Contribution Processing Sample Clauses

Contribution Processing. Fidelity shall provide contribution processing services as provided in Article I and as outlined in this Appendix C. Contributions are subject to the terms and conditions contained herein.
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Contribution Processing. REMINDER: You must attach a voided check or provide bank information to avoid a delay establishing your SIMPLE IRA plan. Provide bank account information for the account from which SIMPLE IRA Plan contributions and associated fees (if applicable) will be taken. This information is kept confidential. Employees’ Elective Deferral, Employer Matching Contribution and Nonelective Contribution amounts, if any, must be sent electronically to Fidelity Investments Institutional Operations Company LLC, (FIIOC) via the Internet at xxxxxxxx.xxx. Your company’s contributions to your Fidelity Advisor SIMPLE IRA Plan (the “Plan”) must be debited from your company’s bank account via the Automated Clearing House (ACH) in accordance with your instruction, and electronically transmitted to each Participant’s Fidelity Advisor SIMPLE IRA account and invested according to instructions each Participant has provided. Your bank must be an ACH member for you to use this service. If the name on the check provided below does not match the company name in Section 2 of this form, then a corporate resolution must be provided and a signature notarization in Section 4. If the check below is from a payroll provider, a corporate resolution from the payroll provider is required. An authorized agent from the payroll provider and the authorized plan contact for your company must sign this form in Section 4. Tape a preprinted voided check over our sample: • Once FIIOC receives and accepts this completed form and the Adoption Agreement, FIIOC will notify you that you are allowed to begin submitting your contribution information via the web at xxxxxxxx.xxx. This method allows you to tell us how much money to electronically debit from your company’s bank account. Electronic funding puts you in control, since we will not debit your bank account until you tell us to do so each contribution period. Instructions for contribution processing are included in the SIMPLE IRA Plan Sponsor Guide. • Employees’ Elective Deferrals must be deposited as soon as administratively feasible, but in no event later than the 30th day following the last day of the month in which the deferrals are withheld from the Employees’ Compensation. • Employer Matching Contributions and Nonelective Contributions must be made by your company’s tax filing deadline, including extensions, for the taxable year for which the contributions are made. 029610202
Sample 1
Contribution Processing. Ascensus Trust will deposit the checks received from the Company within two (2) business days of receipt. In the event a Company's deposit is returned for insufficient funds, Ascensus Trust will notify the Company and an additional processing fee, in addition to a returned check fee, may be assessed by Ascensus Trust. All Company deposits will remain invested as specified in the Trust Agreement(s) until investment instructions are received from the Company. Within two (2) business days of receipt of the investment instructions, Ascensus Trust will transmit the deposit to the designated investment. If the funds required for compliance with the Company's investment instructions exceed the available Trust funds, the Company will be notified and Ascensus Trust will not invest any portion of the funds until revised instructions are received. Ascensus Trust will retain no portion of the earnings on funds held prior to transmittal to a designated investment. If funds are received from an employer who has not executed a Trust Agreement, Ascensus Trust will immediately notify such employer. Investment allocation purchases for such Company or employer will be "on hold" until an executed Trust Agreement is received by Ascensus Trust. Upon receipt of the Trust Agreement, the funds on hold will be invested, as described above.
Sample 1
Contribution Processing. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit D.
Sample 1
Contribution Processing. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers with 10 or more employees who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit C. -------------------------------------------------------------------------------- 401(k) Administrative Services Agreement A-30 Initials of Authorized Employer Representative/Date: _____/_____ Initials of Authorized Employer Representative/Date: _____/_____
Sample 1
Contribution Processing a. Benefitfocus will post notional (non-cash) contributions per standard processes outlined in the Design Guide, and as agreed upon with the Client, which include file based and assumed contribution posting.
Sample 1
Contribution Processing a. Receive and Transmit Contributions: Benefitfocus will receive and transfer via wire or ACH to the Custodial Bank as soon as administratively feasible consistent with the standards set forth by the Department of Labor in 29 C.F.R. Sec. 2510.3-102, payroll deduction and Client contributions, and individual contributions, if any, from third parties.
Sample 1
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Contribution Processing. The Custodian will deposit all contributions (including transfers of assets) promptly after the receipt thereof. All contributions to the Account are initially allocated to the Cash Account and will be held at the direction of the Account Owner pursuant to direction made in such form and manner as is acceptable to the Custodian and HSA Administrator. Amounts will be held in the Cash Account until the Account Owner directs either (i) a distribution of the amount from the Account or (ii) a transfer of the amount to the Investment Account. Contributions will be available for distribution in accordance with the Custodian’s and HSA Administrator’s policies and procedures and applicable law. The Custodian may delay funds availability on Large Deposits. If the funding for a contribution is denied by the paying entity, the Custodian may accept the denial without question and charge the item back against the Account without advance notice to the Account Owner. The Account Owner may be charged a fee for each returned item.
Sample 1

Related to Contribution Processing

  • Contribution Procedure Within fifteen (15) days after receipt by any party to this Agreement (or its representative) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party (“contributing party”), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its representative of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 5.3.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available. Each Underwriter’s obligations to contribute pursuant to this Section 5.3 are several and not joint.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • The Contribution 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:

  • 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.

  • Capital Account Restoration No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation.

  • 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.

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

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