{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "immediately-upon", "type": "clause", "offset": [0, 16]}, {"key": "participant-shall", "type": "definition", "offset": [68, 85]}, {"key": "payroll-deduction", "type": "definition", "offset": [123, 140]}, {"key": "five-percent", "type": "clause", "offset": [142, 154]}, {"key": "pensionable-earnings", "type": "clause", "offset": [174, 194]}, {"key": "section-a", "type": "clause", "offset": [209, 218]}, {"key": "this-article", "type": "definition", "offset": [226, 238]}, {"key": "the-town", "type": "clause", "offset": [243, 251]}, {"key": "equal-to", "type": "definition", "offset": [279, 287]}, {"key": "the-participant", "type": "clause", "offset": [309, 324]}, {"key": "savings-plan-account", "type": "definition", "offset": [369, 389]}], "snippet": "Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings as defined in section A (9) of this Article and the Town shall contribute an amount equal to five percent (5%) of the participant\u2019s Pensionable Earnings to the participant\u2019s Savings Plan account.", "samples": [{"hash": "cr1h6zPbS0s", "uri": "/contracts/cr1h6zPbS0s#mandatory-contributions", "label": "Collective Bargaining Agreement", "score": 31.6647834778, "published": true}, {"hash": "g5SfFHecuhz", "uri": "/contracts/g5SfFHecuhz#mandatory-contributions", "label": "Collective Bargaining Agreement", "score": 29.7660675049, "published": true}, {"hash": "6KQLJ2mvBnn", "uri": "/contracts/6KQLJ2mvBnn#mandatory-contributions", "label": "Collective Bargaining Agreement", "score": 25.7804603577, "published": true}], "size": 15, "hash": "720b7aca7459a5e664203be5eea7ffef", "id": 2}, {"snippet_links": [{"key": "participant-nondeductible-contributions", "type": "clause", "offset": [4, 43]}, {"key": "matching-contributions", "type": "definition", "offset": [57, 79]}, {"key": "the-advisory-committee", "type": "clause", "offset": [109, 131]}, {"key": "separate-accounting", "type": "clause", "offset": [148, 167]}, {"key": "pursuant-to-section", "type": "definition", "offset": [169, 188]}, {"key": "the-plan", "type": "clause", "offset": [197, 205]}, {"key": "the-participant", "type": "clause", "offset": [218, 233]}, {"key": "accrued-benefit", "type": "clause", "offset": [236, 251]}, {"key": "the-employer", "type": "clause", "offset": [294, 306]}, {"key": "agreement-section", "type": "clause", "offset": [323, 340]}, {"key": "distribution-restrictions", "type": "definition", "offset": [369, 394]}, {"key": "will-apply-to", "type": "clause", "offset": [401, 414]}, {"key": "contributions-account", "type": "definition", "offset": [429, 450]}, {"key": "prior-to-the", "type": "clause", "offset": [451, 463]}, {"key": "separation-from-service", "type": "definition", "offset": [478, 501]}, {"key": "article-vi", "type": "definition", "offset": [581, 591]}, {"key": "distribution-of", "type": "clause", "offset": [605, 620]}], "snippet": "Any Participant nondeductible contributions eligible for matching contributions are mandatory contributions. The Advisory Committee will maintain a separate accounting, pursuant to Section 4.06 of the Plan, to reflect the Participant's Accrued Benefit derived from his mandatory contributions. The Employer, under Adoption Agreement Section 4.05, may prescribe special distribution restrictions which will apply to the Mandatory Contributions Account prior to the Participant's Separation from Service. Following his Separation from Service, the general distribution provisions of Article VI apply to the distribution of the Participant's Mandatory Contributions Account.", "samples": [{"hash": "lIMeNt8bRdO", "uri": "/contracts/lIMeNt8bRdO#mandatory-contributions", "label": "Defined Contribution Prototype Plan and Trust Agreement (Direct Focus Inc)", "score": 21.0, "published": true}, {"hash": "ltY0N7KB55C", "uri": "/contracts/ltY0N7KB55C#mandatory-contributions", "label": "Retirement Savings Plan Adoption Agreement (World Acceptance Corp)", "score": 18.0, "published": true}, {"hash": "ldrVegs7KJy", "uri": "/contracts/ldrVegs7KJy#mandatory-contributions", "label": "Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)", "score": 18.0, "published": true}], "size": 45, "hash": "dcb3356469b577ffe2b448bd543c3054", "id": 