Investment contribution Sample Clauses

Investment contribution. Each Contract year, the School Corporation shall provide an additional Eight Thousand Dollar ($8,000.00) contribution annually to purchase a retirement annuity for the Superintendent, which contribution shall be treated as deferred compensation pursuant to the current 401(a) Plan, or alternatively for the same contribution amount within the current 403(b) Plan as permitted. The Superintendent’s ownership of said annuity contributions shall fully vest at the end of the fifth (5th) full year of employment, with cliff vesting in 20% increments each year prior to the end of fifth (5th) full year. For example, after the first full year of employment, the Superintendent’s ownership of the annuity will be 20%, and then 40% after the second year of employment, and so on continuing forward until the full five-year vesting period is complete. Prior to the completion of each year and vesting period, the Superintendent shall not have access to the assets held in his separate Plan account and only will obtain access or percentage ownership upon completing the years and applicable vesting period. The minimum amount set forth herein may be increased by the School Corporation and Board of Trustees in future Contract years provided the increase is granted in accordance with applicable law. Nothing in this Contract shall require the School Corporation and Board of Trustees in any Contract year to increase the contribution to the Superintendent’s plan. Any future increase in the contribution to the Superintendent’s plan will be at the sole discretion of the School Corporation and Board of Trustees.
Sample 1
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Investment contribution. The Lessor is willing to provide an investment contribution of at most €927,000, excluding VAT, in addition to the abovementioned rent-free period. This investment contribution is intended for the Lessee’s refurbishment work. The investment contribution can only be paid if all of this lease’s conditions precedent have been met and the Lessee has provided the Lessor with written proof of the investments made in the Leased Property.
Sample 1

Related to Investment contribution

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • 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.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • The Contribution 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • 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.

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