FDAC definition
Examples of FDAC in a sentence
NCFPD agrees to pay $2.20 (or current cost) on behalf of all eligible EMPLOYEES for the purchase of a $10,000 life insurance policy as required by FDAC for plan participation.
Faculty members on the PLC, CGC, FDAC, DDLC, IPFDC, FDIC, IIC and DFSGC will be named by the AFT.
FDAC EBA has continued to provide this employment benefits program up to the effective date of this Agreement.
FDAC EBA was originally formed on July 1, 2005, pursuant to the provisions of Government Code Section 6500 et seq.
Accordingly, as of the effective date of this Agreement, the membership of FRMS shall consist of the members of FASIS, as well as the members of FDAC EBA that have approved this Agreement.
In the event of such assignment, the Board shall appoint a committee made up of representatives of Members that were Members of FDAC EBA prior to the effective date to make recommendations to the Board regarding the administration of FDAC EBA’s obligations.
This Agreement shall become effective as to existing Members of FDAC EBA on the later of July1, 2023 or the date on which two-thirds of its members have executed this Agreement.
The Bylaws of the FDAC Employment Benefits Authority, a copy of which is attached hereto and marked Exhibit A, are hereby incorporated into this Agreement and made a part hereof.
The FDAC Employment Benefits Authority may be terminated at any time upon the Agreement of two-thirds of the then participating member Agencies, provided, however, that the Authority shall continue to exist for the purpose of disposing of all claims, distribution of all assets, and all other functions necessary to wind up the affairs of the Authority.
The FDAC Employment Benefits Authority shall operate and conduct its business and affairs pursuant to the terms of this Agreement and said Bylaws.