Administration of the Scheme Sample Clauses

The 'Administration of the Scheme' clause defines how a particular scheme or program will be managed and overseen. It typically outlines the roles and responsibilities of the parties or administrators involved, details the procedures for making decisions, and may specify reporting or compliance requirements. For example, it might state who is authorized to make changes to the scheme or how disputes regarding its operation are to be handled. The core function of this clause is to ensure the scheme operates smoothly and transparently by clearly assigning administrative duties and establishing governance processes.
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Administration of the Scheme. The Plan will be administered by the Remuneration Committee. The Remuneration Committee has full authority, consistent with the Plan, to administer the Plan, including authority to interpret and construe any provision of the Plan and to adopt any regulations for administering the Plan and any documents it thinks necessary or appropriate. The Remuneration Committee’s decision on any matter concerning the Plan will be final and binding.
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Administration of the Scheme. 4.1 The Bereavement Services Manager will administer the scheme on behalf of the Council.
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Administration of the Scheme. The University scheme is administered by the Registrar‟s Office, with specialist staff in Student Services who currently administer the University‟s hardship and scholarship funds working in partnership with the Finance Office. We see this process commencing on initial contact with potential students. Our Student Recruitment Team gives advice on the funding regime and our Bursary Scheme at this stage. The Scheme is set out clearly both in a published marketing material and on the web. Normally the first payment will be released after proof of registration and engagement by the student. The latter will be verified by our Faculty Student Attainment and Review (StAR) Boards in the first month of the student‟s course. Clearly the administration of this scheme will incur a costs estimated to be some £115,000 in addition to the cost of joining the Student Loan Company arrangement. These will also be set against the additional income. As stated above the scheme for Osteopathy students is administered directly by the BSO.
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Administration of the Scheme. The Plan will be administered by the Board. The Board has full authority, consistent with the Rules, to administer the Plan, including authority to interpret and construe any provision of the Plan and to adopt any regulations for administering the Plan and any documents it thinks necessary or appropriate. The Board’s decision on any matter concerning the Plan will be final and binding.
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Administration of the Scheme. The Management Company shall administer the Scheme in accordance with the Rules, the Regulations, the Deed and this Offering Document and the conditions (if any), which may be imposed by the Commission from time to time.
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Administration of the Scheme. 6.1 Diabetes Australia may enter into subcontracting or agency arrangements in order to administer the Scheme. A standard form of agreement must be used between Diabetes Australia and Agents it appoints for this purpose. The Commonwealth may agree to the form of this agreement. For the avoidance of doubt, any agreement by the Commonwealth to the form of the agreement does not constitute an approval of the content and Diabetes Australia retains the sole responsibility for ensuring compliance with the requirements of this Agreement. 6.2 The Department agrees that Diabetes Australia has a transition period of 120 days from the date of execution of this Agreement, in which to implement its subcontracting arrangements. At the end of that period all Agents must be fully operational consistent with the terms of this Agreement. 6.3 Should Diabetes Australia implement subcontracting arrangements during the Scheme Period, a transition period of 120 days will also apply. This period will commence on the date the Agent signs the agreement consenting to supply the Services. At the end of that period the Agent must be fully operational consistent with the terms of this Agreement. 6.4 Nothing in this Agreement prevents Diabetes Australia from performing, in its own right, all the requirements of the Scheme. 6.5 Where a Sub-agent ceases, for whatever reason to be a Sub-agent, that organisation or a Related Body Corporate, Related Party or Related Entity (as those terms are defined in the Corporations Act 2001), cannot become a Sub-agent within 12 months of the termination of the Sub-agency Agreement unless Diabetes Australia agrees in writing. Where Diabetes Australia agrees it must notify the Department of its decision and the reasons for that decision. 6.6 Diabetes Australia must maintain an adequate quality assurance in respect to the financial and services operations of the Scheme. 6.7 Diabetes Australia is hereby appointed for the duration of this Agreement to act as agent for the Commonwealth only for the purchase of Products in accordance with this Agreement. 6.8 Except to the extent expressly provided in clause 6.7, Diabetes Australia or any officer, employee or agent of Diabetes Australia shall not be or shall not be taken for any purpose to be the agent of the Commonwealth or to have any power to bind or represent the Commonwealth. 6.9 Except to the extent that to do so would be contrary to law or would render any provision of this Agreement void, voidable or un...
