Company Contribution Clause Samples
The Company Contribution clause defines the obligations of a company to provide financial or other resources to a specific plan, project, or fund. Typically, this clause outlines the amount, timing, and method of the company's contributions, such as regular payments to an employee benefit plan or capital injections into a joint venture. Its core function is to ensure that the company fulfills its agreed-upon support, thereby providing certainty and stability for the parties relying on these contributions.
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Company Contribution. Subject to the provisions in this Agreement, the Company agrees to make contributions to the Employee’s Account under this Agreement in accordance with the following schedule: May 1, 2006 $ 400,000 May 1, 2007 $ 400,000 May 1, 2008 $ 400,000 May 1, 2009 $ 400,000 May 1, 2010 $ 400,000
Company Contribution. Any Company contribution to the Executive's account balance. The Company contribution, if any, shall be determined by the Board of Directors, at its sole discretion, and shall be based on performance factors set out by said Board of Directors, determined at the end of each calendar year and credited to the Executive's account balance in the calendar year following said determination.
Company Contribution. One of the features of a SIMPLE IRA Plan is that the Plan is funded by both employee and company contributions. For the
Company Contribution. The Company agrees to make a “Company Contribution” of $47,000 to the Deferred Bonus Account established pursuant to Section 3 effective as of December 31, 2004. The purpose of this Company Contribution is to further compensate Executive for his many years of service to the Company as a tool to retain the valuable services of the Executive.
Company Contribution. The Company may make contributions to the Director’s Deferral Account at its sole and absolute discretion.
Company Contribution. Subject to the provisions of Paragraphs 4.3 and 4.4, for each pay period, the Company shall pay to the Trustee a contribution on behalf of each Member equal to 160 percent of the Member's Elective Deferrals for the pay period which do not exceed five percent of the Member's Earnings for the pay period. This contribution shall be made no later than 30 days following the date on which the related Member Deferrals are made, and except for Members who have attained age 55, shall be made under the ESOP Part of the Plan."
Company Contribution. For Plan Years 2012 through (and including) 2016, the Company shall make Company Contributions, to be reflected in the Participant’s Company Contribution Account, as determined in accordance with Exhibit A hereto. For the initial 2012 Plan Year, the Company Contribution, if any, shall be reduced by 50% to reflect the Participant’s partial year participation in the Plan. The performance metrics and targets in connection with such Company Contributions shall be established each year in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company. In the event Company performance relative to such performance metrics and targets is impacted by a decision or activity that is outside of the Company’s current annual financial plan, but supports the Company’s long-term strategic plan, the Committee shall give consideration to overall corporate results and achievements. The Committee may exercise discretion regarding the performance metrics used to assess overall corporate performance relative to both the Company’s current annual financial plan and long-term strategic plan when determining Company Contributions. Decisions and activities that may occur that are outside of the Company’s current annual financial plan may include acquisitions, acquisition-related accounting issues, changes in FDIC premiums, special assessments, gains or losses on bank-owned properties and other events that were not foreseeable at the time the Company’s current annual financial plan was prepared. Any Company Contributions made pursuant to this Participation Agreement shall be reflected in the Participant’s Company Contribution Account effective as of the January 1 immediately following the Plan Year to which the Company Contribution relates. In order to be eligible to receive a Company Contribution for a Plan Year, the Participant must (i) have a performance rating of at least “satisfactory” for the Plan Year to which the Company Contribution relates (as determined by the Committee) and (ii) not have incurred a Separation from Service prior to the end of the Plan Year to which the Company Contribution relates; provided, however, that the Participant shall be eligible to receive a pro rata Company Contribution for any Plan Year during which the Participant incurs a Separation from Service due to the Participant’s Disability or death, termination by the Company without Cause or termination by the Participant for Good Reason or following age ...
Company Contribution. Company shall not be obligated to pay any amounts for the conduct of the Research other than the Company Contribution. If it shall appear to COH that the Company Contribution shall not be sufficient in connection with the Research, COH shall so inform Company as soon as reasonably possible and COH and Company shall determine whether the Company Contribution shall be amended to provide for such excess amounts. The amount of the Company Contribution shall be reviewed by COH and Company at least once every ninety (90) days during the Term.
Company Contribution. The Company will occupy approximately 23,450 square feet at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇, ▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ for a period not less than ten
Company Contribution. (a) Upon the terms and subject to the conditions set forth in this Agreement:
(i) At the Closing, each Company Equityholder shall contribute, assign, transfer and convey all of the Company Units owned by such Company Equityholder, free and clear of all Liens, to US NewCo, and US NewCo shall acquire and accept the Company Units from each of the Company Equityholders (the “Company Contribution”);
(ii) The consideration for the contribution, assignment, transfer and conveyance to US NewCo of the Company Units at the Closing, and the other transactions contemplated hereby, shall be the Company Closing Cash Consideration, Company Closing Interests and the contingent right to receive the Earnout Shares pursuant to Section 2.01(b) (collectively, the “Company Contribution Consideration”);
(iii) At the Closing, Parent shall, or shall cause US NewCo to, deposit with the Paying Agent $40,000,000 by wire transfer of immediately available funds to the account designated by the Paying Agent at the Closing Date (“Company Closing Cash Consideration”). The Company Closing Cash Consideration shall be allocated among the Company Equityholders as set forth on Section 2.01(a) of the Company Disclosure Letter (the “Allocation Schedule”);
(iv) At the Closing, US NewCo shall issue or cause to be issued to the Company Equityholders, an aggregate of fifty-five million (55,000,000) duly authorized, validly issued, fully paid and nonassessable US NewCo Interests, free and clear of all Liens (the “Company Closing Interests”), which shall be held uncertificated, in a direct registration account of each Company Equityholder at Equiniti Trust Company, LLC. The Company Closing Interests shall be allocated among the Company Equityholders as set forth on the Allocation Schedule;
(v) At the Closing, each Company Equityholder shall deliver or cause to be delivered to US NewCo, transfer power(s) duly executed by such Company Equityholder evidencing the transfer of all of such Company Equityholder’s Company Units to US NewCo, free and clear of all Liens; and
(vi) At the Closing, except as otherwise expressly provided herein, all of the Company Equityholders’ rights as equityholders of the Company shall be automatically canceled, cease to exist and have no rights with respect thereto.
