TECHNICAL AND RESEARCH PROGRAM - PURSUANT TO THE FUND AND SHEET METAL AND AIR CONDITIONING CONTRACTORS' (SMACNA) AGREEMENT, THESE PROGRAMS THAT ARE CONSISTENT WITH THE PURPOSE OF THE FUND ARE DEVELOPED AND EXECUTED BY SMACNA. THE FUND'S TRUSTEES APPROVE THE PROGRAMS AND BUDGETS AND REIMBURSE SMACNA UP TO 100% OF THE COST OF SUCH PROGRAMS.
