Restricted Duties definition

Restricted Duties means activities restricted by the 1934 Act to SEC-registered transfer agents. For avoidance of doubt, it shall not be unreasonable for the Funds to condition consent on the receipt of adequate assurances that the delegate can provide the services required, meet the applicable contractual, legal and regulatory standards and Transfer Agent will not share Fund information with other fund groups.
View Source
Restricted Duties means the following duties: providing management and strategic leadership with respect to all day-to-day operations; identifying, developing and maintaining client, vendor, supplier and distributor relations, including without limitation, through sales and marketing programs; negotiating agreements and other transactions with clients, vendors, suppliers, distributors and partners, including without limitation, purchases, rebates and subcontracting agreements; managing the sales force and management team, including without limitation, recruiting and hiring members of the executive team; developing and implementing operational infrastructure systems, processes and personnel; integrating strategic acquisitions; developing and implementing business strategies, plans and policies; profit and loss accountability; cost containment; scheduling; production management; supply chain management; and budget development. The Executive acknowledges and agrees that the foregoing duties comprise his current duties with the Company.
View Source

Examples of Restricted Duties in a sentence

  • Notwithstanding the foregoing, when utilizing affiliates to perform Restricted Duties in reliance on this Article 29.1 (in lieu of reliance on Article 4.1), BNYM may utilize only Employees of affiliates that are SEC-registered transfer agents.

  • An employee placed in the Restricted Duties Group will enter the group at the rate for the employee’s classification.

  • If no such work is available, the employee will be assigned to the Restricted Duties Group.

  • Furthermore, where the employee has been unsuccessful in the trial period in the Mailroom Operator classification, he or she shall retain their priority date (as set out below) when they return to the Restricted Duties List.

  • Those part-time employees listed below on the Restricted Duties List shall maintain a 21 hours per week guarantee and may work less than 7 hours shifts, subject to the parties concluding the limit on the number of shifts to be worked less than 7 hours per week by existing staff.

  • Should an employee be unsuccessful in the trial period in the new classification, the Parties are agreed that he or she shall not be entitled to elect to move off Restricted Duties List and to the Mailroom Operator classification in the future.

  • Should an employee listed below move from the Restricted Duties List to the new Mailroom Operator classification permanently; he or she shall retain the same priority date, as set out below, on the priority list of the Mailroom Operators.