Industry Contribution Clause Samples

The Industry Contribution clause defines the obligations of a party to provide financial or other resources to support a specific industry initiative or collective effort. Typically, this clause outlines the amount, timing, and method of contribution, and may specify whether the contribution is monetary, in-kind, or a combination of both. Its core practical function is to ensure that all relevant parties share the costs or resources necessary for industry-wide projects, promoting fairness and collaboration while preventing free-riding.
Industry Contribution. Effective May 12, 2013, each Employer shall contribute to the Millwright Regional Council of Ontario Benefit Trust Fund for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, twenty cents ($0.20) per hour for each hour earned by each Employee; forty cents ($0.40) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
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Industry Contribution. Remove the options that are not applicable: Option 1 (Program Cost Model) INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 [Full cost] plus GST. AMSI to raise this invoice within five working days of this agreement being executed. Option 2 (Up-front External Funding model) Program cost total is $XX,000 plus GST INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST. AMSI to raise this invoice within five working days of this agreement being executed. External Funding Partner INSERT FUNDING PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST. AMSI to raise this invoice within five working days of this agreement being executed. Option 3 (Program cost – instalment model) Program cost total is $XX,000 plus GST. To be paid in two instalments as follows: Instalment One – Payable prior to Start date INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST (Amount 50% of total cost of internship – to be deleted). AMSI to raise this invoice within five Item Details working days of this agreement been executed. INSERT INDUSTRY PARTNER’S NAME to pay invoice prior to the start date of this internship. Instalment Two - Midpoint INSERT INDUSTRY PARTNER’S NAME to be invoiced by AMSI a total of $XX,000 plus GST (Remaining 50% of total cost of internship – to be deleted). AMSI to raise this invoice ENTER NUMBER FROM 2 to 3 months from the Start Date.
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Industry Contribution. Effective May 16, 2010, each Employer shall contribute to the Millwright Regional Council of Ontario Benefit Trust Fund for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, fifteen cents ($0.15) per hour for each hour earned by each Employee; thirty cents ($0.30) per hour shall be contributed for all overtime hours. Effective September 5, 2010, each Employer shall contribute twenty cents ($0.20) per hour for each hour earned by each Employee; fourty cents ($0.40) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
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Industry Contribution. Effective May 10, 2022, each Employer shall contribute to the Millwright Trust Funds for the Association Industry Fund, to be distributed by the Board of Trustees to the Association, twenty-three cents ($0.23) per hour for each hour earned by each Employee; forty-six cents ($0.46) per hour shall be contributed for all overtime hours. Costs of DeNovo/Secretariat are included.
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Industry Contribution. Effective August 10, 1998, each Employer shall contribute to the Millwright Benefit Trust Funds for the Association Industry Fund, twelve cents per hour for each hour earned by each Employee; twenty-four cents per hour shall be contributed for all overtime hours. Cost of De Novo/ Secretariat are in- cluded.
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Related to Industry Contribution

  • 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.

  • Voluntary Contributions Subrecipient must assure that voluntary contributions shall be allowed and may be solicited in accordance with the following requirements [OAA § 315(b)]: 1. The Subrecipient or any subcontractors for any Title III or Title VII-A services shall not use means tests. 2. Any Title III or Title VII-A client that does not contribute toward the cost of the services received shall not be denied services. 3. Methods used to solicit voluntary contributions for Title III and Title VII-A services shall be non-coercive. 4. Each service provider will: a) Provide each recipient with an opportunity to voluntarily contribute to the cost of the service. b) Clearly inform each recipient that there is no obligation to contribute and that the contribution is purely voluntary. c) Protect the privacy and confidentiality of each recipient with respect to the recipient’s contribution or lack of contribution; and d) Establish appropriate procedures to safeguard and account for all contributions. e) Use all collected contributions to expand the services for which the contributions were given and to supplement (not supplant) funds received under this program.

  • Member Contributions Each Member and the Manager further acknowledges that it may contribute ideas, knowledge, know-how and, potentially, Confidential Information of such disclosing Member or the Manager to the Company, the employees, agents or contractors of the Company. Each disclosing Member or the Manager shall retain ownership of such Confidential Information but grants to only the Company, not to the individual(s) to whom the information was disclosed in his/her respective personal capacity(ies), the limited right to use such Confidential Information solely and exclusively for the benefit of the Company, and not any individual Member other than the disclosing Member; and each Member and the Manager other than the discloser promises and agrees to not use Confidential Information of a disclosing Member or the Manager for any purpose whatsoever except in connection with the Company and except with the written consent of both the disclosing Member and the Company. For purposes of this Section X, all references to the Company shall include its Affiliates.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.