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Administration of the Scheme. 3.1. A post may be shared by two members of staff on a split day or split week basis, normally giving each member of staff an approximate 50% of the hours and duties of the post. 3.2. Sharing arrangements outwith this normal split may be permitted subject to such arrangements being without detriment to the fulfilling of the duties of the post, and by mutual agreement by the sharers and to 3.3 and 3.4 below. 3.3. All sharing arrangements will be subject to: 3.3.1. The approval of the appropriate QIO or equivalent Manager, and 3.3.2. The availability of a suitable and appropriately qualified partner 3.4. It will be the responsibility of the Head Teacher or appropriate manager to ensure that an acceptable agreement has been reached between the sharers on the hours to be worked (including overlap) and the division of tasks to be undertaken to meet the full-time requirements of the post before the request is submitted to filling of a post by two job-sharers. 3.5. Arrangements regarding handovers or overlaps should be discussed and agreed between job-sharers in consultation with the Head Teacher or appropriate manager. 3.6. The mutually agreed division of hours/days will be incorporated into each sharer’s contract of employment but may subsequently be amended by mutual agreement subject to 3.3 and 3.4 above. 3.7. When one job-sharer terminates his/her contract and it has been agreed that there is a continuous requirement for the remaining part of the post to be filled, this will be offered to the remaining sharer on a temporary or permanent basis. If this offer is declined the job-share vacancy will be filled in terms of 3.8 below. 3.8. A vacancy occurring in a post which has been operating on a job-sharing basis will be filled in accordance with the normal procedures for filling posts at that level. 3.9. In the event that a suitable replacement cannot be found for a full-time job-share vacancy within 3 months or where the post is not to be filled, the remaining job- sharer will be converted to a permanent part-time employee.
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Related to Administration of the Scheme

  • Administration of the Bank a. The Committee maintains records of employees participating, receives requests, verifies validity, approves, and communicates actions to members and to the District. b. Decisions will be final and made in writing to the applicant within ten (10) working days of the application to the Committee. c. All requests and actions by the Committee will be confidential. d. The District will keep records and notify the Committee monthly of new members and days remaining in the Bank. e. If the Catastrophic Leave Program is discontinued, the Committee will continue to administer Catastrophic Leave days until the days in the Bank are exhausted. f. In order to protect someone from being charged an extra day when not necessary, the Committee shall set the maximum number of days in the bank after the first year of experience. If the number of days accumulated exceeds the maximum number of days, no contributions will be assessed except for new members wishing to join the bank.

  • Administration of the Plan The Administrator of the Plan will be the Board of Directors, except to the extent the Board of Directors delegates its authority to the Committee, in which case the Committee shall be the Administrator. Subject to the provisions of the Plan, the Administrator is authorized to: (a) Interpret the provisions of the Plan and all Stock Rights and to make all rules and determinations which it deems necessary or advisable for the administration of the Plan; (b) Determine which Employees, directors and Consultants shall be granted Stock Rights; (c) Determine the number of Shares for which a Stock Right or Stock Rights shall be granted; provided, however, that in no event shall the aggregate grant date fair value (determined in accordance with ASC 718) of Stock Rights to be granted and any other cash compensation paid to any non-employee director in any calendar year, exceed $750,000, increased to $1,000,000 in the year in which such non-employee director initially joins the Board of Directors. (d) Specify the terms and conditions upon which a Stock Right or Stock Rights may be granted provided that no dividends or dividend equivalents shall be paid on any Stock Right prior to the vesting of the underlying Shares. (e) Amend any term or condition of any outstanding Stock Right, provided that (i) such term or condition as amended is not prohibited by the Plan and (ii) any such amendment shall not impair the rights of a Participant under any Stock Right previously granted without such Participant’s consent or in the event of death of the Participant the Participant’s Survivors. (f) Determine and make any adjustments in the Performance Goals included in any Performance-Based Awards; and (g) Adopt any sub-plans applicable to residents of any specified jurisdiction as it deems necessary or appropriate in order to comply with or take advantage of any tax or other laws applicable to the Company, any Affiliate or to Participants or to otherwise facilitate the administration of the Plan, which sub-plans may include additional restrictions or conditions applicable to Stock Rights or Shares issuable pursuant to a Stock Right; Subject to the foregoing, the interpretation and construction by the Administrator of any provisions of the Plan or of any Stock Right granted under it shall be final, unless otherwise determined by the Board of Directors, if the Administrator is the Committee. In addition, if the Administrator is the Committee, the Board of Directors may take any action under the Plan that would otherwise be the responsibility of the Committee. To the extent permitted under applicable law, the Board of Directors or the Committee may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any portion of its responsibilities and powers to any other person selected by it. The Board of Directors or the Committee may revoke any such allocation or delegation at any time. Notwithstanding the foregoing, only the Board of Directors or the Committee shall be authorized to grant a Stock Right to any director of the Company or to any “officer” of the Company as defined by Rule 16a-1 under the Exchange Act.

