Contributions by Participants. Without in any way limiting the powers otherwise provided for in this Agreement, the Bylaws, or by statute, the Authority shall have the power and authority to receive, accept and utilize the services of personnel offered by any Participants or its representatives or agents; to receive, accept, and utilize property, real or personal, from any Participant or its agents or representatives; and to receive, accept, expend and disburse funds, contract or otherwise, for purposes consistent with the provisions of this Agreement, which funds may be provided by any Participant, its agents, or representatives.
Contributions by Participants. 14 5.1 Participants' Initial Contributions................................................ 14 5.2 Failure to Make Initial Contributions.............................................. 15 5.3 Obligations Prior to Earn-in....................................................... 15 5.4
Contributions by Participants. 5.1 Participants' Initial Contributions
Contributions by Participants. 11 5.1 Contributions . . . . . . . . . . . . . . . . . . . . . . . . . 11 5.2
Contributions by Participants. No contributions by Participants shall be required for participation in the Plan nor shall contributions by Participants be permitted hereunder.
Contributions by Participants. Contributions under this Section 3.3 shall be effected by payroll deduction in accordance with procedures established by the Participating Employer and subject to the restrictions and limitations of Section 2.2.
Contributions by Participants. If Participants are required to contribute to the cost of providing benefits under this Plan, such contributions shall be based on the plan designation selected in Section 7B above and shall apply to pay periods commencing on and after .
a. [ ] The Participant contribution formula in Section 3.3 of the Plan shall use the following percentage for the Plan Option selected in Section 7B of this Joinder Agreement: Plan AAA – 6.00% Plan AA - 5.25% Plan BB - 4.50% Plan CC - 3.75% Plan A – 3.00% Plan B - 2.25% Plan C - 1.50%
b. [ ] The contribution formula shall be compensation. [insert number between 0 and twelve] % of
c. [ ] The contribution as annually determined each year shall be shared by the Participant and Employer as follows: Employee portion % Employer portion % (Participant plus Employer percentages must total 100%.) The contribution will be actuarially determined based on Plan assets and liabilities as of January 1 of each year as a percent of payroll, which will then be shared between the Employer and Participant as noted above. These contribution rates will be in effect from July 1 of that year until June 30 of the subsequent year.
Contributions by Participants. Initial Contribution
5.1 Each Participant, as its Initial Contribution, hereby contributes to the Venture all its undivided right, title and interest in and to the Property, together with all of its respective right, title and interest in and to any licenses and permits relating to the Property, together with all maps, data, reports, studies, and documents relating thereto, free and clear of any Encumbrances. Value of Initial Contributions
5.2 The agreed value of the Participants' respective Initial Contributions shall be as follows:
(a) Magnus: [$u / €u ]; and
(b) FinMetal: [$u / €u ]. Cash Contributions
5.3 The Participants shall contribute funds for adopted Programs and Budgets in proportion to their respective Participating Interests, subject to elections permitted by §9.4.
Contributions by Participants. Initial Contribution
5.1 Each Participant, as its Initial Contribution, hereby contributes to the Venture all its undivided right, title and interest in and to the Property, together with all of its respective right, title and interest in and to any licenses and permits relating to the Property, together with all maps, data, reports, studies, and documents relating thereto, free and clear of any Encumbrances. Value of Initial Contributions
5.2 The agreed value of the Participants' respective Initial Contributions shall be as follows: Cash Contributions
5.3 The Participants shall contribute funds for adopted Programs and Budgets in proportion to their respective Participating Interests, subject to elections permitted by §9.4. 6. PARTICIPATING INTERESTS Participating Interests
Contributions by Participants. 10 5.1. Participants' Initial Contributions.......................... 10 5.2. Obligations Prior to Earn-In ................................ 10 5.2.1. Annual and Cumulative Exploration Expenditures Commitment.............................. 11 5.2.2. Overhead Charges During Earn-In...................... 11 5.2.3. Carryforward of Excess Cumulative Exploration Expenditures............................ 11 5.2.4. Maintenance of Properties During Earn-In............. 11 5.3. Payments By ICMC to CCA...................................... 11 5.3.1. Payment at Closing................................... 11 5.3.2. Annual Payment of Stock.............................. 11 5.3.3. Crescent Creek Net Smelter Return.................... 12 5.4. Termination of ICMC's Obligation to Make Initial Contribution................................................ 12 5.5. Additional Cash Contributions................................ 12 5.6. Earn-In...................................................... 12 5.7. Reports...................................................... 12 Montana PGM Venture Agreement February 1, 2000 CONFIDENTIAL