1}, {"snippet_links": [{"key": "participant-will", "type": "clause", "offset": [20, 36]}, {"key": "mandatory-contribution", "type": "definition", "offset": [59, 81]}, {"key": "defined-in-section", "type": "clause", "offset": [86, 104]}, {"key": "the-plan", "type": "clause", "offset": [113, 121]}, {"key": "equal-to", "type": "definition", "offset": [135, 143]}, {"key": "subsection-6", "type": "clause", "offset": [176, 188]}, {"key": "pursuant-to", "type": "definition", "offset": [216, 227]}, {"key": "employer-contributions", "type": "definition", "offset": [267, 289]}, {"key": "at-all-times", "type": "definition", "offset": [366, 378]}, {"key": "plan-compensation", "type": "clause", "offset": [478, 495]}, {"key": "pay-period", "type": "clause", "offset": [509, 519]}, {"key": "as-designated", "type": "definition", "offset": [570, 583]}, {"key": "the-participant", "type": "clause", "offset": [587, 602]}, {"key": "collective-bargaining-agreement", "type": "clause", "offset": [650, 681]}, {"key": "employment-contract", "type": "definition", "offset": [683, 702]}, {"key": "other-arrangement", "type": "clause", "offset": [706, 723]}, {"key": "the-employee", "type": "clause", "offset": [729, 741]}, {"key": "special-rules", "type": "definition", "offset": [827, 840]}, {"key": "applicable-to", "type": "definition", "offset": [841, 854]}, {"key": "eligibility-requirements", "type": "clause", "offset": [921, 945]}], "snippet": "If elected below, a Participant will be required to make a Mandatory Contribution (as defined in Section 1.76 of the Plan) to the Plan equal to the amount specified under this subsection 6-6. Any amounts contributed pursuant to this subsection 6-6 will be treated as Employer Contributions under the Plan. Such contributions and earnings thereon will be 100% vested at all times.\n(a) The following amounts will be contributed to the Plan as a Mandatory Contribution: \ud83d\udf8e (1) % of Plan Compensation. \ud83d\udf8e (2) $ per pay period.\n(3) Any amount from % to % of Plan Compensation, as designated by the Participant.\n(4) The amount designated under an applicable Collective Bargaining Agreement, employment contract or other arrangement with the Employee.\n(5) Describe amount: [Note: Amount may not exceed 100% of Plan Compensation.] \ud83d\udf8e (b) Special rules applicable to Mandatory Contribution: [Note: Special rules may describe special eligibility requirements and the definitely determinable amounts.]", "samples": [{"hash": "xscfX2vsZr", "uri": "/contracts/xscfX2vsZr#mandatory-contributions", "label": "403(b) Plan Adoption Agreement", "score": 33.7971916199, "published": true}, {"hash": "eMHCk5Rpp86", "uri": "/contracts/eMHCk5Rpp86#mandatory-contributions", "label": "403(b) Plan Adoption Agreement", "score": 31.2213306427, "published": true}, {"hash": "39wtHwRrTw7", "uri": "/contracts/39wtHwRrTw7#mandatory-contributions", "label": "Volume Submitter Governmental 403(b) Plan Adoption Agreement", "score": 30.236114502, "published": true}], "size": 4, "hash": "ddf89dc28a44fd06e9aa2e50d8a9b3a1", "id": 3}, {"snippet_links": [{"key": "provisions-of-this-agreement", "type": "clause", "offset": [15, 43]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [49, 77]}, {"key": "additional-member", "type": "clause", "offset": [135, 152]}, {"key": "equity-funding", "type": "clause", "offset": [187, 201]}, {"key": "pro-forma", "type": "definition", "offset": [235, 244]}, {"key": "equity-contributions", "type": "definition", "offset": [248, 268]}, {"key": "all-construction", "type": "definition", "offset": [305, 321]}, {"key": "in-connection-with", "type": "clause", "offset": [322, 340]}, {"key": "future-development-activities", "type": "clause", "offset": [341, 370]}, {"key": "all-costs", "type": "definition", "offset": [384, 393]}, {"key": "material-development", "type": "definition", "offset": [503, 523]}, {"key": "construction-cost-overruns", "type": "definition", "offset": [635, 661]}, {"key": "approvals-required", "type": "clause", "offset": [739, 757]}, {"key": "this-clause", "type": "clause", "offset": [810, 821]}, {"key": "with-respect-to", "type": "clause", "offset": [941, 956]}, {"key": "the-funding", "type": "clause", "offset": [989, 