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. 12 5.1 Participants' Initial Contributions.........................................................12 5.2 Failure to Make Initial Contributions.......................................................12 5.3 Obligations Prior to Earn-in................................................................13 5.4
Contributions by Participants. 11 5.1 Participants' Initial Contributions. 11
5.2 Additional Contribution. 11
Contributions by Participants. 5.01 Initial Contributions of Participants 5.02 Failure of FGMI To Make Initial Contribution 5.03 Additional Cash Contributions
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
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. 10 5.1 Participants' Initial Contributions........................................ 10 5.2 Contributions During Initial Contribution Period........................... 10 5.3 Contributions During Period of Joint Operations............................ 11 VI.
Contributions by Participants. Participants may not make contribu- tions to the Plan (except as provided in Sections 4.5 and 4.6). If the Plan is adopted as an amendment of an existing plan that permitted employees to make nondeductible contributions for any Plan Year beginning after December 31, 1986, such contributions in any such Plan Year may not have exceeded the maximum allowed under the nondiscrimination test contained in Code section 401(m)(2). Any Plan that has accepted employee nonde- ductible contributions must maintain Employee Nondeductible Contribution Accounts so long as any amounts attributable to such contributions remain in the Trust. Subject to Article 8, a Participant may at any time withdraw amounts credited to his Employee Nondeductible Contribution Account by submitting to the Trustee, through the Plan Administrator, a written request specifying the amount to be withdrawn (which shall not be less than $100, unless the entire amount credited is less than $100, in which case the entire amount credited must be withdrawn). Payment of such withdrawals shall be made within 30 days of the Trustee’s receipt of such a request. Except to the extent that such withdrawals are made, a Participant’s Employee Nondeductible Contribution Account shall be distributable at the same time and in the same manner as his other Accounts.
