Surpluses Clause Samples
The Surpluses clause defines how any excess funds or resources remaining after obligations have been met are to be handled. Typically, this clause outlines the process for distributing or retaining surpluses, such as returning unused funds to contributors or allocating them for future use. Its core function is to ensure transparency and fairness in the management of leftover assets, preventing disputes over their disposition.
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Surpluses. The Board and the Union agree that it is beneficial for the ef- ficient operation of the school system that surpluses of em- ployees be kept to a minimum and that existing staff should be considered for vacant positions for which they are qualified . • If there are any vacancies, schools first must offer open positions to current qualified BCPSS employees prior to making any offer to a non-BCPSS candidate . • The Board shall provide the Union with monthly notice of all open positions in the bargaining unit, and the Board shall place notice of vacancies on the BCPSS intranet, school bulletin boards and the Office of Hu- man Resources as positions become available . • If there are any bargaining unit members who are in a surplus status, the Board shall, within 30 days of the execution of this Agreement, terminate all contracts with third parties that provide services ordinarily as- signed to or performed by bargaining unit members in surplus status provided that there is no penalty for terminating the specific contact prior to the end of its stated term . Bargaining unit members currently as- signed to surplus positions shall be assigned, if qual- ified, to openings caused by the termination of third party contracts . If, during the term of this Agreement, there are any bargaining unit members who are in a surplus status, the Board shall not contract with third parties to provide services ordinarily assigned to or performed by qualified bargaining unit members who are available to perform the particular services . • Any I.E.P. that requires services that are ordinarily performed by bargaining unit members shall be per- formed by bargaining unit members . This work may not be subcontracted unless there are no qualified bargaining unit members available to perform the service required under the I .E.P . No bargaining unit member shall be regularly assigned work that is or- dinarily assigned to and performed by other employ- ees or other bargaining unit members . For example, a paraprofessional shall not be assigned to perform the duties of a secretary .
Surpluses. For purposes of the enforcement of this resolution, the amounts of the surpluses are as follows: Fiscal year 2001: $29,933,000,000. Fiscal year 2002: $161,361,000,000. Fiscal year 2003: $64,529,000,000. Fiscal year 2004: $71,059,000,000. Fiscal year 2005: $62,257,000,000. Fiscal year 2006: $63,458,000,000. Fiscal year 2007: $82,072,000,000. Fiscal year 2008: $94,888,000,000. Fiscal year 2009: $122,457,000,000. Fiscal year 2010: $163,852,000,000. Fiscal year 2011: $193,156,000,000.
Surpluses. The Board and the Union agree that it is beneficial for the ef- ficient operation of the school system that surpluses of em- ployees be kept to a minimum and that existing staff should be considered for vacant positions for which they are qualified.
Surpluses. In the case of Basic Funds, any quantity that exceeds the limits established in articles 28 and 30 of this Agreement, and for other Funds, those established in article 30, will be considered surplus. When surpluses occur, the Manager shall immediately inform the National Securities Commission, and register them is a special account segregated from its financial statements. 30 When the surplus is in an amount exceeding 5% of the limit established in this Agreement and it has been provoked by price fluctuation or any other cause not within the Manager’s control, it will have a one (1) year term to eliminate it, starting on the moment it occurred. 31 If the cause of the surplus is attributable to the Manager, it must eliminate it in a maximum six (6) month term, without dismissing the applicable sanctions and the responsibilities that may be charged to it due to the damage to the Fund. The violations to this Article will be penalized by the National Securities Commission by means of administrative measures depending of the seriousness of the offense, its recidivism and the damages to third parties. Said sanctions may be applied by the Commission to the Manager and/or its directors, officers, presidents, employees and other staff members that participated in the violation and have or should have knowledge of the fault. In the latter, the Manager will share the responsibility of the fine imposed to said persons. The penalty may be: private admonishment, public admonishment, fine ranging between five (5%) and twenty-five (25%) of the surplus. The penalty may never have repercussions on the managed Fund(s).
Surpluses. They will be applied in accordance with the stipulations of the current AIC Fee Schedule ANAC Resolution No. 632/19 or the one(s) that amend(s) or replace(s) it/them in the future. Under no circumstances will "Surpluses" be considered if the period of time greater than what is deemed free in the Basic Ramp Service is caused by delays in the Service and/or faults and/or failures of elements that should be supplied by the Ground Handling Company.
Surpluses. All surpluses will be used to: develop capacity of existing members to deliver, support investment in new enterprises; fill gaps in delivery and further develop the consortium or delivery model, if necessary. The balance of this investment will be informed by analysis of market demand. Our model will deliver a wide range of social value. We will improve community cohesion by reintegrating offenders into mainstream life; the development of SEs will provide much needed local community services and facilities(such as a laptop loan service) and contribute to the local economy while reinvesting money generated through trading activities. Provision of integrated learning and community-based accredited learning will provide people with better life chances. Many of the charities and SEs in our consortium will provide additional services and signposting to ex-offenders and their families, for example organisations providing housing support and mental health services. Social value resulting from previously unemployed ex-offenders entering employment include additional spending in the local economy and a reduction in reoffending and child poverty. Additional value will be achieved by Building Bridges inclusion in the GM Whole Place community budget approach to reducing offending, which will deliver efficiency savings and long-term reduction in dependency. Exploring different delivery models with other agencies such as DWP, colleges, local authorities and social landlords will result in the development of alternative funding models e.g. community shareholding/ bonds. Surpluses generated from trading activity will be reinvested in the development of new trading activity and into new social enterprise (999)
Surpluses. (i) If an escrow account analysis discloses a surplus, the servicer shall, within 30 days from the date of the analysis, refund the surplus to the borrower if the surplus is great- er than or equal to 50 dollars ($50). If the surplus is less than 50 dollars ($50), the servicer may refund such amount to the borrower, or credit such amount against the next year’s escrow pay- ments.
(ii) These provisions regarding sur- pluses apply if the borrower is current at the time of the escrow account anal- ysis. A borrower is current if the servicer receives the borrower’s pay- ments within 30 days of the payment due date. If the servicer does not re- ceive the borrower’s payment within 30 days of the payment due date, then the servicer may retain the surplus in the escrow account pursuant to the terms of the federally related mortgage loan documents.
(iii) After an initial or annual escrow analysis has been performed, the servicer and the borrower may enter into a voluntary agreement for the forthcoming escrow accounting year for the borrower to deposit funds into the escrow account for that year great- er than the limits established under paragraph (c) of this section. Such an agreement shall cover only one escrow accounting year, but a new voluntary agreement may be entered into after the next escrow analysis is performed. The voluntary agreement may not alter how surpluses are to be treated when the next escrow analysis is per- formed at the end of the escrow ac- counting year covered by the voluntary agreement.
Surpluses