1000]}, {"key": "construction-funds", "type": "definition", "offset": [1099, 1117]}, {"key": "form-of", "type": "clause", "offset": [1178, 1185]}, {"key": "cash-or-cash-equivalents", "type": "definition", "offset": [1186, 1210]}, {"key": "as-needed", "type": "definition", "offset": [1278, 1287]}, {"key": "the-applicable", "type": "clause", "offset": [1340, 1354]}, {"key": "and-development", "type": "clause", "offset": [1368, 1383]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1464, 1493]}, {"key": "exit-event", "type": "definition", "offset": [1523, 1533]}, {"key": "funding-of-construction", "type": "clause", "offset": [1557, 1580]}, {"key": "operation-of", "type": "clause", "offset": [1633, 1645]}, {"key": "substitute-member", "type": "clause", "offset": [1743, 1760]}, {"key": "pro-rata", "type": "clause", "offset": [1761, 1769]}, {"key": "basis-of", "type": "clause", "offset": [1777, 1785]}, {"key": "capital-interests", "type": "clause", "offset": [1803, 1820]}, {"key": "except-as-provided-in", "type": "clause", "offset": [1827, 1848]}, {"key": "in-order-to", "type": "clause", "offset": [1949, 1960]}, {"key": "operating-deficits", "type": "definition", "offset": [1966, 1984]}, {"key": "the-development", "type": "clause", "offset": [2254, 2269]}, {"key": "in-the-event", "type": "clause", "offset": [2747, 2759]}, {"key": "at-any-time", "type": "clause", "offset": [2765, 2776]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [2796, 2818]}, {"key": "sum-of", "type": "clause", "offset": [2823, 2829]}, {"key": "improvements-to-the-project", "type": "definition", "offset": [2928, 2955]}, {"key": "tenant-improvements", "type": "definition", "offset": [2982, 3001]}, {"key": "aggregate-amount", "type": "definition", "offset": [3015, 3031]}, {"key": "all-purposes", "type": "definition", "offset": [3082, 3094]}, {"key": "required-funding", "type": "definition", "offset": [3230, 3246]}, {"key": "obligation-to", "type": "clause", "offset": [3294, 3307]}, {"key": "to-the-extent", "type": "clause", "offset": [3522, 3535]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [3593, 3619]}, {"key": "section-43", "type": "clause", "offset": [3677, 3688]}, {"key": "examples-1", "type": "definition", "offset": [3693, 3703]}, {"key": "member-parent", "type": "definition", "offset": [3732, 3745]}, {"key": "time-of-the", "type": "clause", "offset": [3818, 3829]}, {"key": "example-1", "type": "clause", "offset": [3844, 3853]}, {"key": "agreement-to-fund", "type": "clause", "offset": [3973, 3990]}, {"key": "required-contributions", "type": "clause", "offset": [4084, 4106]}, {"key": "a-portion", "type": "definition", "offset": [4249, 4258]}, {"key": "example-2", "type": "clause", "offset": [4402, 4411]}, {"key": "example-3", "type": "definition", "offset": [5033, 5042]}, {"key": "respective-affiliates", "type": "definition", "offset": [5479, 5500]}, {"key": "to-pay", "type": "clause", "offset": [5514, 5520]}, {"key": "the-lender", "type": "clause", "offset": [5536, 5546]}, {"key": "construction-loan", "type": "definition", "offset": [5554, 5571]}, {"key": "permanent-financing", "type": "clause", "offset": [5575, 5594]}, {"key": "the-members", "type": "clause", "offset": [5720, 5731]}, {"key": "the-other-member", "type": "definition", "offset": [5778, 5794]}, {"key": "contributions-to", "type": "clause", "offset": [5899, 5915]}, {"key": "capital-account", "type": "definition", "offset": [5920, 5935]}, {"key": "payments-to", "type": "definition", "offset": [5988, 5999]}, {"key": "current-tenants", "type": "definition", "offset": [6046, 6061]}, {"key": "exhibit-i", "type": "definition", "offset": [6087, 6096]}, {"key": "from-the-company", "type": "clause", "offset": [6121, 6137]}, {"key": "tenant-allowances", "type": "definition", "offset": [6171, 6188]}, {"key": "to-tenant", "type": "definition", "offset": [6202, 6211]}, {"key": "prior-to-the", "type": "clause", "offset": [6246, 6258]}, {"key": "exhibit-1", "type": "definition", "offset": [6416, 6425]}, {"key": "upon-written-notice", "type": "clause", "offset": [6454, 6473]}, {"key": "the-managing-member", "type": "clause", "offset": [6479, 6498]}, {"key": "in-clauses", "type": "clause", "offset": [6606, 