ACCUMULATED CONTRIBUTIONS Sample Clauses

ACCUMULATED CONTRIBUTIONS. The term “Accumulated Contributions” shall mean the aggregate of (a) a Member’s contributions, if any, under the Prior Plan, with interest thereon as credited in accordance with the Prior Plan for years prior to the Effective Date, and compounded annually at the rate of interest determined below for Plan Years commencing on or after the Effective Date, plus (b) a Member’s contributions made pursuant to Section 9.01 after the Effective Date with interest at the annual rate set forth above, compounded annually from the last day of the Plan Year during which such contributions were made. Interest shall cease to be credited on Accumulated Contributions as of the date on which payment of Retirement Benefits shall commence or the date on which such Accumulated Contributions shall be otherwise payable under the Plan, if earlier. For purposes of this Section 1.04 the rate of interest shall be determined by the Committee, and shall be equal to the average rate of interest which is earned on the assets of the Plan for the Plan Year which contains the date of determination. In the case of a Member who terminates during the Plan Year, such interest rate shall be estimated based on the average annualized rate for the period from the first day of the Plan Year through the date of termination, minus two percent (2%). [This paragraph is effective for all dates before and including September 30, 1991.] Employee Contributions shall accumulate at a rate of return, credited once annually as of the last day of the Plan Year, equal to the annualized monthly returns from an index of three-month U.S. Treasury Bills for the twelve-month period then ended. The rate shall be applied to the average balance in the Member’s account during the preceding twelve-month period. In the case of a Member who terminates employment during the Plan Year, the account shall be credited based on the percentage used for the immediate Prior Year reduced by two percent (2%) and pro rated prorated based on the number of days employed since the beginning of the then current Plan
Sample 1
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ACCUMULATED CONTRIBUTIONS. (b1) The accumulated funds (value at cost), invested for the EISCAT Tromsö, Kiruna and Sodankylä sites and Headquarters by the six EISCAT Associates are as presented in the accounts as of 31 December 1992: Capital investment: 121 231 641.40 SEK In kind: 25 123 200.00 SEK Total funds invested: 146 354 841.49 SEK Depreciation: 85 796 568.75 SEK Net book value of capital investment and in kind contribution: 60 558 272.74 SEK (b2) Accumulated contributions for recurrent operations: Centre National de la Recherche Scientifique 48 516 300.00 SEK Max-Xxxxxx-Gesellschaft 48,516 300.00 SEK Naturvetenskapliga forskningsrådet 19 407 100.00 SEK Norges forskningsråd 19 407 100.00 SEK Particle Physics and Astronomy Research Council 1) 48 516 300.00 SEK Suomen Akatemia 9 703 100.00 SEK Total accumulated contributions for recurrent operation: 196 335 000.00 SEK 1) The Science and Engineering Research Council of the United Kingdom of Great Britain and Northern Ireland has been replaced by the Particle Physics and Astronomy Research Council since 1 April 1994 APPENDIX‌ Facilities at Longyearbyen The EISCAT Svalbard Radar (ESR)
Sample 1

Related to ACCUMULATED 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.

  • User Contributions The Website may contain message boards, chat rooms, personal web pages or profiles, forums, bulletin boards, and other interactive features (collectively, "Interactive Services") that allow users to post, submit, publish, display, or transmit to other users or other persons (hereinafter, "post") content or materials (collectively, "User Contributions") on or through the Website. All User Contributions must comply with these Terms of Use. Any User Contribution you post to the site will be considered non-confidential and non- proprietary. By providing any User Contribution on the Website, you grant us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, and otherwise disclose to third parties any such material. You represent and warrant that: • You own or control all rights in and to the User Contributions and have the right to grant the license granted above to us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns. • All of your User Contributions do and will comply with these Terms of Use. You understand and acknowledge that you are responsible for any User Contributions you submit or contribute, and you, not the Company, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content or accuracy of any User Contributions posted by you or any other user of the Website.

  • 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.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Member Contributions With respect to benefits accrued under the Retirement System on or after January 1, 2021, members shall be required to make the following rates of member contributions to the Retirement System:

  • In-Kind Contributions For clarity, In-Kind contributions will only be recognized as eligible when the costs incurred by the Applicant are incidental to its ordinary course of business, directly attributable to the Project and easily auditable.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

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