Contributions to the Fund. The Donor, or any other donor or entity, may transfer to the Fund at any time, property acceptable to the Foundation, for such purposes. All contributions other than cash and marketable securities must be approved and acceptable to the Foundation.
Contributions to the Fund. (a) If a Contribution Event occurs prior to the occurrence of a Termination Event (defined below), the Support Provider will make a Capital Contribution to the Fund in the amount equal to the least of (i) the Loss incurred as a result of Contribution Event, (ii) the Required Capital Contribution, or (iii) the Maximum Contribution Amount reduced by the amount of any Capital Contribution previously made by the Support Provider to the Fund.
(b) The Support Provider shall make the Capital Contribution to the Fund not later than one business day after the occurrence of a Contribution Event, by 12:00 noon, Eastern Time. Each Capital Contribution made hereunder shall be made in immediately available funds, without deduction, set-off or counterclaim, to the Fund.
(c) The obligation of the Support Provider to make Capital Contributions pursuant to this Agreement shall terminate upon the earlier of (such occurrence, the “Termination Event”): (i) the Support Provider has made Capital Contributions equal to the Maximum Contribution Amount, (ii) the Fund no longer holds Eligible Notes, or (iii) 5:00 p.m. Eastern Time on July 31, 2008.
Contributions to the Fund. Section 1. Accumulated Employer Contributions 33 Section 2. Employer Contributions 33 Section 3. Period of Employer Contributions 34 Section 4. Participants Contributions 34 Section 5. [Intentionally Left Blank] 34 Section 6. Mode of Payment 35 Section 7. Default in Payment 35 Section 8. Report on Contributions 38 Section 9. New Employers 39 Section 10. Designated Groups of Employees 39
Contributions to the Fund. All contributions to the Fund represent an irrevocable gift to the Foundation, are not refundable, and are under the exclusive legal control of the Foundation. Please indicate below the property you intend to initially assign, convey, transfer and deliver to the Foundation to establish this fund.
Contributions to the Fund. The Admission Body shall pay to the Fund in relation to the Members:
6.1.1 the initial amount calculated by the Actuary at the commencement of this Agreement for inclusion with its rates and adjustments certificate issued by the Actuary, which is 00.0% ([closed] [open] contribution rate ) as per the actuary’s Schedule of Results dated DD MONTH 20**. This will be payable monthly in arrears no later than the date specified by the Administering Authority or in accordance with any other terms of the rates and adjustments certificate;
6.1.2 following each triennial valuation of the Fund the amount calculated by the Actuary and set out in the rates and adjustments certificate accompanying the formal valuation report. This will be payable monthly in arrears no later than the date specified by the Administering Authority or in accordance with any other terms of the rates and adjustments certificate;
6.1.3 all amounts from time to time deducted from the pay of the Members under the Regulations. These will be payable monthly in arrears no later than the date specified by the Administering Authority and in any event no later than the time required under section 49(8) of the Pensions Xxx 0000;
6.1.4 any amount received by the Admission Body by deduction or otherwise under Regulations 11, 12, 16 or 17 of the Regulations;
6.1.5 any appropriate sum or any extra charge payable under Clauses 5.3.1 and 5.3.2 respectively (Additional Pension);
6.1.6 any extra charge required by the Administering Authority to cover the actuarial strain on the Fund (as notified by the Actuary in writing) as a result of the immediate payment of benefits when:
6.1.6.1 a Member who is an active member of the Scheme has his employment terminated on the grounds that ill-health or infirmity of mind or body renders him permanently incapable of discharging efficiently the duties of his current employment; or
6.1.6.2 a Member who has left his employment before he is entitled to the immediate payment of retirement benefits receives payment of his benefits immediately on grounds that ill- health or infirmity of mind or body renders him permanently incapable of discharging efficiently the duties of that employment, such sum to be paid to the Fund within 10 Business Days of receipt by the Admission Body of written notification of the sum from the Administering Authority (or within such other period and on such terms as the Administering Authority and the Admission Body may agree), but only to the extent th...
Contributions to the Fund. (a) The University will contribute to the Fund in respect of each employee subject to this Agreement a payment of 3 per cent of ordinary time earnings. Provided that where the contract of an employee is such that the employee will not necessarily exceed the criteria set out in subclause 8.5(a), the University will not be liable to make regular payments. In such cases the University will assess retrospectively, in January or July as the case may be, whether the employee is or is not a casual employee for the purposes of this clause. If the employee is not excluded by reason of being a casual employee, then the University will forward 3 per cent of the ordinary time earnings of the employee during the relevant period to the Fund not later than two months after the end of the relevant qualifying period.
(b) Contributions are to be made whilst employees are receiving pay, including:
(i) periods of paid absence; and
(ii) whilst on workers compensation provided the employee is receiving 'make-up pay' under the provisions of a relevant award or under the provisions of a relevant Act.
(c) If the employee's salary whilst on paid leave is less than 100 per cent of ordinary time earnings, the University's contributions during that period will be 3 per cent of that salary.
