Organization and Governance Sample Clauses

Organization and Governance. The parties agree ESD is authorized as the legal and administrative entity to govern and direct the operation of this Agreement and the parties’ obligations hereunder in accordance with the terms of this Agreement and the ESD’s adopted policies and procedures.
AutoNDA by SimpleDocs
Organization and Governance. The LIC shall be organized and operated in such a manner that it is controlled by a licensed Plan or Plans which have, directly or indirectly: 1) not less than 51% of the voting control of the LIC; and 2) the legal ability to prevent any change in the articles of incorporation, bylaws or other establishing or governing documents of the LIC with which it does not concur; and 3) operational control of the LIC. If the LIC is a mutual company, the Plan or its designee(s) shall have and maintain, in lieu of the requirements of items 1 and 2 above, proxies representing at least 51% of the votes at any policyholder meeting and shall demonstrate that there is no reason to believe such proxies shall be revoked by sufficient policyholders to reduce such percentage below 51%.
Organization and Governance. The LIC shall be organized and operated in such a manner that it is controlled by a licensed Plan or Plans which have, directly or indirectly: 1) not less than 51% of the voting control of the LIC; and 2) the legal ability to prevent any change in the articles of incorporation, bylaws or other establishing or governing documents of the LIC with which it does not concur; and 3)
Organization and Governance. The LIC shall be organized and operated in such a manner that it is controlled by a licensed Plan or Plans which have, directly or indirectly: 1) not less than 51% of the voting control of the LIC; and 2) the legal ability to prevent any change in the articles of incorporation, bylaws or other establishing or governing documents of the LIC with which it does not concur; and 3) operational control of the LIC. If the LIC is a mutual company, the Plan or its designee(s) shall have and maintain, in lieu of the requirements of items 1 and 2 above, proxies representing at least 51% of the votes at any policyholder meeting and shall demonstrate that there is no reason to believe such proxies shall be revoked by sufficient policyholders to reduce such percentage below 51%. The LIC must maintain unimpaired licensure or certificate of authority to operate under applicable state laws as a life and health insurance company in each state in which the LIC does business.
Organization and Governance. Pursuant to RSA 21-H:4(c), RSA 21-H:8, RSA 194:60, COR 302 and Ed 302.01, the Commissioner of Corrections shall act as the Superintendent of the Corrections Special School District and shall provide supervision through the Corrections Special School District Steering Committee. The Education Director, in conjunction with the Career and Technical Education Director will perform any duty assigned by the superintendent in accordance with the CSSD Steering committee, state statutes, rules of the state board of education and this Interagency Agreement. Pursuant to ED 304.01; The Education Director will fill the role of Principal for the Corrections Special School District, with appropriate NHDOE Principal certification (0003). The Education Director assumes the full responsibility of structuring and organizing Granite State High School, in conjunction with the Career and Technical Education Director, who assumes the full responsibility of structuring and organizing the Career and Technical Education Center. Jointly both Directors will work to meet the academic and behavioral needs of both male and/or female offenders at various facilities; the accountability needs of the agency; the mandates of the State Department of Education's various divisions; the objectives of various grantor agencies funding our programs; and the expectations of public schools, working in close and immediate contact with offenders on a daily basis while maintaining security throughout the Corrections Special School District. Supervision of the Education Director and the Career and Technical Education Director will be provided through the appropriately delegated authority, see attachment A of this document for the Organizational Chart.
Organization and Governance. A Joint Powers Fire Board (hereinafter referred to as the “Board") is hereby created for the governance of the Department and to facilitate the performance of this Agreement throughout its term. Such Board shall have the powers specifically given herein and shall have the power to make recommendations to the Parties to improve cooperation and efficiency in carrying out the intent of this Agreement and to make recommendations for amendments and supplements to this Agreement.
