Contributions and Administration Sample Clauses
The "Contributions and Administration" clause defines the rules and procedures for making, managing, and recording contributions—such as payments, resources, or services—under an agreement. It typically outlines who is responsible for contributing what, the timing and method of contributions, and how these contributions are tracked or reported. For example, it may specify that each party must submit financial contributions by a certain date and that an administrator will oversee the allocation and documentation of these funds. The core function of this clause is to ensure transparency and accountability in the handling of contributions, thereby preventing disputes and facilitating smooth project or contract administration.
Contributions and Administration. 1. The Cultural Fund shall be open for contributions from the members of ASEAN, third countries, international bodies and other agencies. Contributions paid into the Cultural Fund shall belong to ASEAN and shall be held in the custody of the ASEAN Secretariat.
2. The Cultural Fund shall be administered solely by ASEAN.
Contributions and Administration. Commencing on the first (1st) day of each month, the Company shall contribute to the Teamsters and Motor Transport Industrial Relations Bureau of Ontario Pension Plan, handled by Joint Trustees, an amount of three hundred and forty dollars ($340.00) per month for each employee covered by this Agreement who has been on the payroll for more than thirty (30) calendar days and who has reported for work at least one day in the month. The Pension Plan shall be administered by a Trust Company or any other agency that is legally entitled to perform such administration in the Province of Ontario which the Trustees may decide from time to time.
Contributions and Administration. The Company will contribute seven hundred and sixty-five dollars ($765.00) per month for each employee with seniority, as of January 1, 2006, and who actively works one (1) day per month, to an individual RRSP beginning January 1, 2006 and continuing for the term of this Agreement. For all employees on the seniority list at the signing of this Agreement, the following shall apply:
(a) An employee who commences a layoff during the first year of this Agreement will continue to receive RRSP contributions for the period of the layoff, to a maximum of twelve (12) months in total;
(b) An employee who commences a layoff during the second year of this Agreement will continue to receive RRSP contributions for the period of the layoff, to a maximum of six (6) months in total;
(c) An employee who commences a layoff during the third or subsequent years of this Agreement, shall not receive any RRSP contributions while on layoff. RRSP contributions will be provided to the Benefit Plan Administrator. First year of employment … $294.00 Second year of employment … $352.00 Third year of employment … $414.00 Fourth year of employment … $480.00
Contributions and Administration. 1. The ASEAN Member Countries shall complete their contributions to the ASEAN Science Fund in annual installments according to the schedule of payment annexed as Annex I, and considered an integral part of this Agreement.
2. All contributions shall be made in US dollars, payable to the ASEAN Science Fund.
3. In addition to the contributions of the ASEAN Member Countries, the ASEAN Science Fund shall also be open for contributions from third countries, international bodies and other sources. Contributions paid into the ASEAN Science Fund shall belong to ASEAN and shall be held in the custody of the ASEAN Secretariat.
4. The ASEAN Science Fund shall be administered solely by ASEAN.
Contributions and Administration. Effective January 1, 2005 and commencing on the first (151) day of each month thereafter, the Company shall contribute to the Teamsters and Participating Employers of Ontario Pension Plan handled by joint trustees four hundred and sixty dollars ($460.00} per month for each employee covered by this Agreement who have been on the payroll for more than sixty (60) calendar days and who has reported for work at least one (1) day in the month. Effective January 1, 2006 the monthly amount shall increase to five hundred dollars ($500.00). Effective January 1, 2007 the monthly amount shall increase to five hundred forty dollars ($540.00}. Effective January 1, 2008 the monthly amount shall increase to five hundred eighty dollars ($580.00). Effective January 1, 2009 the monthly amount shall increase to six hundred twenty dollars ($620.00}. Pension contributions shall be applicable to full-time employees only, will be capped at the current contributions and shall require an employee to work a minimum of four (4) days in the month to be eligible for pension contributions for that month. The Pension Plan shall be administered by a Trust Company or any other agency that is legally entitled to perform such administration in the Province of Ontario which the Trustees may decide from time to time.
Contributions and Administration. Anytime following ratification of the Collective Agreement, employees may make an election as to whether they wish to continue to contribute to the Teamsters and Motor Transport Industrial Relations Bureau of Ontario’s Pension Plan or whether they wish to contribute to a self-directed Registered Retirement Savings Plan. ▇▇▇ hires will make this election upon completion of their probationary period.
Contributions and Administration. Section Contributions and Administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions and Administration