CURRENT CONTRIBUTIONS Sample Clauses

CURRENT CONTRIBUTIONS. The Plan permits the following contributions (select one or more):
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
CURRENT CONTRIBUTIONS. The Capital Contributions made by each Member as of the Effective Date are as set forth opposite the Member's name on Schedule I attached hereto. The Members acknowledge that GNYHA has contributed two (2) capital contribution notes dated of even date herewith but executed prior hereto, one a recourse note in the amount of One Hundred Seventy Five Thousand Dollars ($175,000) (the "GNYHA Recourse Note") and the second a nonrecourse note in the amount of Three Hundred Twenty Thousand Dollars ($320,000) (the "GNYHA Nonrecourse Note") which in part comprise the "Current Contributions" of GNYHA stated on Schedule I and have been included in determining the "01/01/99 Capital Account Balance" of GNYHA stated on Schedule I. The Members agree that to the extent any amount is unpaid with respect to these notes at the maturity dates provided thereby (which in the case of the GNYHA Nonrecourse Note, notwithstanding anything to the contrary contained therein, shall be immediately prior to the earlier of the date of withdrawal of GNYHA from the Company and the date of liquidation of the Company), the Capital Contributions and Capital Account of GNYHA will be reduced by the unpaid amount. The Members further agree that, in the event that any amount remains unpaid at maturity with respect to the GNYHA Recourse Note, GNYHA's Percentage Interest shall be reduced by the percentage determined by dividing the amount of such underpayment by One Million Seventy Thousand Dollars ($1,070,000) and the other Members' Percentage Interests increased proportionately.
Sample 1
CURRENT CONTRIBUTIONS. Contributions to the Fund shall be made in accordance with the provisions of the Industrial Agreement relating to the Fund as published in terms of the relevant sections of the Labour Relations Act, 1956 on the following basis:- (i) Each Member while in service in the Industries shall contribute an amount equal to 6,6% of his Remuneration. Such contributions shall be deducted from his earnings and paid by his Employer to the Metal Industries Benefit Funds Administrators as required by the Industrial Agreement. Such amounts shall be applied as the Member’s Current Contributions. (ii) The Employer shall contribute in respect of each Member in his service in the Industries an amount equal to:- (a) 5,1% of the Member’s Remuneration; plus (b) with effect from 1 January 2000, an additional amount equal to 1,5% of the Member’s Remuneration for such period as the Board in consultation with the Actuary may decide. provided that out of the amounts in (a) and (b) above (aa) the amount required to meet the cost of the death benefit referred to in rule 3 (2) (i)
Sample 1

Related to CURRENT CONTRIBUTIONS

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!