200% of Contributions Sample Clauses

200% of Contributions. In addition and notwithstanding this or any other rule set forth in the Plan, an Employee who receives Benefits that exceed two times the total amount of Contributions (excluding any Contributions to HCRA Plan B) paid for his work shall not be eligible to receive additional Benefits, except as provided by the Trustees. (1) Unless otherwise provided by the Trustees, the rule in this Section 6(b) shall not prevent payment of Benefits in the following circumstances. (A) An Employee shall not lose eligibility unless he or she has exhausted at least one cycle of eligibility, but must re-establish or recycle eligibility to continue to receive Benefits. (B) An Employee who has received less than $20,000.00 in previous Benefits shall not lose eligibility under this subsection (b). (C) An Employee with an outstanding Welfare Benefit balance of less than 380 multiplied by his Average Hourly Wage will remain eligible for Welfare Benefits only up to 380 hours, provided that the Employee has received less than $50,000.00 in Benefits. (2) Notwithstanding the rule in this subsection (b), that Benefits may be paid up to 200% of Contributions, in those cases where the Participant has already received Benefits equal to or in excess of $100,000, additional Benefits will only be paid up to 100% of Contributions. For example, o if a participant had $70,000 in Contributions then he or she would not be eligible for benefits after a payment resulting in at least $100,000 in benefits (2x Contributions would be $140,000 but this individual is capped at $100,000), and o if a participant had $140,000 in Contributions then he or she would not be eligible for benefits after a payment resulting in at least $140,000 in benefits.
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200% of Contributions. In addition, and notwithstanding this or any other rule set forth in the Plan, an Employee who receives Benefits that exceed two times the total amount of Contributions (excluding any Contributions to HCRA Plan B) paid for his work shall not be eligible to receive additional Benefits, except as provided below or by the Trustees. (1) Unless otherwise provided by the Trustees, the rule in this Section 6(b) shall not prevent payment of Benefits to an Employee who has received less than $20,000 in previous Benefits. (2) Notwithstanding the rule in this subsection (b) that Benefits may be paid up to 200% of Contributions, in those cases where the Participant has already received Benefits equal to or in excess of $125,000, additional Benefits will only be paid up to 100% of Contributions. For example, o if a participant had $90,000 in Contributions then he or she would not be eligible for benefits after a payment resulting in at least $125,000 in benefits (2x Contributions would be $180,000 but this individual is capped at $125,000), and o if a participant had $140,000 in Contributions then he or she would not be eligible for benefits after a payment resulting in at least $140,000 (100% of contributions) in benefits.

Related to 200% of Contributions

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Payment of Contributions The University and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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