Contribution Holidays Sample Clauses

Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University.
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Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the Agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP initiative with the objective of forming a multi-employer Jointly Sponsored Pension Plan (JSPP), within the sector. The above contributions will be subject to change should there be a ratification of a JSPP proposal by plan members including CUPE Local 1334 Unit 1 and the University. The language will remain in effect until the UG Conversion date at which time it will be deleted as per The LOA Related to the Union’s Consent to the Conversion to the UPP.
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Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the Collective Agreement it will not take contribution holidays, unless otherwise prescribed by legislation.
Sample 1
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University. SIGNED on August 18, 2020, at Guelph, Ontario.
Sample 1
Contribution Holidays. Contributions or premiums payable to the Retirement Benefit Arrangements (except the Xxxxxx Xxxxx Group Pension Scheme (UK) and the Stichting Pensioenfonds Xxxxxxxx (NL)) have been and are being paid at or above the full amount required by local law and in accordance with the governing documentation of the relevant Retirement Benefit Arrangement and are not discounted, either fully or partially due to surplus in that or any other Retirement Benefit Arrangement or otherwise. These contributions or premiums are fully reflected in the Relevant Accounts
Sample 1
Contribution Holidays. The University agrees that should the Retirement Plan reach full funding status during the term of the agreement it will not take contribution holidays, unless otherwise prescribed by legislation. University Pension Plan (UPP) & the Retirement Pension Plan It is recognized that discussions are underway with respect to the UPP (University Pension Plan) initiative with the objective of forming a multi-employer JSPP (Jointly Sponsored Pension Plan), within the sector. The above contribution above will be subject change should there be the ratification of a JSPP proposal by plan members including CUPE Local 3913 and the University. CUPE 1334 Pension Benefits During the term of this agreement, should the University reach a signed agreement with CUPE 1334 that provides for annual increases to pension payments indexed to CPI for members of CUPE 1334, the University agrees to adjust the pension benefits provided to CUPE 3913 members to match. SIGNED on February 25, 2017, at Guelph, Ontario.
Sample 1
Contribution Holidays. The parties agree that they will jointly approach the Government of Ontario to amend the Power Corporation Act to permit the Corporation to take contribution holidays from April 1, 1998 to the earlier of the date the collective agreement expires or the date subsection 22(4) of the Power Corporation Act is repealed.
Sample 1
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Contribution Holidays. This Policy features contribution holidays, which allows flexibility to the Policyholder either not to pay in any Policy Year, provided the balance amount in the IPA does not fall below Rs. 1,00,000/-. In the event of the minimum required Regular Contribution not being paid for two consecutive years and the balance in the IPA falling below Rs. 1,00,000/-, the Policy shall stand terminated/foreclosed in accordance with Clause 4.8 herein below.
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Contribution Holidays 
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Related to Contribution Holidays

  • EMPLOYEE CONTRIBUTIONS (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • 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.

  • 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.

  • Tax Returns and Payments; Pension Contributions Borrower and each of its Subsidiaries has timely filed all required tax returns and reports, and Borrower and each of its Subsidiaries, has timely paid all foreign, federal, state, and local taxes, assessments, deposits and contributions owed by Borrower and such Subsidiaries, in all jurisdictions in which Borrower or any such Subsidiary is subject to taxes, including the United States, unless such taxes are being contested in accordance with the following sentence. Borrower and each of its Subsidiaries, may defer payment of any contested taxes, provided that Borrower or such Subsidiary, (a) in good faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Collateral Agent in writing of the commencement of, and any material development in, the proceedings, and (c) posts bonds or takes any other steps required to prevent the Governmental Authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted Lien.” Neither Borrower nor any of its Subsidiaries is aware of any claims or adjustments proposed for any of Borrower’s or such Subsidiaries’, prior tax years which could result in additional taxes becoming due and payable by Borrower or its Subsidiaries. Borrower and each of its Subsidiaries have paid all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms, and neither Borrower nor any of its Subsidiaries have, withdrawn from participation in, and have not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which could reasonably be expected to result in any liability of Borrower or its Subsidiaries, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other Governmental Authority.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • 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.

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