Annuity Contribution Sample Clauses

Annuity Contribution. During the Executive's employment hereunder, the Subsidiaries will contribute premiums toward the annuity plan of the Executive's choice, with an aggregate maximum contribution by the Subsidiaries of $25,000 per year.
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Annuity Contribution. Effective June 5, 2017, the Annuity contribution shall be $11.90 per hour for all hours worked for all Journeymen and the same amount for all other employees below the maximum rate. This amount may be changed during the life of this Agreement through the application of monies resulting from the annual increases as provided in Article X. Effective June 5, 2017, the Apprenticeship contribution shall be $.85 per hour for all hours worked for each employee. This contribution is part of the negotiated wage and benefit package, and as such may be increased through the application of monies resulting from annual increases as provided in Article X, decreased if so determined by the Electrical Joint Arbitration Board and/or reallocated if not needed for the Apprenticeship program.
Sample 1Sample 2
Annuity Contribution. The Board will contribute the sum of twelve thousand dollars ($12,000) annually into an annuity plan. The annuity plan will be selected by Xx. Xxxxxxxxx subject to reasonable approval by the Board.
Sample 1
Annuity Contribution. Straight Time Time and ½ Double Time Effective Sept 5, 2016 $5.19 $7.79 $10.38 Effective Sept 5, 2017 $5.33 $8.00 $10.66 Effective Sept 3, 2018 $5.47 $8.21 $10.94 Effective Sept 2, 2019 $5.61 $8.42 $11.22 Whenever an increase in wages is granted ten percent (10%) of the increase shall be added to this fund. Decimals shall be rounded to the next higher cent.
Sample 1
Annuity Contribution. The Superintendent may request the District make a monthly contribution for the Superintendent to an annuity identified by the Superintendent. At that time, the Parties will review the request to determine whether to include it in the subsequent Contract.
Sample 1
Annuity Contribution i. The Committee shall annually, pursuant to M.G.L. c. 71, §37B contribute an amount equal to 5% of the Superintendent’s annual salary, as set forth at Section 3(b), above, to an investment authorized under section 403(b) of the Internal Revenue Code for the benefit of the Superintendent, provided that the statutory authority remains in effect and the Superintendent chooses to retain the investment. The Superintendent may add his own contribution to the compensation paid by the Committee. ii. The Superintendent, at his sole option, may elect to forego the annuity contributions in Fiscal Years 2026 and 2027 and in place of such annuity contributions, elect the following adjustments to his base salary: a. Fiscal Year 2026 - Provided notice of election is submitted in writing to the School Committee Chair by January 1, 2025, then effective July 1, 2025: 1. the annual base salary set forth at Section 3(b)(v) will be increased by 5%, for an adjusted base salary of $XXXX; and, 2. the performance and longevity bonus set forth at Section 3(c)(v) will be recalculated using the adjusted base salary above, with the adjusted lump sum bonus amount being b. Fiscal Year 2027 – Provided notice of election is submitted in writing to the School Committee Chair by January 1, 2026, then effective July 1, 2026: 1. the annual base salary set forth at Section 3(b)(vi) will be increased by 5%, for an adjusted base salary of $XXXX; and, 2. the performance and longevity bonus set forth at Section 3(c)(vi) will be recalculated using the adjusted base salary above, with the adjusted lump sum bonus amount being
Sample 1
Annuity Contribution. Each administrator shall be given an allowance of 2% of his/her annual salary deposited into a 403(b) Tax sheltered annuity (subject to approved carriers and open enrollment dates).
Sample 1

Related to Annuity Contribution

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Contribution Formula Dental Coverage Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2006, and January 1, 2007, the minimum employee contribution shall be five dollars ($5.00) per month.

  • 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.

  • 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.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Company Contributions 33.1.1 The Company will make contributions on the Employee’s behalf to a complying superannuation fund which meets the Company’s statutory obligations under applicable superannuation legislation.

  • 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.

  • 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.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.