Calculation of New Parties’ Contributions Sample Clauses

Calculation of New Parties’ Contributions. Of those responding to the survey, three were in favour of continuing with the current approach to new Parties’ contributions, i.e. that they be used to grow the existing budget, while two respondents were against this approach. One respondent proposed a new approach which, when a new Party joins ACAP, would lead to an increase in the overall budget, while initially reducing the annual contribution each Party makes. One way to do this would be to calculate the amount a new Party would be levied (based upon the formula operating at the time they join), and then determine what is the percentage increase (to the overall ACAP budget) that the addition of the contribution by the new Party makes. For example, a 14th country joins and their contribution is $110,000. With the status quo, the additional $110,000 increases the budget (based on 13 Parties) by almost 15%. However, if each Party’s contribution were reduced e.g. by 5%, from what they would have contributed without the 14th Party joining ($104,500 rather than $110,000), the overall ACAP budget would grow by 9.05%, while each Party saves a modest amount. In the years following a new Party joining, the contributions made by each Party would slowly increase back towards what they were contributing (before the new Party joined) - guaranteeing that the budget will continue to grow (but at a modest rate), as displayed in Table 3 below. Table 3. Calculation of Parties’ adjusted contributions ACAP Party # Current annual contribution by Party With 5% reduction in contribution by Party 1 $ 110,000.00 $ 104,500.00 2 $ 110,000.00 $ 104,500.00 3 $ 100,000.00 $ 95,000.00 4 $ 100,000.00 $ 95,000.00 5 $ 89,000.00 $ 84,550.00 6 $ 83,000.00 $ 78,850.00 7 $ 75,000.00 $ 71,250.00 8 $ 46,000.00 $ 43,700.00 9 $ 24,000.00 $ 22,800.00 10 $ 4,500.00 $ 4,275.00 11 $ 1,200.00 $ 1,140.00 12 $ 600.00 $ 570.00 13 $ 300.00 $ 285.00 Total Budget (13 Parties) $ 743,600.00 $ 706,420.00 If #14 joins and current rate of contribution is equal to # 1 and # 2 $ 110,000.00 $ 104,500.00 New Budget Total $ 853,600.00 $ 810,920.00
Sample 1
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Related to Calculation of New Parties’ Contributions

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

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

  • Limitations on Contributions By executing this Agreement, Contractor acknowledges its obligations under Section 1.126 of the City’s Campaign and Governmental Conduct Code, which prohibits any person who contracts with, or is seeking a contract with, any department of the City for the rendition of personal services, for the furnishing of any material, supplies or equipment, for the sale or lease of any land or building, for a grant, loan or loan guarantee, or for a development agreement, from making any campaign contribution to (i) a City elected official if the contract must be approved by that official, a board on which that official serves, or the board of a state agency on which an appointee of that official serves, (ii) a candidate for that City elective office, or (iii) a committee controlled by such elected official or a candidate for that office, at any time from the submission of a proposal for the contract until the later of either the termination of negotiations for such contract or twelve months after the date the City approves the contract. The prohibition on contributions applies to each prospective party to the contract; each member of Contractor’s board of directors; Contractor’s chairperson, chief executive officer, chief financial officer and chief operating officer; any person with an ownership interest of more than 10% in Contractor; any subcontractor listed in the bid or contract; and any committee that is sponsored or controlled by Contractor. Contractor certifies that it has informed each such person of the limitation on contributions imposed by Section 1.126 by the time it submitted a proposal for the contract, and has provided the names of the persons required to be informed to the City department with whom it is contracting.

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

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

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  • 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.

  • Waiver of Contributions Employee contributions to this Plan shall be waived with respect to disabled employees during the time such an employee is in receipt of disability benefit payments from this Plan.

  • FINANCIAL CONTRIBUTIONS 10.1 The Financial Contribution of the CCG and the Council to any Pooled Fund or Non-Pooled Fund for the first Financial Year of operation of each Individual Scheme shall be as set out in the relevant Scheme Specification.

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