Board of Trustees’ Responsibilities Clause Samples
The 'Board of Trustees’ Responsibilities' clause defines the duties and obligations assigned to the board overseeing an organization or trust. Typically, this clause outlines the board’s authority to manage assets, set policies, oversee financial decisions, and ensure compliance with relevant laws and regulations. For example, trustees may be responsible for approving budgets, appointing key personnel, or safeguarding the interests of beneficiaries. The core function of this clause is to clearly delineate the scope of the board’s powers and duties, ensuring accountability and effective governance within the organization.
Board of Trustees’ Responsibilities. 5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including:
a) Validation of the sustainability of the respective Plan Design;
Board of Trustees’ Responsibilities. The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including, but not limited to:
Board of Trustees’ Responsibilities. SECTION 1: The Board of Trustees shall have the administrative management of the affairs and business of the Association. The Board of Trustees shall only act in the name of the Association when it shall be regularly convened by the President only upon fourteen (14) days notice to all the Trustees of such meeting.
SECTION 2: Fifty percent (50%) of the members of the Board of Trustees shall constitute a quorum.
SECTION 3: Meetings of the Board of Trustees shall be held in May, July, and September during the summer season when the Campground is open for regular occupancy. Additional meetings (in-season or off-season) as needed may be called by the President or Vice-President upon 14- days’ notice to the board members.
SECTION 4: Each Trustee shall have one vote and such voting may not be done by absentee ballot. Voting by proxy, however, shall be permitted. The Board of Trustees may appoint an alternate to serve in the absence of the elected Trustee.
SECTION 5: Vacancies in the Board of Trustees shall be filled by a majority vote of the remaining members of the Board of Trustees. The newly elected Trustee shall serve the remaining term of the vacancy. The vacancy shall be filled from the same street as the departing Trustee.
SECTION 6: A Trustee may be removed by the Board of Trustees for any cause deemed valid by a majority of the board of trustees, as voted upon at a regular meeting with fourteen (14) days written notice given to charged trustee. Such Trustee may be represented by Counsel upon any removal hearing. Payment of such Counsel shall be the responsibility of the Trustee being removed. The Board of Trustees shall adopt such rules as it may deem necessary in the best interest of the Association for this hearing.
SECTION 7: (a) The Board of Trustees, by a majority vote of its members present, shall have the authority to spend any amount necessary, up to $5000, to operate, manage and/or maintain or otherwise administer the sites or its common areas. The Board of Trustees shall be further authorized to spend any amount up to $10,000 for the above purposes upon the consent of 2/3 majority of the entire board of trustees. The Board of Trustees shall not be authorized to spend in excess of $10,000 except by authorization of the membership in the nature of a Referendum vote or in the event of any emergency. Emergency may be described as any condition or series of conditions, which could seriously effect normal operation, health or safety within the Campgr...
Board of Trustees’ Responsibilities. TENTATIVE SETTLEMENT BETWEEN E ; FO, OPSBA AND THE CROWN NOVEMBER 2, 2015 17h25 SUBJECT TO ERRORS AND OMISSIONS
5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including: Validation of the sustainability of the respective Plan Design; Establishing member contribution or premium requirements, and member deductibles; Identifying efficiencies that can be achieved; Adopting an Investment Policy; and Adopting a Funding Policy.
5.2.2 Under the Funding Policy, surpluses at the Trust may not be refunded or distributed in cash, but may be used, as determined by the Trust to: Fund future claims in conjunction with the fixed funding and term contained in the collective bargaining agreement; Fund claims stabilization or other reserves; Improve plan design; Expand eligibility (subject to Section 3.1.2 through to 3.1.4); and Reduce member premium share.
5.2.3 Under the Funding Policy, actual and projected funding deficiencies of the Trust will be addressed no later than the next regular plan renewal (as of September 1st) using one or more of the following methods, as determined by the Trust: Use of existing claims stabilization funds; Increased member share premium; Change plan design; Cost containment tools; Reduced plan eligibility; and Cessation of benefits, other than life insurance benefits.
5.2.4 The Trustees shall adopt policies for the appointment, review, evaluation and, if necessary, termination, of their service providers.
5.2.5 The Trust shall provide "trustee liability insurance" for all Trustees. 5.3.0
Board of Trustees’ Responsibilities. Except as provided in Subsection (6), an applicant identified in Section 53G-5-302 may enter into an agreement with a board of trustees of a higher education institution authorizing the applicant to establish and operate a charter school.
Board of Trustees’ Responsibilities. 5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including: Validation of the sustainability of the respective Plan Design; Establishing member contribution or premium requirements, and member deductibles; Identifying efficiencies that can be achieved; Adopting an Investment Policy; and Adopting a Funding Policy.
5.2.2 Under the Funding Policy, surpluses at the Trust may not be refunded or distributed in cash, but may be used, as determined by the Trust to: Fund future claims in conjunction with the fixed funding and term contained in the collective bargaining agreement; Fund claims stabilization or other reserves; Improve plan design; Expand eligibility (subject to Section 3.1.2 through to 3.1.4); and Reduce member premium share.
5.2.3 Under the Funding Policy, actual and projected funding deficiencies of the Trust will be addressed no later than the next regular plan renewal (as of September 1st) using one or more of the following methods, as determined by the Trust: Use of existing claims stabilization funds; Increased member share premium; Change plan design; Cost containment tools; Reduced plan eligibility; and Cessation of benefits, other than life insurance benefits.
Board of Trustees’ Responsibilities. TENTATIVE SETTLEMENT BETWEEN E ; FO, OPSBA AND THE CROWN NOVEMBER 2, 2015 17h25 SUBJECT TO ERRORS AND OMISSIONS
5.2.1 The Board of Trustees will be responsible for the operational and financial sustainability of the Trust, including:
a) Validation of the sustainability of the respective Plan Design;