust Fund, which meets the requirements of the ▇▇▇▇-▇▇▇▇▇▇▇ Act, and the Fund Trustees will select a third party Administrator to receive and disperse all monies on behalf of the Trustees of the Fund. The Trustees of the Fund will establish bylaws, intended purpose and allocations of the Fund. The standards for this fund will be governed by the Trust Fund bylaws.