Election not to contribute Sample Clauses

Election not to contribute. Notwithstanding that a Participant has or is deemed to have elected not to contribute to a Program under paragraph 7.4, it shall nevertheless, subject to paragraphs 7.9 and 8.1, be entitled to elect to participate in and contribute to future Programs under this agreement.
Sample 1
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Election not to contribute. (a) An employee may, by advice in writing to the General Manager, elect not to make a personal superannuation contribution to their nominated superannuation fund. Any election to cease personal superannuation contributions must be permitted in accordance with the relevant fund requirements or rules. (b) Where an employee elects to discontinue their personal superannuation contribution, the employee is required to provide written advice from a licensed financial advisor stating that the effect of the employee’s decision has been explained and, in particular, that the employee understands and accepts that their retirement benefits may be adversely affected by their decision. (c) The employee, by virtue of this Agreement, waives their right to any and all actions or claims arising from their election to cease personal superannuation contributions, however caused. This clause acts as a complete bar to any and all claims by or on behalf of an employee alleging breach of any applicable industrial instrument, statutory provision or employer duty arising from the employee’s election to discontinue personal superannuation contributions.
Sample 1
Election not to contribute. Notwithstanding that a Participant has or is deemed to have elected not to contribute to a Program under section 10.6, it shall, unless its Participating Interest has been converted to a Net Profits Royalty Interest or been terminated pursuant to this Agreement, be entitled to elect to participate in and contribute to future Programs.
Sample 1

Related to Election not to contribute

  • FAILURE TO CONTRIBUTE Pursuant to Section 00-00-000 of the Act, any contribution must be satisfied by the Member within sixty (60) days from the date of the call for capital. If a Member fails to make its required contributions to the Company, then the other Members may seek enforcement of the obligation to contribute capital. Any remedy under the Act may be pursued, including allowing the individual to become a Member without a transferable interest, provided there is unanimous consent from all Members who have satisfied their contribution obligations.

  • Payment to Contractor The TOWN agrees to pay at the rates specified for SERVICES satisfactorily performed in accordance with this contract. Unless otherwise specified, the CONTRACTOR shall submit an itemized invoice to the TOWN by the end of the month during which SERVICES are performed. Payment will be processed promptly upon receipt and approval by the TOWN of the invoice.

  • Agreement to Continue in Force Both Parties shall adhere fully to the terms of this Agreement during the period of bona fide collective bargaining.

  • Am I Eligible to Contribute to a Traditional IRA?

  • Compensation to Contractor The terms related to the price of the goods and/or services to be provided under this Agreement and the terms of payment to the Contractor are described in more detail in Attachment “B” to this Agreement: Price and Payment Information.

  • Payment to Consultant Upon receipt of a properly prepared invoice and confirmation that the Required Services detailed in the invoice have been satisfactorily performed, City shall pay Consultant for the invoice amount within thirty (30) days. Payment shall be made in accordance with the terms and conditions set forth in Exhibit A and section 2.4, below. At City’s discretion, invoices not timely submitted may be subject to a penalty of up to five percent (5%) of the amount invoiced.

  • No Contribution Each Designated Shareholder waives, and acknowledges and agrees that he shall not have and shall not exercise or assert (or attempt to exercise or assert), any right of contribution, right of indemnity or other right or remedy against the Surviving Corporation in connection with any indemnification obligation or any other liability to which he may become subject under or in connection with this Agreement or the Designated Shareholders' Closing Certificate.

  • Freedom to Contract The Executive represents that he is free to enter into this Agreement and carry out his obligations hereunder without any conflict with any prior agreements, and that he has not made and will not make any agreement in conflict with this Agreement.

  • Right to Contest Borrower, at its own expense, may contest by appropriate legal proceedings, conducted diligently and in good faith, the amount or validity of any Imposition other than Insurance premiums and Ground Rent (if applicable), if: (i) Borrower notifies Lender of the commencement or expected commencement of such proceedings, (ii) the Mortgaged Property is not in danger of being sold or forfeited, (iii) if Borrower has not already paid the Imposition, Borrower deposits with Lender reserves sufficient to pay the contested Imposition, if requested by Lender, and (iv) Borrower furnishes whatever additional security is required in the proceedings or is reasonably requested by Lender, which may include the delivery to Lender of reserves established by Borrower to pay the contested Imposition.

  • RIGHT TO CONTINUED EMPLOYMENT Nothing in the Plan or this Agreement shall confer on you any right to continue in the employ of the Company or any subsidiary or affiliate of the Company or any specific position or level of employment with the Company or any subsidiary or affiliate of the Company or affect in any way the right of the Employer to terminate your employment without prior notice at any time for any reason or no reason.

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