Mandatory Contribution Sample Clauses

Mandatory Contribution. If the Class A Limited Partners receive a Liquidity Event Notice in respect of an IPO or Qualified IPO (a “Participation Event”), then (i) all Class A Limited Partners shall contribute all of their outstanding Class A Units, and (ii) the members of the General Partner shall contribute the General Partner, to the Class B Limited Partner in connection therewith at the instruction of the Class B Limited Partner pursuant to a Contribution Agreement that is in the form attached hereto as Exhibit B.
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Mandatory Contribution. If the Class A Member receives a “Liquidity Event Notice” in respect of an IPO or a Qualified IPO, the Class A Member shall contribute all of its outstanding Class A Units to the Class B Member in connection therewith at the instruction of the Class B Member, pursuant to a Contribution Agreement that is in the form attached hereto as Exhibit B.
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Mandatory Contribution. NTL CC shall ensure that the cash proceeds (net of any related expenses) of any equity or Financial Indebtedness raised by any member of the Covenant Group shall be applied as follows: 19.22.1 to the extent that such amount is required, pursuant to the Working Capital Facility to be applied in mandatory prepayment of the amount outstanding thereunder, such amount shall be invested in the Parent by way of Subordinated Funding and so applied in mandatory prepayment of the amount outstanding under the Working Capital Facility; 19.22.2 to the extent that such amount is required, pursuant to the Working Capital Facility to be applied in mandatory cancellation of the Working Capital Facility, such amount shall be invested in the Parent by way of Subordinated Funding and onlent by way of Parent Funding to members of the UK Group (other than the Parent); 19.22.3 to the extent that such amount is not required pursuant to the Working Capital Facility to be applied in mandatory prepayment or cancellation thereof: (a) from the Acquisition Date up to (and including) 31 December 2003, 662/3 per cent. of the aggregate amount of such cash proceeds; and (b) at all times thereafter, 75 per cent. of the aggregate amount of such cash proceeds, in each case other than Excluded Contributions, shall be contributed to the Parent by way of Subordinated Funding. The Parent shall in turn ensure that any such Subordinated Funding received by it is contributed to the other members of the UK Group by way of Parent Funding.
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Mandatory Contribution. An annual contribution shall be made during the first pay period after July 1 of each year and shall equal the amount as set forth in Article 48, currently $400 per year.
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Mandatory Contribution. 4 1.34 Master Or Prototype Plan . . . . . . . . . . . . . . . . . . . . . . . 4 1.35 Maximum Permissible Amount . . . . . . . . . . . . . . . . . . . . . . 5 1.36 Net Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Mandatory Contribution. An Employee contribution which was not tax-deductible when made and which was required for participation in the Plan. These contributions may no longer be made to the Plan, for Plan Years beginning after the Plan Year in which this Plan is adopted (or restated) by the Employer.
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Mandatory Contribution. 22.16.1 New NTL shall ensure that the cash proceeds (net of any related expenses) of any equity or Financial Indebtedness raised by any member of the Covenant Group (other than from another member of the Covenant Group (but without prejudice to New NTL's obligations under this Clause 22.16 in respect of any equity or Financial Indebtedness raised by such other member of the Covenant Group other than from another member of the Covenant Group)) shall be applied as follows: (a) to the extent that such amount is required, pursuant to the Working Capital Facility, to be applied in mandatory prepayment of the amount outstanding thereunder, such amount shall be invested in the Parent by way of Subordinated Funding and so applied in mandatory prepayment of the amount outstanding under the Working Capital Facility (in accordance with the terms thereof); (b) to the extent that such amount is not required pursuant to the Working Capital Facility to be applied in mandatory prepayment thereof: (i) up to (and including) 31 December 2003, 662/3 per cent. of the aggregate amount of such cash proceeds; and (ii) at all times thereafter, 75 per cent. of the aggregate amount of such cash proceeds, in each case other than: -100- (1) Excluded Contributions; and (2) any Financial Indebtedness of the type referred to at paragraph (c) of the definition of Financial Indebtedness where the relevant Hedging Agreement is an agreement in respect of an interest rate swap or a currency swap in respect of Financial Indebtedness raised by any member of the Covenant Group which is an Excluded Contribution or which has been applied in accordance with this Clause 22.16 provided that the relevant Hedging Agreement was entered into for bona fide protection against fluctuations in interest or currency rates, the relevant Hedging Agreement does not (whether intended or not) create the same or a similar economic benefit for the relevant member of the Covenant Group as an agreement to borrow money or to raise finance or an agreement which otherwise has the same commercial effect as a borrowing and the relevant Hedging Agreement was entered into on terms (including rates) which could reasonably be regarded as market standard for a company of comparable standing to the member of the Covenant Group which is party to the relevant Hedging Agreement at the time at which the Hedging Agreement was entered into provided further that the exclusion at this paragraph (2) does not include any amounts payable to...
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Mandatory Contribution. All employees hired on or after July 1, 2008, who have completed one (1) Year of Eligibility Service and have reached age 25 are required, as a condition of employment, to make contributions to the Plan equal to 3% of Compensation. A Year of Eligibility Service is a 12-month period measured from your date of hire in which you are credited with at least 1,000 Hours of Service. If you were paid for less than 1,000 hours in that period, you will be credited with a Year of Eligibility Service whenever you complete 1,000 hours or more in any Plan Year following your date of hire. If you meet the eligibility requirements above, effective 01/01/2021 the University will make a Discretionary Match and/or Non-Elective contribution on your behalf as determined by the Plan Administrator in their sole discretion. Percent of Internal Use Compensation Are you required to make a Mandatory Contribution? Employees hired on or after 7/1/2008 who meet eligibilitycriteria. (Non-Elective Deferral) _% (If yes, 3%) Has employee met Year of Eligibility service? ORIGINAL HIRE DATE: Voluntary Pre-tax Contributions (Elective Deferral) + % (non-mandatory) TOTAL PERCENTAGE OF SALARY REDUCTION - PRE-TAX (Total of both Non-Elective and ElectiveDeferrals) = _% (TOTAL) TOTAL of above mandatory and voluntary contributions. XXXX -After-Tax (XXXX Contributions are for Unmatched Funds only) % Unmatched contributions can be invested in the GSRA. Please choose one option below: Percent of Internal Use Compensation GSRA – Unmatched voluntary contribution – PRE-TAX % GSRA – unmatched voluntary contribution – POST-TAX XXXX % Signed this day of , 20 _. (Employee Signature) By University (Name) (Title)
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Related to Mandatory Contribution

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • 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.

  • 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.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • 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.

  • 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. PART I. [OPTIONS (a) THROUGH (d)].

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

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