6616]}, {"key": "member-defaults", "type": "clause", "offset": [6731, 6746]}, {"key": "as-required-by", "type": "clause", "offset": [6820, 6834]}, {"key": "the-right", "type": "clause", "offset": [6884, 6893]}, {"key": "the-obligation", "type": "clause", "offset": [6903, 6917]}, {"key": "sole-and-absolute-discretion", "type": "clause", "offset": [6938, 6966]}, {"key": "without-limiting-the", "type": "clause", "offset": [6972, 6992]}, {"key": "other-rights-and-remedies", "type": "clause", "offset": [7005, 7030]}, {"key": "under-article", "type": "definition", "offset": [7031, 7044]}, {"key": "notice-to", "type": "definition", "offset": [7089, 7098]}, {"key": "a-member", "type": "definition", "offset": [7119, 7127]}, {"key": "equal-to", "type": "definition", "offset": [7165, 7173]}, {"key": "default-contribution", "type": "definition", "offset": [7327, 7347]}, {"key": "members-elect", "type": "definition", "offset": [7677, 7690]}, {"key": "capital-contribution", "type": "definition", "offset": [7832, 7852]}, {"key": "a-loan", "type": "definition", "offset": [7872, 7878]}, {"key": "contributions-required", "type": "clause", "offset": [8182, 8204]}, {"key": "any-loan", "type": "clause", "offset": [8329, 8337]}, {"key": "affiliate-of", "type": "definition", "offset": [8356, 8368]}, {"key": "owned-subsidiary", "type": "clause", "offset": [8417, 8433]}, {"key": "owned-entity", "type": "definition", "offset": [8444, 8456]}, {"key": "the-interest", "type": "definition", "offset": [8676, 8688]}, {"key": "profits-interests", "type": "clause", "offset": [8743, 8760]}, {"key": "a-non", "type": "clause", "offset": [8897, 8902]}, {"key": "promissory-note", "type": "definition", "offset": [8914, 8929]}, {"key": "distributable-cash", "type": "clause", "offset": [9020, 9038]}, {"key": "capital-events", "type": "definition", "offset": [9042, 9056]}], "snippet": "Subject to the provisions of this Agreement:\n(i) Except as otherwise provided in this Section 11.01(b), CBL Member shall contribute as additional Member Funding (A) any and all necessary equity funding that is set forth in an approved Pro Forma as equity contributions from Members/owners to fund any and all construction in connection with Future Development Activities; (B) any and all costs in excess of such amounts of necessary equity funding from Members/owners that do not rise to the level of a Material Development Deviation; and (C) any and all costs in excess of such equity funding necessary to complete such construction (construction cost overruns) that rise to the level of Material Development Deviations and for which the approvals required in Section 5.03 have been obtained (for purposes of this clause (i) and Section 5.03 above, CBL Member and its Affiliates shall be conclusively deemed to have approved any such costs with respect to Future Development Activities) (the funding referenced in subparagraphs (A), (B) and (C) hereof being collectively referred to herein as the \"Construction Funds\"). Such contributions of Construction Funds shall be in the form of cash or cash equivalents and such contributions may be contributed in installments when and as needed in CBL Member's reasonable judgment consistent with the applicable Pro Forma(s) and Development Schedule(s), Member Newco's lender's requirements and the needs of the Project. Notwithstanding the foregoing, from and after a JG Members Exit Event, any additional Member Funding of Construction Funds that CBL Member would thereafter, but for the operation of this sentence, have been required to make shall instead be made by CBL Member and the JG Members Substitute Member pro rata on the basis of their respective Capital Interests.\n(ii) Except as provided in this Section 11.01(b), CBL Member shall contribute as additional Member Funding any and all amounts in order to fund Operating Deficits of Member Newco. Such contributions of funds to cover Operating Deficits shall be in the form of cash or cash equivalents and such contributions may be contributed in installments when and as needed in CBL Member's reasonable judgment consistent with the Pro Forma(s), the Development Schedule(s), the Operating Budget(s) and Member Newco's lender's requirements and the needs of the Project. Notwithstanding the foregoing, from and after a JG Members Exit Event, any additional Member Funding to fund Operating Deficits that CBL Member would thereafter, but for the operation of this sentence, have been required to make shall instead be made by CBL Member and the JG Members Substitute Member pro rata on the basis of their respective Capital Interests.