Contributions to the Trust Fund Sample Clauses
Contributions to the Trust Fund. The Company may make further contributions to the Trust Fund from time to time which further contributions shall be subject to the terms and conditions hereof.
Contributions to the Trust Fund. The Trustee may receive further contributions to the Trust Funds from time to time which shall be subject to the terms and conditions of this Deed. The relevant Managing Agent shall advise the Trustee at the time any further contribution is made of its amount and the Trust Fund or Trust Funds to which it is made.
Contributions to the Trust Fund. The Trustee may receive further contributions to the Trust Fund from time to time to be held on the terms and conditions of this deed. Lloyd's must advise the Trustee at the time any further contribution is made of the amount of such contribution.
Contributions to the Trust Fund. 11 SECTION 6.01. BASIS OF CONTRIBUTIONS TO PLAN 11 SECTION 6.02. EFFECTIVE DATE OF CONTRIBUTIONS 11 SECTION 6.03. MODE OF PAYMENT 11 SECTION 6.04. DEFAULT IN PAYMENT ERROR! BOOKMARK NOT DEFINED. SECTION 6.05. REPORT ON CONTRIBUTIONS AND PRODUCTION OF RECORDS 12 SECTION 6.06. CONTRIBUTIONS FOR WORK IN OTHER JURISDICTIONS 12 SECTION 6.07. COSTS, EXPENSES AND ATTORNEYS' FEES .ERROR! BOOKMARK NOT DEFINED. SECTION 6.08. NO SET-OFF OR COUNTERCLAIM 12
Contributions to the Trust Fund. The Board of Commissioners has the sole authority to decide the amount of contributions and deposits into the Trust Fund and may consult with an actuary regarding the funding levels necessary to pre-fund Plan obligations on an actuarial basis. Contributions, as determined in the sole discretion of the Board, may consist of the following:
(i) County contributions to fund or pre-fund retiree health benefits under the Plan.
(ii) Other eligible funds of the County transferred into the Trust Fund for retiree health benefit-related expenses under the Plan.
(iii) Mandatory employee contributions, which shall be deducted from active employees’ compensation and remitted as the County’s employer contributions into the Trust for purposes of federal tax compliance.
Contributions to the Trust Fund. (5.1) All Contributions to the Trust Fund shall be made by check or by wire transfer in U.S. dollars to the Trustee or its agent, all as more fully set forth in the Adoption Agreement, and shall be applied as provided in Section 4.2 above. Neither the Trustee nor its agent, however, shall be required to verify that amounts received are in accordance with the terms of the Participating Plan's governing documents.
(5.2) If Contributions are made to the Trust Fund under a mistake of fact or if a deduction for such Contributions is disallowed under the Code, an amount equal to such Contributions may be paid to the Participating Plan upon written notice thereof, to the extent permitted by the Participating Plan's governing documents. The Trustee and its agent shall be entitled to act upon any such notice without independent investigation and without incurring any liability on account of any action taken or omitted pursuant to such notice.
(5.3) Pursuant to the terms of each Adoption Agreement, JHFI shall be appointed the agent for each Participating Plan for the limited purpose of (a) providing quarterly estimates to John Xxxcxxx xx the amount of each Participating Plan's anticipated Net Contributions, and (b) accepting from John Xxxcxxx xxxrterly Confirmation Letters quoting the interest rate applicable to Contributions received during the immediately following calendar quarter (which rate shall be based upon such estimates and may be adjusted at the end of such calendar quarter in accordance with the terms of the Group Annuity Contracts if the aggregate amount of Net Contributions actually made by all Participating Plans varies from the estimates).
Contributions to the Trust Fund. 2.1 The Company and each Subsidiary shall, from time to time, make contributions to the Trustee as provided in the plans of the respective participating trusts and shall also remit to the Trustee any contributions paid by employees who are participants in the respective participating trusts. The contributions received from the Company shall be allocated to the participating trust maintained by the Company and the contributions received from a Subsidiary shall be allocated to the participating trust maintained by the Subsidiary. If the Company or any Subsidiary maintains more than one participating trust hereunder, the Company or such Subsidiary, as the case may be, shall designate in writing the participating trust to which any contribution is to be allocated. The Trustee shall be accountable for all contributions so received, but the Trustee shall have no duty to see that such contributions comply with the provisions of the plan of any participating trust, nor shall the Trustee be obliged to or have any right to enforce or collect any contribution from the Company, any Subsidiary, or any participating employees or otherwise see that the funds are deposited according to the provisions of the plan of any participating trust or regulatory authority. In addition, the Trustee shall not be responsible for establishing a funding policy for the plan of any participating trust.
Contributions to the Trust Fund. 38 Section 6.01. Initial Company Contribution . . . . .38 Section 6.02. Annual Company Contribution. . . . . .38 Section 6.03.
Contributions to the Trust Fund. Contributions to the Trust Fund by the Grantor shall consist of cash, certified check, and/or direct obligations of the United States of America or the state of Michigan, or obligations the principal and interest of which are unconditionally guaranteed by the United States of America or the state of Michigan, or certificates of deposit of any financial institution to the extent insured by an agency of the United States of America that certificates of deposit shall mature not later than one year from the date of deposit. The Trustee undertakes no responsibility for the amount or adequacy of, nor any duty to collect from the Grantor, any contributions required to be made by Grantor to the Trust Fund or for contributions required of the Grantor to discharge any liabilities of the Grantor as required by the Act or any condition of a license issued pursuant to the Act. The Trustee shall notify the Director in writing of contributions made to the Trust Fund by the Grantor.
Contributions to the Trust Fund. 2.1. Subject to the provisions of Article VIII hereof, the Employer, on behalf of itself and its employees, intends, from time to time, to deliver or cause to be delivered to the Trustee such amounts of cash or other property acceptable to the Trustee as the Employer, in its sole discretion, deems necessary to comply with the provisions of the Plan or Plans. Moreover, if said Plan or Plans so provide, the Trustee shall accept voluntary contributions and rollover contributions made by Plan Participants, as well as transfers of the interests of Plan Participants in other qualified plans direct from the Trustees of such other qualified plans. The Trustee may accept contributions made under the terms of any other retirement plan which qualifies under Section 401(a) of the Code (herein referred to as 'qualified plan') which the Employer acquires or maintains as well as contributions made by other employers adopting the Plan or Plans maintained by the Employer hereunder pursuant to the provisions of the Plan or Plans. Assets contributed pursuant to the Plans and any such other qualified plan shall constitute one common fund and may be commingled for investment purposes. The Plan Administrator shall be responsible for allocating for accounting purposes such amounts between and among such Plans. Any funds contributed to the Trust under the terms of any Plan which ultimately becomes disqualified under the provisions of the Code relating to qualification and exemption shall be segregated for the exclusive benefit of the Participants thereunder as soon as administratively feasible after the date of the determination of such disqualification. Unless the context clearly implies or indicates to the contrary, the term "Trust Fund" comprises all property of every kind held by the Trustee, from time to time, pursuant to this Trust Agreement. The Trustee shall have no duty, express or implied, to compel any payment to be made to it by the Employer or otherwise to be responsible for the adequacy of the Trust Fund to meet and discharge any liabilities under the Plans, and shall be accountable only for cash and other property actually received by it.
2.2. If the Plan or Plans or this Trust fails initially to satisfy the qualification requirements of Section 401(a) or Section 501(a) of the Code, and the Employer declines to amend the Plan or the Trust to satisfy such qualification requirements, contributions made prior to the determination that the Plan or Trust has failed to q...