Program Management Agreement definition
Examples of Program Management Agreement in a sentence
The basic roles and general responsibilities of team members are set forth in general terms below but are more fully set forth in the Design Professional Contract with respect to the Design Professional, in the Program Management Agreement with any Program Manager, and in this Contract with respect to the Contractor.
Upon the expiration or termination of the Program Management Agreement, Accounts may be transferred to a successor program manager.
The initial term of the Program Management Agreement ends in July 2024.
If the term of the Program Management Agreement expires, or the Program Management Agreement is terminated under other circumstances, the Program Manager may continue to provide services under the Program Management Agreement with respect to Accounts in existence as of the last day of the term.
The Program Management Agreement is subject to a three-year extension if the Program Manager meets certain performance standards.
The Treasurer has the right to terminate the Program Management Agreement earlier under certain circumstances, including the material breach of the Program Management Agreement.
In either case, the fee or compensation structure may be higher than the fee originally paid under the Program Management Agreement and, in the case of a successor program manager, such program manager may recommend different investments for the portfolios or achieve performance results that are different than those achieved by the Program Manager.
PDA executes a Program Management Agreement (PMA) with the Board of Commissioners in each of the Commonwealth’s 67 counties for the administration of TEFAP Entitlement at the county level (see Attachment “A”).
Further, in accordance with federal regulatory provisions at 7 CFR §§ 250.12 (a) through 250.12 (f) and 7 CFR § 250.14 (a) and (b) quoted directly above, the COUNTY consents to inspection and inventory by the “distributing agency, subdistributing agency, recipient agency, the Comptroller General, PDA or any of their duly authorized representatives” for purposes of monitoring compliance with the Program Management Agreement and applicable Federal regulations.
MFD is authorized under the Program Management Agreement to distribute trust interests (the “Interests”) in the MFS 529 Plan.