GTS Contribution Sample Clauses

GTS Contribution. GTS shall consummate, or shall cause to be consummated, the GTS Contribution on or prior to September 30, 1997. This obligation of GTS will constitute "Senior Indebtedness" under that certain indenture noted as of July 14, 1997 between GTS and The Bank of New York relating to GTS' Senior Subordinated Convertible Bonds due 2000, and will be incurred pursuant to clause (c) of the second paragraph of the "Limitation of Indebtedness" covenant. If GTS fails to comply with the foregoing covenant, the Holders and the Company shall each be entitled to commence proceedings against GTS and to seek to compel performance and any other remedies available under law. GTS agrees that this covenant is part of the consideration for purchase of the Securities. SIGNATURES
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GTS Contribution. GT shall in exchange for 980 shares, contribute research and development services (as set forth in Section 6.4.2 below); expertise and services regarding the manufacturing of nicotine gum (as set forth in Section 6.4.1); consulting services of Gary Kehoe (as set forth in Xxction 4.3.1 above); an agreement not to compete in the area of non-tobacco nicotine products (as set forth in Section 7 below); all Intellectual Property (as defined below) owned or controlled by Gary Kehoe, GT or anx xx xxx xxxxxxxxxx; be responsible for securing U.S. governmental approvals for the manufacture of the nicotine gum and assist the Venture Company to the best of its ability in getting approvals in the U.S. and in the rest of the world.
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Related to GTS Contribution

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Initial Contribution The capital contributions to be made by the Member and with which the Company shall begin business are as follows: Member Name Contribution Membership Interest Century Land Holdings, LLC $ 1,000.00 100 %

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • EMPLOYEE CONTRIBUTIONS [X] (a) Participants shall be permitted to make Elective Deferrals in any amount from 1 % up to 15 % of their Compensation. If (a) is applicable, Participants shall be permitted to amend their Salary Savings Agreements to change the contribution percentage as provided below:

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

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