\n(iii) In the event that at any time from and after the date of this Agreement the sum of (A) the aggregate unreturned amount of Mandatory Contributions made by CBL Member to fund capital improvements to the Project (including allowances for tenant improvements) and (B) the aggregate amount of Mandatory Contributions made by CBL Member for all purposes other than funding capital improvements to the Project, whether returned or unreturned, equals or exceeds $30,000,000.00 (the \"Maximum Required Funding\"), CBL Member shall thereafter have no further obligation to make Mandatory Contributions for any purpose, until such time, if ever, that the sum of the amounts described in clause (A) and clause (B) of this paragraph is less than the Maximum Required Funding, and then only to the extent that such sum is less than the Maximum Required Funding. For the avoidance of doubt, the following examples illustrate the operation of this Section 4.3(b) (Examples 1 and 2 below assume that CBL Member Parent has not previously incurred any liability under this Section 4.3 at the time of the example):\n(1) Example 1. If CBL Member had made $5,000,000 in unreturned Mandatory Contributions described in Section 11.01(b)(iii)(A) of this Agreement to fund capital improvements to the Project and $25,000,000 in other Mandatory Contributions and Non-Required Contributions, then CBL Member would have no further obligation to make Mandatory Contributions unless and until Member Newco returned to CBL Member all or a portion of the $5,000,000 in Mandatory Contributions described in Section 11.01(b)(iii)(A) of this Agreement made by CBL Member in this Example 1;\n(2) Example 2. If, after Example 1, Member Newco returned to CBL Member all of the $5,000,000 in Mandatory Contributions described in Section 11.01(b)(iii)(A) of this Agreement made by CBL Member in Example 1 and returned $7,000,000 of the $25,000,000 in other Mandatory Contributions and Non-Required Contributions made by CBL Member in Example 1, then CBL Member's obligation to make additional Mandatory Contributions would be limited to $5,000,000, i.e., the amount of Mandatory Contributions described in Section 11.01(b)(iii)(A) of this Agreement made by CBL Member in Example 1 and returned to CBL Member in this Example 2;\n(3) Example 3. If, after Example 2, CBL Member made $5,000,000 in Mandatory Contributions described in Section 11.01(b)(iii)(B), CBL Member would have no further obligation to make any Mandatory Contributions of any kind, whether or not Member Newco thereafter returned to CBL Member any Mandatory Contributions of any kind that CBL Member had previously made.\n(iv) In the event that CBL Member or its Affiliate and/or any of the JG Members or their respective Affiliates are required to pay any amounts to the lender of any Construction Loan or Permanent Financing/Refinancing on account of any guarantee provided to such lender, the amount of any such payments (after adjusting as between the Members for any contribution received from or made to the other Member or the other Member's Affiliates, as contemplated by Section 3.04 above) shall be credited as Mandatory Contributions to the Capital Account of the Member who made or whose Affiliate made such payments to such lender.\n(v) In the event that any of the current tenants of the Project listed on Exhibit I-B attached hereto claim from the Company after the date of this Agreement tenant allowances with respect to tenant improvements made by such tenants prior to the date of this Agreement, the JG Members, pro rata, shall provide additional Member Funding, up to the respective amounts for each such tenant as set forth on Exhibit 1-2 attached hereto, promptly upon written notice from the Managing Member (the \"JG Members Subsequent TA Contributions\").