Fund sponsors are responsible for providing that information only to
authorized participants who are the direct owners of creation units.
Not exact matches
Except for those executives
who have an employment agreement that expressly provides for payment of an Award under the Bonus Plan in limited circumstances, in the event a
participant's employment is terminated for any reason prior to the date of payment of an Award under the Bonus Plan, such
participant will not be entitled to any bonus under the Bonus Plan, provided that in the event that a
participant's employment terminates during the performance period due to (i) death or (ii) disability, the Committee may, at its sole discretion,
authorize the Company to pay, on a prorated basis, an Award determined in accordance with the terms and conditions of Bonus Plan.
When
authorized participants — the special ETF market makers
who have the ability to make and destroy ETF shares — wish to redeem their ETF shares, they can do so by trading them in to the issuer, which delivers an equivalent amount of the ETF's underlying holdings in an «in - kind» transaction.
The underlying securities that form the index actually come from folks
who are called
Authorized Participants (basically a market maker or a large institutional investor
who has access to large amounts of those securities).
Daily access to information concerning the Fund's portfolio holdings also is permitted (i) to certain personnel of those service providers that are involved in portfolio management and providing administrative, operational, risk management, or other support to portfolio management, including affiliated broker - dealers and / or
Authorized Participants, and (ii) to other personnel of the Advisor, Sub-Advisor, and other service providers, such as the Administrator, and fund accountant,
who deal directly with, or assist in, functions related to investment management, administration, custody and fund accounting, as may be necessary to conduct business in the ordinary course in a manner consistent with agreements with the Fund and / or the terms of the Fund's current registration statement.
Although all of our classes are
authorized to award CEU to anyone
who attends the class, some veterinary jurisdictions have their own requirements therefore it is the responsibility of the
participant to verify whether or not their state with accept the CE credits from one of our classes.