Contributions and administration costs Sample Clauses

Contributions and administration costs. The participant pays the contributions as long as he/she is alive and until the individual participant’s personal retirement date at the latest. He or she pays the premiums for the waiver of contribution no later than two years before his/her retirement date. Contributions are understood to include single premiums. The administration costs comprise: - a fixed amount per employee per payment term for as long as he or she is a participant in this net pension scheme, but until no later than the end date of the Execution Agreement. A participant for whom the pensionable earnings are (temporarily) zero or lower does not need to pay that amount. If a participant is disabled, we waive this fixed amount in the same way as the contribution. We can adjust the fixed amount annually. We do so using the weighted average of the monthly negotiated (collective labour agreement) wages (‘XXX-xxxxx’) including special allowances (total) and the Consumer Price Index (all households) for the months of January to March. This data is provided by Statistics Netherlands (CBS); - and costs for additional services. See the ‘Aegon Cappital Menu’ annex. We invoice the participant for these services separately, but only if the services are actually used. We calculate the contributions and administration costs in euros and you pay them in euros. For new insurance policies and increases of existing insurance policies that take effect retroactively, you pay contributions all at once. The participant pays the contributions and costs to us through you. We collect all contributions and administration costs from you. You settle the contributions and costs against the participant’s net salary. We will charge the costs for a former participant or pension beneficiary directly to the former participant or pension beneficiary. You will receive a monthly invoice.
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Contributions and administration costs. You pay the contributions as long as the participant is alive and until the individual participant’s personal retirement date at the latest. Contributions are understood to include single premiums. The administration costs comprise: - the one-off initial costs on commencement of the scheme. We can adjust the amount of these one-off initial costs annually. - a fixed amount per participant. We can adjust the fixed amount annually. You pay the fixed amount per participant per payment term for as long as the participant is employed by you, but until no later than the end date of the Execution Agreement. You also do not need to pay this fixed amount for a participant for whom the contributions have been entirely waived because he/she is disabled; - and costs for additional services. See the ‘Aegon Cappital Menu’ annex. We invoice these services to you separately, but only if the services are actually used. We calculate the contributions and administration costs in euros and you pay them in euros. For new insurance policies and increases of existing insurance policies that take effect retroactively, you pay contributions all at once. You will receive a monthly invoice.
Sample 1
Contributions and administration costs. You pay the contributions as long as the participant is alive and until the individual participant’s personal retirement date at the latest. He or she pays the premiums for the waiver of contribution no later than two years before his/her retirement date. Contributions are understood to include single premiums. The administration costs comprise: - the one-off initial costs on commencement of the scheme. We can adjust the amount of these one-off initial costs annually. - a fixed amount per participant. We can adjust the fixed amount annually. You pay the fixed amount per participant per payment term for as long as the participant is employed by you, but until no later than the end date of the Execution Agreement. You also do not need to pay this fixed amount for a participant for whom the contributions have been entirely waived because he/she is disabled; - and costs for additional services. See the ‘Aegon Cappital Menu’ annex. We invoice these services to you separately, but only if the services are actually used. We calculate the contributions and administration costs in euros and you pay them in euros. For new insurance policies and increases of existing insurance policies that take effect retroactively, you pay contributions all at once. You will receive a monthly invoice.
Sample 1

Related to Contributions and administration costs

  • General and Administrative Costs The Borrower shall ensure that the payment of all the general and administrative costs of the Borrower and the Owners in connection with the ownership and operation of the Ships (including, without limitation, the payment of the management fees pursuant to the Management Agreements) shall be fully subordinated to the payment obligations of the Borrower and the Owners under this Agreement and the other Finance Documents throughout the Security Period.

  • Bookkeeping and Administrative Expenses If so provided in the Prospectus, as compensation for providing bookkeeping and other administrative services of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940 to the extent such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee or the Depositor for providing supervisory services, the Depositor shall receive at the times specified in Section 3.05, against a statement or statements therefor submitted to the Trustee an aggregate annual fee in an amount which shall not exceed that amount set forth in the Prospectus, calculated as specified in Section 3.05. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase, during the period from the Trust Agreement to the date of any such increase, in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index as described under Section 3.18. The consent or concurrence of any Unitholder hereunder shall not be required for any such adjustment or increase. Such compensations shall be paid by the Trustee, upon receipt of invoice therefor from the Depositor, upon which, as to the cost incurred by the Depositor of providing services hereunder the Trustee may rely, and shall be charged against the Income and Capital Accounts as specified in Section 3.

