Not exact matches
The
board, noting this underperformance as well as the company's
increased production a
reserve replacement, granted Mr. Nichols a $ 2.1 million bonus.
In the 2009 proxy filing, the
board stated the
increase «was appropriate based on the long - term value created by the addition of significant production and
reserve potential in emerging natural gas plays.»
At the same time, a state aid
increase and use of
reserve funds helped the vast majority of school
boards stay within the property tax cap.
These additional adjustments include funds to restore the Self - Insurance Fund to the 2016 level ($ 8 million) and
increase the financial
reserve to the
Board - required 3 % ($ 5.2 million).
The FHA
increased insurance requirements to rebuild its capital
reserves, and it imposed new guidelines to reduce risk across the
board.
Members of the
Board of Directors are elected by their local associations and are responsible for amending the association's bylaws, electing officers, approving expenditures from general
reserves that exceed 10 % of the annual budget, approving the association's strategic plan, approving an
increase in membership dues, and defining regional boundaries.