ERRT definition
Examples of ERRT in a sentence
The ERRT will meet at least once prior to February 1 to consider proposals for the following school year.
When the district or the Association proposes that a position be modified, added to or removed from the Extended Responsibility Classification Chart, proposals will follow the process established by the Extended Responsibility Review Team (ERRT).
In connection with the ERRT Assets, any attorney-client privilege, work-product privilege, joint interest privilege or other privilege or immunity attaching to any documents or communications (in any form, including, without limitation, written, electronic or oral) of the Debtors shall be transferred and shall vest in the ERRT.
Each of the Debtors, the ERRT Trustee and the Liquidating Trust is sometimes referred to individually as a "Party" and collectively as the "Parties." Capitalized terms used in this Agreement and not otherwise defined shall have the meanings assigned to such terms in the Plan.
In connection with the foregoing, for U.S. federal income tax purposes, it is intended that the ERRT be treated as a separate taxable entity, on whose behalf the ERRT Trustee will file tax returns and pay taxes.
In the event that a request is denied, the requesting individual(s) will be provided a rationale at the time of denial and the opportunity to re-apply at the next convening of the ERRT.
Any successor ERRT Trustee shall be appointed by the Liquidating Trust Oversight Committee (with the consent of the United States not to be unreasonably withheld).
The approved budget shall be funded by proceeds set aside and otherwise made available to the ERRT as provided in the Plan.
The ERRT Trustee shall have the discretion to reject, in whole or in part, any Invoice which in the reasonable opinion of the ERRT Trustee does not satisfy the conditions set forth in this Section 3.03, or has been submitted with insufficient supporting documentation for the ERRT Trustee to approve such Invoice, or reflects amounts the PRP or NRD Trustee has not yet paid, or includes Excluded Costs.
The ERRT Trustee shall have the authority to bind the ERRT, and any successor ERRT Trustee, or successor or assign of the ERRT, but shall for all purposes hereunder be acting in its representative capacity as ERRT Trustee and not individually.