\n(vi) The additional Member Funding of CBL Member described in clauses (i) and (ii) of this Section 11.01(b) are hereinafter referred to as \"CBL Member Mandatory Contributions\". If CBL Member defaults in its obligation to make any CBL Member Mandatory Contribution when and as required by this Section 11.01(b), the JG Members shall have the right, but not the obligation, in the JG Members' sole and absolute discretion, and without limiting the JG Members' other rights and remedies under Article XX below, upon ten (10) days' prior written notice to CBL Member, to make a Member Funding to Member Newco in an amount equal to the amount of the CBL Member Mandatory Contribution that CBL Member has failed to make (such Member Funding by the JG Members, a \"JG Members Substituted Default Contribution\"), if, by the end of such ten (10)-day period, CBL Member has not contributed the defaulted CBL Member Mandatory Contribution to Member Newco.\n(vii) All additional Member Funding required to be made by CBL Member, and/or the JG Members Substitute Member hereunder and all JG Members Substituted Default Contributions that the JG Members elect to make hereunder and JG Members Subsequent TA Contributions that the JG Members are required to make hereunder may be made in the form of a capital contribution to Member Newco or a loan to Member Newco. All additional Member Funding required to be made by CBL Member and/or the JG Members Substitute Member under this Section 11.01 and all JG Members Substituted Default Contributions, if any, elected to be made by the JG Members under this Section 11.01 and all JG Members Subsequent TA Contributions required to be made by the JG Members under this Section 11.01 are collectively referred to herein as the \"Mandatory Contributions\". Any loan may be made by an Affiliate of a Member but only if such Affiliate is a wholly-owned subsidiary or wholly-owned entity of the Member. Any Mandatory Contributions made in the form of a capital contribution shall be credited to the Capital Account of the Member making such Mandatory Contribution and shall be entitled to a return equal to the Interest/Return, but shall not affect or modify the respective Profits Interests of any of the Members. Any Mandatory Contributions made in the form of a loan to Member Newco shall be unsecured, shall be evidenced by a non-negotiable promissory note, shall bear interest at a rate equal to the Interest/Return and shall be repaid only from Distributable Cash or Capital Events Distributions as set forth below.", "samples": [{"hash": "fut1q6US4kO", "uri": "/contracts/fut1q6US4kO#mandatory-contributions", "label": "Limited Liability Company Agreement (CBL & Associates Properties Inc)", "score": 18.0, "published": true}], "size": 4, "hash": "c0688031781da108352b8a0df860607e", "id": 4}, {"snippet_links": [{"key": "the-company-has", "type": "clause", "offset": [37, 52]}, {"key": "inability-to-pay", "type": "definition", "offset": [96, 112]}, {"key": "carry-on", "type": "definition", "offset": [170, 178]}, {"key": "aggregate-liabilities", "type": "definition", "offset": [202, 223]}, {"key": "aggregate-assets", "type": "definition", "offset": [240, 256]}, {"key": "each-case", "type": "definition", "offset": [266, 275]}, {"key": "the-foregoing", "type": "definition", "offset": [279, 292]}, {"key": "the-owners", "type": "definition", "offset": [362, 372]}, {"key": "capital-deficiency", "type": "definition", "offset": [412, 430]}, {"key": "contribution-period", "type": "clause", "offset": [465, 484]}, {"key": "after-receiving", "type": "clause", "offset": [487, 502]}, {"key": "the-board-of", "type": "clause", "offset": [520, 532]}, {"key": "cash-contribution", "type": "clause", "offset": [579, 596]}, {"key": "equal-to", "type": "definition", "offset": [639, 647]}, {"key": "ownership-percentage", "type": "definition", "offset": [661, 681]}, {"key": "by-the-company", "type": "clause", "offset": [751, 765]}, {"key": "as-required", "type": "clause", "offset": [766, 777]}, {"key": "operations-and-obligations", "type": "clause", "offset": [796, 822]}, {"key": "to-provide", "type": "clause", "offset": [842, 852]}, {"key": "majority-approval", "type": "clause", "offset": [923, 