Joint Audit Committee Sample Clauses

The Joint Audit Committee clause establishes a committee composed of representatives from both parties to oversee and review financial and compliance matters related to the agreement. Typically, this committee is responsible for coordinating audits, reviewing financial statements, and ensuring that both parties adhere to agreed-upon accounting standards and procedures. By creating a formal mechanism for joint oversight, the clause promotes transparency, facilitates the resolution of financial discrepancies, and helps prevent misunderstandings or disputes regarding financial obligations.
Joint Audit Committee. A) The Joint Audit Committee shall uphold the integrity of the classification plan by examining the rationale of Classification Joint Council recommendations to ensure they are consistent with the factors and comparative descriptions, that full and adequate information was provided, and that all information provided was fully considered. B) Appeal decisions of the Joint Audit Committee are final and binding on the incumbent and the parties to this agreement. A permanent employee shall not have an appeal right if assigned to a set of duties and responsibilities that have previously been subject to an appeal and a Joint Audit Committee decision.
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Joint Audit Committee. A Joint Audit Committee ("JAC") made up of one representative appointed by each of the Parties shall be constituted upon the effective date of this Agreement. If two or more of the Parties are commonly owned, the commonly owned Parties are entitled to one representative on the JAC. Each representative may designate another individual to act on behalf of such representative at any JAC meeting. The JAC shall elect its own officers, including a Chairperson. The JAC shall vote by majority of those present which are eligible to vote. Only those Parties which conduct their own examination activities as DSRO (rather than subcontracting such responsibilities) shall be eligible to vote. The Chairperson shall be permitted to vote (assuming such Chairperson is eligible to vote). Meetings shall be called by the Chairperson or by any three members. A quorum shall consist of a majority of those members eligible to vote. Minutes of the proceedings of the JAC shall be promptly prepared and provided to each Party. The JAC shall have the responsibility of overseeing the implementation and functioning of all terms and conditions of this Agreement and the DSRO members of the JAC shall determine the minimum practices and procedures to be followed by each DSRO in the
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Joint Audit Committee. A) The Joint Audit Committee shall uphold the integrity of the classification plan by examining the rationale of Classification Joint Council recommendations to ensure they are consistent with the factors and comparative descriptions, that full and adequate information was provided, and that all information provided was fully considered.
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Joint Audit Committee. The Joint Audit Committee shall consist of one (1) union and one (1) management representative from the Joint Maintenance Committee and, a Chair selected in rotation from an agreed-to list of Chairs. • The SGEU and the Commission shall select their own list of persons to function as their representatives to the Joint Audit Committee. • The selection of persons to act as Chair shall be in accordance with the collective agreement. • The Chair shall be brought in only where the Joint Audit Committee does not reach consensus. • The Secretary, Classification Joint Council, shall notify the Joint Audit Committee members of the date, time and place of the sitting of the Joint Audit Committee. • Prior to rendering a decision, the Joint Audit Committee shall consider: - the analyst's brief; - the appellants rationale and authorized job description, as at the effective date of the assignment; - the Classification Joint Council's report; - Comparative descriptions; - the full intent of the degree definitions within the factors; - Notes to Raters; - and any new information they may request. • The Joint Audit Committee shall have the authority to confirm the rating of Classification Joint Council, in which case it may simply state its rationale as consistent with Classification Joint Council. • In the event the Joint Audit Committee changes the Classification Joint Council rating, the Joint Audit Committee shall provide written rationale to the Secretary, Classification Joint Council, consistent with the full content, meaning and intent of the level definitions within the factor, factor definitions and Notes to Raters. • The Joint Audit Committee may only render decisions on factors adjudicated by Classification Joint Council. ▇▇▇ 98-12 MAINTENANCE OF THE CLASSIFICATION PLAN
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Related to Joint Audit Committee

