Final Contributions Clause Samples
Final Contributions. Any Member, which was a participant in a program of PACT shall be responsible for any additional amount of contributions as determined by the Board in accordance with a Loss allocation formula as necessary for final disposition of all claims arising from losses under that program during the Member's period of participation.
Final Contributions. The contribution shown on the Declarations page, schedules, and endorsements is an estimate. The final contribution will be determined after this agreement ends by using the actual, not the estimated, contribution basis and the proper classification and rates that lawfully apply to the business and work covered by this agreement. If the final contribution is more than the contribution you paid to us, you must pay us the balance. If it is less, we will refund the balance to you. The final contribution will not be less than the highest minimum contribution for the classifications covered by this agreement.
1. If we cancel, final contributions will be calculated pro rata based on the time this agreement was in force. Final contribution will not be less than the pro rate share of the minimum contribution.
2. If you cancel, final contribution will be more than pro rate; it will be based on the time this agreement was in force, and increased by our short rate cancellation table and procedure. Final contribution will not be less than the minimum contribution.