  • Administration of the Agreement The Agreement shall be administered by the Board of Directors of the Company or its delegate (the “Administrator”). Subject to the provisions of the Agreement, the Administrator shall have full and final authority in its discretion to take any action with respect to the Agreement including, without limitation, the authority to (i) determine all matters relating to the payments; (ii) establish, amend and rescind rules and regulations for the administration of the Agreement; and (iii) construe and interpret the Agreement, to interpret rules and regulations for administering the Agreement and to make all other determinations deemed necessary or advisable for administering the Agreement. Except to the extent otherwise required under Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), the Administrator shall have the authority, in its sole discretion, to accelerate the date that any Consultation Payments or Separation Payments which were not otherwise vested or earned shall become vested or earned in whole or in part without any obligation to accelerate such date with respect to any other employee. The Administrator also may in its sole discretion determine that Executive’s rights or payments under the Agreement shall be subject to reduction, cancellation, forfeiture or recoupment due to conduct by Executive that is determined by the Administrator to be detrimental to the business or reputation of the Company, including, without limitation, upon termination of employment for cause; violation of policies of the Company; or breach of non-solicitation, noncompetition, confidentiality or other restrictive covenants that apply to the Executive. In addition to action by meeting in accordance with applicable laws, any action of the Administrator with respect to the Agreement may be taken by a written instrument signed by the Administrator (including, where the Board or a committee serves as the Administrator, by written consent signed by all of the members of the Board, or all of the members of a committee, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called). No individual shall be liable while acting as Administrator for any action or determination made in good faith with respect to the Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Company’s certificate of incorporation and bylaws and/or under applicable law.

  • ADMINISTRATION OF THE CONTRACT 2.2.1 The Architect will provide administration of the Contract as hereinafter described. 2.2.2 The Architect will be the State's representative during construction and until final payment is due. The Architect will advise and consult with the State. The State's instructions to the Contractor shall be forwarded through the Architect. The Architect will have authority to act on behalf of the State only to the extent provided in the Contract Documents, unless otherwise modified by written instrument in accordance with Subparagraph 2.2.10. 2.2.3 The Architect will visit the site at intervals appropriate to the stage of construction to familiarize himself or herself generally with the progress and quality of the Work and to determine in general if the Work is proceeding in accordance with the Contract Documents. However, the Architect will not be required to make exhaustive or continuous on-site inspections to check the quality or quantity of the Work. On the basis of his or her on-site observations as an architect, he or she will keep the State informed of the progress of the Work, and will endeavor to guard the State against defects and deficiencies in the Work of the Contractor. 2.2.4 The Architect will not be responsible for and will not have control or charge of construction means, methods, techniques, sequences or procedures, or for safety precautions and programs in connection with the Work, and he or she will not be responsible for the Contractor's failure to carry out the Work in accordance with the Contract Documents. The Architect will not be responsible for or have control or charge over the acts or omissions of the Contractor, 2.2.5 The Architect shall at all times have access to the Work wherever it is in preparation and progress. The Contractor shall provide facilities for such access so the Architect may perform his or her functions under the Contract Documents.

