Purpose of Endowment Sample Clauses

Purpose of Endowment. Wendy's shall initially endow the Standards Committee in an amount of not less than one hundred and fifty thousand dollars (US $150,000) which amount shall be placed in a trust account at a federally insured bank in Columbus, Ohio with a minimum of one hundred million dollars in assets (the "Endowment Fund") and the interest accrued thereon paid to Wendy's annually or, at Wendy's sole option, added to the
Sample 1
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Purpose of Endowment. At the direction of {academic authority or program manager}, in consultation with the Director of Financial Aid or designee (if student financial assistance) the Endowment’s payout shall be utilized exclusively for the following purposes as the ____________ Scholarship/Award (if student financial assistance): {Intention of Donor or Transfer Authority} [Note: The purpose provision must be approved by Foundation and if applicable, by the Financial Aid Office for student financial assistance endowments. The Planned Giving & Endowments Office within University Advancement will prepare Requirements for Administration (RFA) document which will supplement the Endowment Agreement].
Sample 1

Related to Purpose of Endowment

  • Purpose of Agreement 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Union, to set forth certain terms and conditions of employment relating to pay, hours of work, employee benefits, and general working conditions affecting employees covered by this Agreement and to ensure that all reasonable measures are provided for the safety and occupational health of the employees.

  • Purpose of Trust The purpose of the Trust is to conduct, operate and carry on the business of a management investment company registered under the 1940 Act through one or more Series investing primarily in securities.

  • Purpose of Company The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act and to engage in any and all activities necessary or incidental thereto.

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of Plan The Board of each Participating Fund maintains this Deferred Compensation Plan for Independent Directors and Trustees. The purpose of the Plan is to allow the independent directors and trustees of the Participating Funds to defer receipt of all or a portion of the compensation they earn for their service to the Participating Funds in lieu of receiving current payments of such compensation, and to treat any deferred amount as though an equivalent dollar amount had been invested in shares of one or more Eligible Funds. Each Board intends that the Plan shall be maintained at all times on an unfunded basis for federal income tax purposes under the Code. The Plan is not covered by the Employee Retirement Income Security Act of 1974, as amended.

  • Purpose; Incorporation by Reference of Auction Procedures and Settlement Procedures (a) On each Auction Date, the provisions of the Auction Procedures will be followed by the Auction Agent for the purpose of determining the Applicable Rate for the of APS, for the next Dividend Period therefor. Each periodic operation of such procedures is hereinafter referred to as an "Auction."

  • Formation Term Purpose and Powers Section 2.01.

  • Purpose and Scope (a) The purpose of these standard contractual clauses is to ensure compliance with the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation)1 for the transfer of personal data to a third country.

  • Purpose of the Company The purpose of the Company shall be to engage or participate in any lawful business activities in which a limited liability company formed in the State of Delaware may engage or participate.

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