  • Management and Administration 5.1 TxDOT Responsibility for Policy Decisions

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • COLLECTION AND ADMINISTRATION 42 5.1 Borrower's Loan Accounts ............................................................. 42 5.2 Statements ........................................................................... 42 5.3

  • Fund Administration ● Prepare annual and semi-annual financial statements ○ Utilizing templates for standard layout and printing ● Prepare Forms N-CEN, N-CSR and 24F-2 ● File Forms N-CEN and 24F-2 with the SEC ● Host annual audits ● Prepare required reports for quarterly Board meetings ● Monitor expense ratios ● Maintain budget vs. actual expenses ● Manage fund invoice approval and xxxx payment process ● Assist with placement of Fidelity Bond and E&O insurance ● Calculate monthly NAVs as required by the Trust and in conformance with generally accepted accounting principles (“GAAP”), SEC Regulation S-X (or any successor regulation) and the Internal Revenue Code ● Transmit net asset values to the advisor, NASDAQ, Transfer Agent & other third parties ● Reconcile cash & investment balances with the custodian ● Provide data and reports to support preparation of financial statements and filings ● Prepare required Fund Accounting records in accordance with the 1940 Act ● Obtain and apply security valuations as directed and determined by the Fund consistent with the Fund’s pricing and valuation policies ● Participate, when requested, in Fair Value Committee meetings as a non-voting member ● Calculate monthly SEC standardized total return performance figures ● Coordinate reporting to outside agencies including Morningstar, etc. ● Prepare and file Form N-PORT ● Coordinate annual update to prospectus and statement of additional information ● Coordinate standard layout and printing of prospectus ● Files Forms N-CSR and N-PX ● Coordinate EDGARization and filing of SEC documents ● Compile and distribute board materials (electronically) for quarterly board meetings ● Attend quarterly board meetings telephonically and prepare initial draft of meeting minutes ● Perform daily prospectus & SAI, SEC investment restriction monitoring ● Provide warning/Alert notification with supporting documentation ● Provide quarterly compliance testing certification to Board of Trustees ● Document Management/Sharing ● Initiate requests or provide feedback ● Retrieval of current and up to 15 months of historical reports ● Access to daily fund accounting data and static reports ● Portfolio compliance alerting with drill-down capability ● Portfolio data warehouse with reporting engine ● Investor data warehouse with ad hoc query builder ● Investor document image retrieval (i.e. correspondence, applications, checks) ● Trustee access that facilitates access to board materials and other relevant documents

  • Distributions and Adjustments (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares or other securities of the Company, issuance of warrants or other rights to purchase shares of Common Stock or other securities of the Company or other similar corporate transaction or event such that an adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, then the Committee shall, in such manner as it may deem equitable, in its sole discretion, adjust any or all of the number and type of such Shares. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary.

  • Financial, Accounting, and Administrative Services The Manager shall maintain the existence and records of the Corporation; maintain the registrations and qualifications of Fund Shares under federal and state law; monitor the financial, accounting, and administrative functions of the Fund; maintain liaison with the various agents employed by the Corporation (including the Corporation’s transfer agent, custodian, independent accountants and legal counsel) and assist in the coordination of their activities on behalf of the Fund.

  • Minor and Administrative Errors A Competent Authority shall notify the Competent Authority of the other Party when the first-mentioned Competent Authority has reason to believe that administrative errors or other minor errors may have led to incorrect or incomplete information reporting or resulted in other infringements of this Agreement. The Competent Authority of such other Party shall apply its domestic law (including applicable penalties) to obtain corrected and/or complete information or to resolve other infringements of this Agreement.

  • Management and Administrative Services The Investment Adviser shall perform, or arrange for its affiliates to perform, the management and administrative services necessary for the operation of the Fund, including administering shareholder accounts and handling shareholder relations. The Investment Adviser shall provide the Fund with office space, facilities, equipment and necessary personnel and such other services as the Investment Adviser, subject to review by the Board of Directors, from time to time shall determine to be necessary or useful to perform its obligations under this Agreement. The Investment Adviser, also on behalf of the Fund, shall conduct relations with custodians, depositories, transfer agents, pricing agents, dividend disbursing agents, other shareholder servicing agents, accountants, attorneys, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and such other persons in any such other capacity deemed to be necessary or desirable. The Investment Adviser generally shall monitor the Fund's compliance with investment policies and restrictions as set forth in filings made by the Fund under the federal securities laws. The Investment Adviser shall make reports to the Board of Directors of its performance of obligations hereunder and furnish advice and recommendations with respect to such other aspects of the business and affairs of the Fund as it shall determine to be desirable.

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