940]}, {"key": "in-the-event", "type": "clause", "offset": [946, 958]}, {"key": "an-owner", "type": "clause", "offset": [959, 967]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1029, 1048]}, {"key": "defaulting-owner", "type": "definition", "offset": [1072, 1088]}, {"key": "the-company-shall", "type": "clause", "offset": [1092, 1109]}, {"key": "notice-of", "type": "definition", "offset": [1118, 1127]}, {"key": "failure-to", "type": "clause", "offset": [1133, 1143]}, {"key": "other-owners", "type": "clause", "offset": [1148, 1160]}, {"key": "in-cash", "type": "definition", "offset": [1262, 1269]}, {"key": "pro-rata-portion", "type": "clause", "offset": [1274, 1290]}, {"key": "based-on", "type": "definition", "offset": [1292, 1300]}, {"key": "the-capital-contribution", "type": "clause", "offset": [1451, 1475]}, {"key": "in-exchange", "type": "clause", "offset": [1653, 1664]}, {"key": "issued-by", "type": "definition", "offset": [1687, 1696]}, {"key": "the-promissory-note", "type": "clause", "offset": [1710, 1729]}, {"key": "lesser-of", "type": "definition", "offset": [1757, 1766]}, {"key": "applicable-rate", "type": "definition", "offset": [1771, 1786]}, {"key": "annual-rate", "type": "definition", "offset": [1802, 1813]}, {"key": "applicable-law", "type": "clause", "offset": [1827, 1841]}, {"key": "and-interest", "type": "clause", "offset": [1842, 1854]}, {"key": "monthly-basis", "type": "clause", "offset": [1921, 1934]}, {"key": "the-principal-amount", "type": "definition", "offset": [1936, 1956]}, {"key": "accrued-but-unpaid-interest", "type": "definition", "offset": [1985, 2012]}, {"key": "prior-to", "type": "clause", "offset": [2124, 2132]}, {"key": "other-distribution", "type": "clause", "offset": [2149, 2167]}, {"key": "to-any-holder", "type": "definition", "offset": [2183, 2196]}, {"key": "equity-interests", "type": "definition", "offset": [2204, 2220]}, {"key": "to-receive", "type": "definition", "offset": [2263, 2273]}, {"key": "common-stock", "type": "definition", "offset": [2377, 2389]}, {"key": "contribution-to-the-company", "type": "clause", "offset": [2449, 2476]}, {"key": "the-product", "type": "definition", "offset": [2625, 2636]}, {"key": "total-stockholders", "type": "definition", "offset": [2718, 2736]}, {"key": "equity-of-the-company", "type": "definition", "offset": [2738, 2759]}, {"key": "audited-financial-statements-of-the-company", "type": "definition", "offset": [2780, 2823]}, {"key": "calendar-year", "type": "clause", "offset": [2843, 2856]}, {"key": "divided-by", "type": "clause", "offset": [2974, 2984]}, {"key": "equity-issuance", "type": "definition", "offset": [3177, 3192]}, {"key": "following-the", "type": "definition", "offset": [3339, 3352]}, {"key": "for-illustrative-purposes", "type": "clause", "offset": [3405, 3430]}, {"key": "sample-calculation", "type": "definition", "offset": [3434, 3452]}, {"key": "with-respect-to", "type": "clause", "offset": [3453, 3468]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [3514, 3540]}, {"key": "an-election", "type": "clause", "offset": [3542, 3553]}, {"key": "election-of-remedies", "type": "clause", "offset": [3636, 3656]}, {"key": "available-to", "type": "definition", "offset": [3739, 3751]}, {"key": "cure-or-waiver", "type": "clause", "offset": [3834, 3848]}, {"key": "article-ii", "type": "clause", "offset": [3909, 3919]}], "snippet": "(a) If the Board has determined that the Company has, or is at immediate risk of having, (i) an inability to pay its debts as they become due, (ii) inadequate capital to carry on its business, or (iii) aggregate liabilities that exceeds it aggregate assets, then in each case of the foregoing clauses (i), (ii) and (iii), the Board may provide written notice to the Owners of the amount of such deficiency (the \u201cCapital Deficiency\u201d). Within fifteen (15) days (the \u201cContribution Period\u201d) after receiving such notice from the Board of a Capital Deficiency, each Owner shall make a cash contribution (a \u201cCapital Contribution\u201d) to the Company equal to such Owner\u2019s Ownership Percentage multiplied by the Capital Deficiency, which amount shall be utilized by the Company as required for then existing operations and obligations. Any determination to provide written notice to the Owners of a Capital Deficiency shall be made by Majority Approval.