  • Administration of the Trust (a) The Trustee shall administer the Trust Property for the benefit of the Unitholders. In engaging in such activities, the Trustee shall follow or cause to be followed collection procedures in accordance with the terms of the Trust Agreement, the Underlying Securities, the Swap Agreement, the indemnification offered by the Depositor pursuant to Section 10.05(b) and the Guarantee. The duties of the Trustee shall be performed in accordance with applicable local, State and Federal law. (b) Subject to Article X, the Trustee is hereby authorized to perform, and from time to time hereafter, shall perform only those acts which are described in the Trust Agreement as obligations of the Trustee. Notwithstanding the generality of the foregoing, the Trustee is hereby specifically authorized to do the following on behalf of the Trust: to issue the Certificates evidencing Units; to execute and deliver and perform its obligations and exercise its rights under the Swap Agreement; to establish and maintain the Unit Account hereunder; to accept delivery of the Underlying Securities and the Swap Agreement; to pledge the assets of the Trust (including the Underlying Securities) to secure the obligations of the Trust including obligations under the Swap Agreement; to sell the Underlying Securities through the Selling Agent in accordance with Section 9.05; to make Permitted Investments pursuant to Section 3.06; to liquidate the Trust pursuant to Article IX and to make distributions pursuant to Article IV. (c) Notwithstanding anything to the contrary herein, the Trust shall not engage in any business or activities other than receiving the Underlying Securities and any Credit Support or other Trust Property and entering into the Swap Agreement as provided herein, holding the Underlying Securities, the Swap Agreement and any Credit Support (or other Trust Property), issuing Certificates evidencing Units, making Permitted Investments in accordance with Section 3.06 and performing its obligations hereunder and under the Swap Agreement; provided, however, that during its existence the Trust shall not engage in any business or activity which will cause it to be or become an open-end investment company, unit investment trust or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act, or to be or become a closed-end investment company required to be registered, but not registered, under the Investment Company Act. (d) The Trustee shall not sell, assign, pledge or otherwise transfer the Underlying Securities, the Swap Agreement, any Credit Support or other Trust Property, or any interest of the Trust therein, to any Person or Persons, except to a successor trustee as provided in Section 10.07, through the Selling Agent in accordance with Section 9.05, in accordance with Section 10.02(a)(x), as required under any Swap Agreement or as otherwise expressly permitted hereunder. This section shall not be construed to prohibit transfers of the Units. (e) The Trustee shall have the legal power to exercise all of the rights, powers and privileges of holders of the Underlying Securities in which the Units evidence an interest; provided, however, that the exercise of such powers shall be subject to the provisions of this Section 3.02, Article X and the other provisions hereof. However, neither the Trustee (except as specifically provided herein or in the TIA) nor the Depositor shall be under any obligation whatsoever to appear in, prosecute or defend any action, suit or other proceeding in respect of Underlying Securities or Units. (f) Except for actions expressly authorized by the Trust Agreement, the Trustee shall not take actions reasonably likely to (nor fail to take actions, if such failure would be reasonably likely to) (i) impair the interests of the Trust in any Underlying Security, any Credit Support, the Swap Agreement or the Guarantee (or any other Trust Property); (ii) impair the value of any Underlying Security, any Credit Support, the Swap Agreement or the Guarantee (or any other Trust Property); or (iii) alter the classification of a Trust for U.S. federal income tax purposes. (g) Except as expressly provided in the Trust Agreement, the Trustee shall have no power to vary the corpus of the Trust Property including by (i) accepting any substitute obligation or asset for a Underlying Security or any Credit Support, (ii) entering into any amendment or modification of the Swap Agreement or the Underlying Securities, (iii) accepting any substitute guarantee for the Guarantee, (iv) adding any other investment, obligation or security to the Trust Property, (v) withdrawing from the Trust Property any Underlying Securities or Credit Support, (vi) terminating the Swap Agreement except in accordance with its terms or (vii) rejecting or otherwise failing to accept the continuing benefits of the Guarantee.