Contributions to the Fund. The Fund shall consist of contributions made by the Contracting Parties in accordance with the Terms of Reference. Japan shall make an annual contribution of US$40,000 to the Fund. The People’s Republic of China and the Republic of Korea shall contribute US$20,000 each to the Fund annually. The ASEAN Member Countries shall also make an annual contribution of US$2,000 each. The amount of contribution of each Contracting Party to the Fund may be adjusted upon the agreement of all Contracting Parties. The Fund shall belong to the Contracting Parties and shall be held and administered by the ASEAN Secretariat.
Contributions to the Fund. (a) If a Contribution Event occurs prior to the occurrence of a Termination Event, the Support Providers will make a Capital Contribution in an amount equal to the lower of (i) the Loss incurred as a result of such Contribution Event and (ii) the Maximum Contribution Amount reduced by the amount of any Capital Contribution previously made by either Support Provider to the Fund.
(b) The Support Providers shall make the Capital Contribution to the Fund not later than one business day after the occurrence of a Contribution Event, by 12:00 noon, Eastern Time. Each Capital Contribution made hereunder shall be made in immediately available funds, without deduction, set-off or counterclaim, to the Fund. In the event that the Support Providers do not make a Capital Contribution when due, the Fund will draw upon the Collateral. Any amounts drawn from such Collateral shall be deemed to be a Capital Contribution made hereunder by the Support Providers.
(c) The obligation of the Support Providers to make Capital Contributions pursuant to this Agreement shall terminate upon the earliest to occur of (such occurrence, the "Termination Event") (i) the repayment, in cash, or sale by the Fund of all Eligible Notes, (ii) the Support Providers having made Capital Contributions equal to the Maximum Contribution Amount, (iii) a restructuring of all Eligible Notes held by the Fund into Replacement Notes that are rated A-1 and P-1 by Standard & Poor's and Xxxxx'x Investor Services, respectively, and (iv) 5:00 p.m. Eastern Time on June 30, 2009. If an event constitutes both a Termination Event and a Contribution Event, then the Termination Event will not be deemed to have occurred until the Support Providers have made any Capital Contributions required under this Agreement with respect to such Contribution Event.
(d) The obligations of the Support Providers to make Capital Contributions hereunder shall be joint and several. Any required Capital Contribution hereunder may be made by either Support Provider, in the sole discretion of the Support Providers.
Contributions to the Fund. The Admission Body must pay to the Administering Authority for credit to the Fund in relation to the Members or otherwise relating to the Admission Body’s participation in the Fund:
6.1.1 the amount of employer contributions calculated by the Actuary in accordance with the Regulations from time to time and confirmed to the Admission Body by the Administering Authority. This will be payable monthly in arrears no later than the date specified by the Administering Authority (in the relevant rates and adjustment certificate or otherwise) or in accordance with any other terms of the relevant rates and adjustments certificate;
6.1.2 all amounts from time to time deducted from the pay of the Members to meet employee contributions under the Regulations (including, for the avoidance of doubt, all amounts deducted for any period from the Commencement Date until the date of this Agreement which remain unpaid at the date of this Agreement). These will be payable monthly in arrears no later than the date specified by the Administering Authority and in any event no later than the time required under regulations made under section 49(8) of the Pensions Act 1995 and where amounts deducted for any period from the Commencement Date until the date of this Agreement are unpaid at the date of this Agreement, such amounts shall be paid immediately following the date of this Agreement;
6.1.3 any amount payable by the Admission Body, or received by the Admission Body by deduction or otherwise, under regulations 12, 13, 14, 16 and 17 of the 2013 Regulations (including, for the avoidance of doubt, all amounts for any period from the Commencement Date until the date of this Agreement which remain unpaid at the date of this Agreement) pursuant always to the payment timings required under regulations made under section 49(8) of the Pensions Act 1995;
6.1.4 any sum or any extra charge payable under Clauses 5.
Contributions to the Fund. The Admission Body must pay to the Fund in relation to the Members:
6.1.1 employer contributions at the same primary rate of pensionable pay as is applicable to the Scheme Employer under the rates and adjustments certificate for the Scheme Employer. This amount will be payable monthly in arrears no later than the date specified by the Administering Authority or in accordance with any other terms of the rates and adjustments certificate;
6.1.2 all amounts from time to time deducted from the pay of the Members under the Regulations (including, for the avoidance of doubt, all amounts deducted for any period from the Commencement Date until the date of this Agreement which remain unpaid at the date of this Agreement). These will be payable monthly in arrears no later than the date specified by the Administering Authority and in any event no later than the time required under section 49(8) of the Pensions Act 1995 (and where amounts deducted for any period from the Commencement Date until the date of this Agreement remain unpaid at the date of this Agreement, such amounts are to be treated for the purposes of section 49(8) as if first deducted on the date of this Agreement);
6.1.3 any amount received by the Admission Body by deduction or otherwise under regulations 12, 13, 14, 16 and 17 of the 2013 Regulations (including, for the avoidance of doubt, all amounts for any period from the Commencement Date until the date of this Agreement which remain unpaid at the date of this Agreement);
6.1.4 any sum or any extra charge payable under Clauses 5.