Organization and Governance. The College will be a unit of the University, separately accredited from the UIC College of Medicine and subject to all University policies. The Parties agree not to adopt any policy that eliminates or materially alters the terms of the Affiliation Agreement. They will endeavor to inform each other of proposed policy changes that could impact their performance under the affiliation. • The Illinois Chancellor and the Xxxxx Chief Executive Officer will provide ultimate oversight and accountability for the affiliation, while the Illinois Xxxxxxx and the Xxxxx Chief Medical Officer will provide coordination, guidance and support necessary to achieve the Parties' Mission and Vision. • A Joint Liaison Committee composed of five members from each Party plus the Xxxx/XXX will provide ongoing advice and guidance to the Xxxxxxx, Xxxxx CMO and Xxxx/XXX, particularly in coordinating the operating and capital budgets and strategic plans; providing input on faculty recruitment, compensation plans and joint searches for physician faculty; and resolving conflicts between the Parties. • Recommendations by the Liaison Committee regarding any of the following actions require a supermajority affirmative vote, and each party must approve the action according to its internal processes before implementation may occur: Expansion of the College (such as new locations or increase in enrollment); amendments to the Liaison Committee charter; operational changes or significant proposed expenditures that materially deviate from approved budgets or strategic plans; and affiliations by the College with other health care practice sites for programmatic clinical rotations. The Xxxx/XXX may permit individual students to obtain clinical experiences at sites other than Xxxxx in special situations. • A Mission and Vision statement taken from the Parties’ business plan is an exhibit to the Affiliation Agreement. Financial Matters • Xxxxx will fund $50 million over the initial five years in five equal, annual installments. Another $50 million will be similarly payable over the subsequent five-year period following the College's receipt of LCME provisional accreditation. The first payment will be net of funds expended by Xxxxx for pre-commencement expenses that were approved according to the Parties’ agreed process. After the seventh anniversary, a portion of the Xxxxx contribution may be placed in a special endowment in Xxxxx’x name and held by Illinois. • Xxxxx will pay an additional sum of $1....
AutoNDA by SimpleDocs
Organization and Governance. The LIC shall be organized and operated in such a manner that it is controlled by a licensed Plan or Plans which have, directly or indirectly: 1) not less than 51% of the voting control of the LIC; and 2) the legal ability to prevent any change in the articles of incorporation, bylaws or other establishing or governing documents of the LIC with which it does not concur; and 3) operational control of the LIC. If the LIC is a mutual company, the Plan or its designee(s) shall have and maintain, in lieu of the requirements of items 1 and 2 above, proxies representing at least 51% of the votes at any policyholder meeting and shall demonstrate that there is no reason to believe such proxies shall be revoked by sufficient policyholders to reduce such percentage below 51%. The LIC must maintain unimpaired licensure or certificate of authority to operate under applicable state laws as a life and health insurance company in each state in which the LIC does business. The LIC and its sponsoring licensed Plan(s) shall maintain and furnish, on a timely and accurate basis, such records and reports regarding the LIC as may be required in order to establish compliance with the license agreement. The LIC and its sponsoring licensed Plan(s) shall permit BCBSA to examine the affairs of the LIC and shall agree that BCBSA's board may submit a written report to the chief executive officer(s) and the board(s) of directors of the sponsoring Plan(s). The LIC and its sponsoring Plan(s) shall agree to use the then-current BCBSA mediation and mandatory dispute resolution processes, in lieu of a legal action between or among another licensed controlled affiliate, a licensed Plan or BCBSA.
Organization and Governance. The parties agree the NWESD is authorized as the legal and administrative entity to govern and direct the operation of this Agreement and the parties’ obligations hereunder in accordance with the terms of this Agreement and the NWESD’s adopted policies and procedures. While every effort will be made to avoid over- commitment, it is understood in the event of schedule conflicts, the NWESD retains priority.
Organization and Governance. The GGFR is organized and governed as follows:
Time is Money Join Law Insider Premium to draft better contracts faster.