Contribution Refunds Sample Clauses

Contribution Refunds. The Subscriber is entitled to a Contribution Refund at any time. Subject to the Contribution cheque or pre-approved deposit having cleared the banking system, a Contribution will be refunded to the Subscriber, or paid to the Benefciary at the Subscriber’s request, on the earlier of: (a) the receipt by the Manager of a written request by the Subscriber for such Contribution Refund; and (b) the Date of Termination.
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Contribution Refunds. 1. If the Supplementation-Corrected-Funding-Ratio is equal or higher than the Supplementation-Corrected-TBI-Funding-Ratio plus 15% point, Unilever is eligible for a Contribution Refund. 2. If the Supplementation-Corrected-Funding-Ratio is equal to or higher than the Supplementation-Corrected-TBI-Funding-Ratio plus 15% point and lower than the Supplementation-Corrected-TBI-Funding-Ratio plus 25% point, the Contribution Refund is: (a) 50% of the buffer release, calculated as the product of: • the excess of the Supplementation-Corrected-Funding-Ratio above 100%; • the (estimated) sum of pension payments of the Progress Scheme for the calendar year in which the Reference Date falls; • the payment percentage 50%. 3. If the Supplementation-Corrected-Funding-Ratio is equal to or higher than the Supplementation-Corrected-TBI-Funding-Ratio plus 25% point and lower than the Supplementation-Corrected-TBI-Funding-Ratio plus 40% point the Contribution Refund is: (a) 100% of the buffer release, calculated as the product of: • the excess of the Supplementation-Corrected-Funding-Ratio above 100%; • the (estimated) sum of pension payments of the Progress Scheme for the calendar year in which the Reference Date falls; • the payment percentage 100%. 4. If the Supplementation-Corrected-Funding-Ratio is higher than the Supplementation- Corrected-TBI-Funding-Ratio plus 40% point, the Contribution Refund is equal to the higher of the following two amounts: (a) 100% of the buffer release, calculated as the product of: • the excess of the Supplementation-Corrected-Funding-Ratio above 100%; • the (estimated) sum of pension payments of the Progress Scheme for the calendar year in which the Reference Date falls; • the payment percentage 100%. or: (b) one third part (1/3) of the difference between the Supplementation-Corrected- Funding-Ratio and the Supplementation-Corrected-TBI-Funding-Ratio plus 40% point, multiplied by the Technical Provision Contribution Basis. 5. Irrespective of the provisions in the above paragraphs, a Contribution Refund can only take place if: • the conditional supplements in the Progress Ring have been granted both in relation to the previous ten years and can also be granted in the future; and • a possible reduction of the pension claims and pension rights in the Progress Ring pursuant to article 134 of the Pensions Act in the preceding ten years has been compensated. 6. For the benefit of the Progress Ring, Unilever APF may depart from the provisions in par...
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Related to Contribution Refunds

  • 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. PART I. [OPTIONS (a) THROUGH (d)].

  • 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.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.7. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Payment of Contributions The College and eligible academic staff members of the plan 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.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

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