  • Steering Committee The Steering Committee is responsible for evaluating Project Proposals submitted by Participants, selecting the projects to be undertaken by the Program, and determining whether the projects are appropriate for development as an American National Standard. The Steering Committee is thus charged with implementing the strategic direction given to the Program by the Director and the Participants by selecting projects consistent with those strategic goals. The Steering Committee shall make its determinations using the guidelines set forth in these Governing Documents and as otherwise may be promulgated by the Director. The Steering Committee shall also provide recommendations to the Director regarding the relative priority of different Project Proposals and provide counsel and advice to the Director on such other issues as the Director may request. The Steering Committee shall assume such further responsibilities as the Director may from time to time direct. The Steering Committee shall use reasonable efforts to perform its responsibilities under the Governing Documents, to encourage compliance with the Governing Documents by all Participants, and to promote proper use of the Program’s intellectual property rights, in accordance with, and subject to, the needs of the Program in the context of its overall mission. The Steering Committee may establish one or more subcommittees to assist it in carrying out its responsibilities. Except as provided in the Operating Procedures, a majority of the Steering Committee voting at a meeting is required to take or approve any action. A majority of the Steering Committee shall constitute a quorum for voting purposes. The Steering Committee consists of individuals appointed by the Director and the Director. There are no formal prerequisites to serve on the Steering Committee, although an effort will be made by the Director to include individuals on the Steering Committee who have technical and other expertise relevant to the Steering Committee’s responsibilities. To ensure fair representation of the varied groups that comprise the Program, seats on the Steering Committee will be divided in the following manner: Non-Profit Organizations 3 seats For-Profit Industry Partners 3 seats AAMC 1 seat Government 1 seat Health Professions Education and Training Programs 4 seats Director 1 seat If a seat cannot be appointed to an individual representing a government agency Participating Organization, that seat may be appointed to a non-profit organization or health professions education and training program. Steering Committee members may be nominated by the existing Steering Committee subject to maintaining the required allocation among the Participation Types. Final appointment is determined by the Director. Steering Committee members shall serve for a one-year term and may be re-appointed for up to three consecutive terms or until a successor from the Participation Type is identified. Steering Committee membership may resume after a minimum one-year hiatus from the last appointment. Appointment to the Steering Committee may not exceed 18 years total for the lifetime of the individual. A Steering Committee member may be removed by a two-thirds vote of the Steering Committee or by a two-thirds vote of all Participants within the Participation Type represented by the Steering Committee member. A substitute Steering Committee member may be appointed by majority vote of the Steering Committee who shall continue to serve until the next regularly scheduled appointment of that Steering Committee position. The Director appoints a Chair to preside over Steering Committee activities. The individual appointed to serve as Chair serves one year as Chair Elect, one year as Chair, and one year as Immediate Past Chair, but only to the extent such person remains on the Steering Committee. The responsibilities of the Chairs will be as follows: i. Chair Elect – Oversight of the Voting Body and its procedures ii. Chair – Oversight of Steering Committee Activities iii. Immediate Past Chair – Oversight of annual meeting Planning Committee and other community engagement activities. The Director appoints the Chair, which is reviewed by the Steering Committee and approved by the Voting Body. The Steering Committee, at its option, may appoint a Secretary and such other roles as the Steering Committee deems necessary to carry out the purposes of the Program. Those that hold these roles may be removed and successors appointed by majority vote of the Steering Committee.

  • Operating Committee Except for situations in which the approval of the‌ Participants is required by this Agreement or by non-waivable provisions of applicable law, the Company shall be managed by the Operating Committee, which shall have general charge and supervision of the business of the Company and shall be constituted as provided in Section 4.2. The Operating Committee: (a) acting collectively in accordance with this Agreement, shall be the sole “manager” of the Company within the meaning of § 18-101(10) of the Delaware Act (and no individual member of the Operating Committee shall (i) be a “manager” of the Company within the meaning of Section 18-101(10) of the Delaware Act or (ii) have any right, power or authority to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures on behalf of the Company); (b) shall have the right, power and authority to exercise all of the powers of the Company except as otherwise provided by applicable law or this Agreement; and (c) except as otherwise expressly provided herein, shall make all decisions and authorize or otherwise approve all actions taken or to be taken by the Company. Decisions or actions relating to the Company that are made or approved by the Operating Committee, or by any Subcommittee within the scope of authority granted to such Subcommittee in accordance with this Agreement (or, with respect to matters requiring a vote, approval, consent or other action of the Participants hereunder or pursuant to non-waivable provisions of applicable law, by the Participants) in accordance with this Agreement shall constitute decisions or actions by the Company and shall be binding on the Company and each Participant. Except to the extent otherwise expressly provided to the contrary in this Agreement, no Participant shall have authority to act for, or to assume any obligation or responsibility on behalf of, the Company, without the prior approval of the Operating Committee, and each Participant shall indemnify and hold harmless the Company and each other Participant for any breach of the provisions of this sentence by such breaching Participant. Without limiting the generality of the foregoing, except as otherwise expressly provided in this Agreement, the Operating Committee shall make all policy decisions on behalf of the Company in furtherance of the functions and objectives of the Company under the Exchange Act, any rules thereunder, including SEC Rule 613, and under this Agreement. Notwithstanding anything to the contrary, the Operating Committee may delegate all or part of its administrative functions under this Agreement, but not its policy making (except to the extent determinations are delegated as specifically set forth in this Agreement) authority, to one or more Subcommittees, and any other Person. A Person to which administrative functions are so delegated shall perform the same as agent for the Company, in the name of the Company. Each Person who performs administrative functions on behalf of the Company (including the Plan Processor) shall be required to: (i) agree to be bound by the confidentiality obligations in Section 9.6(a) as a “Receiving Party”; and (ii) agree that any nonpublic business information pertaining to any Participant or any Affiliate of such Participant that becomes known to such Person shall be held in confidence and not shared with the other Participants or any other Person, except for information that may be shared in connection with joint activities permitted under this Agreement.

  • Advisory Committee The Settling State shall designate an Opioid Settlement Remediation Advisory Committee (the “Advisory Committee”) to provide input and recommendations regarding remediation spending from that Settling State’s Abatement Accounts Fund. A Settling State may elect to use an existing advisory committee or similar entity (created outside of a State-Subdivision Agreement or Allocation Statute); provided, however, the Advisory Committee or similar entity shall meet the following requirements: (i) Written guidelines that establish the formation and composition of the Advisory Committee, terms of service for members, contingency for removal or resignation of members, a schedule of meetings, and any other administrative details; (ii) Composition that includes at least an equal number of local representatives as state representatives; (iii) A process for receiving input from Subdivisions and other communities regarding how the opioid crisis is affecting their communities, their abatement needs, and proposals for abatement strategies and responses; and (iv) A process by which Advisory Committee recommendations for expenditures for Opioid Remediation will be made to and considered by the appropriate state agencies.