\n(b) In the event an Owner fails to make all or part of a Capital Contribution required pursuant to Section 2.1(a) (such Owner, a \"Defaulting Owner\"), the Company shall provide notice of that failure to the other Owners (each a \"Super Contributing Owner\") and each such other Owner may elect to contribute to the Company in cash its pro rata portion (based on its Ownership Percentage calculated excluding any holdings of the Defaulting Owner or any other Owner not electing to make a Capital Contribution) of the Capital Contribution which the Defaulting Owner failed to contribute (a \u201cSuper Contribution\u201d). If a Super Contributing Owner elects to make a Super Contribution, the Super Contribution may be given in exchange for a promissory note issued by the Company. The promissory note shall bear interest at the lesser of the Applicable Rate or the highest annual rate permitted by applicable Law and interest shall be paid by the Company to the Super Contributing Owner on a monthly basis. The principal amount of the promissory note plus accrued but unpaid interest thereon shall be paid by the Company to the Super Contributing Owner as promptly as possible, but in any event prior to any dividend or other distribution by the Company to any holder of its Equity Interests.\n(c) If a Super Contributing Owner elects to receive equity in exchange for its Super Contribution (rather than a promissory note), the Company shall issue common stock to the Super Contributing Owner in exchange for such Super Contribution to the Company such that such Super Contributing Owner\u2019s Ownership Percentage after such issuance will be equal to the quotient of (x) the Super Contribution plus the product of (A) the Super Contributing Owner\u2019s Ownership Percentage multiplied by (B) the total stockholders\u2019 equity of the Company as set forth in the audited financial statements of the Company for the end of the calendar year immediately preceding the Super Contribution plus the gain/loss in the calendar year the Super Contribution is made, divided by (y) the total stockholders\u2019 equity of the Company as set forth in the audited financial statements of the Company for the end of the calendar year in which the Super Contribution is made. Any equity issuance contemplated by this Section 2.1(c) will be made promptly after the audited financial statements of the Company for the calendar year immediately following the applicable Super Contribution are available. Solely for illustrative purposes, a sample calculation with respect to the foregoing is set forth on Exhibit A.\n(d) For the avoidance of doubt, an election by a Super Contributing Owner to make a Super Contribution will not constitute an election of remedies or limit the Super Contributing Owner in any manner in seeking any other remedies available to it pursuant to Law. Furthermore, a Super Contribution shall not be construed as a cure or waiver with respect to a Defaulting Owner\u2019s obligations under this Article II.", "samples": [{"hash": "kRnZ84ff0zT", "uri": "/contracts/kRnZ84ff0zT#mandatory-contributions", "label": "Stockholders Agreement", "score": 31.4950675964, "published": true}, {"hash": "9APJYfuGonq", "uri": "/contracts/9APJYfuGonq#mandatory-contributions", "label": "Stockholders Agreement", "score": 28.2704486847, "published": true}], "size": 3, "hash": "9c465f95fafd4866c03a8d27ba7a5d56", "id": 5}, {"snippet_links": [{"key": "tax-contributions", "type": "clause", "offset": [19, 36]}, {"key": "mandatory-pre", "type": "clause", "offset": [97, 110]}], "snippet": "a. Mandatory After-Tax Contributions are permitted.\ni. \u25a1 Yes\nii. \u25a1 Formerly Allowed iii. \u2611 No\nb. Mandatory Pre-Tax Contributions are permitted.\ni. \u25a1 Yes ii. \u25a1 Formerly Allowed iii. \u2611 No", "samples": [{"hash": "5cUWalGlyLq", "uri": "/contracts/5cUWalGlyLq#mandatory-contributions", "label": "Adoption Agreement", "score": 25.7816562653, "published": true}], "size": 3, "hash": "5ee961f631218b859b685858a59532c3", "id": 6}, {"snippet_links": [{"key": "participant-nondeductible-contributions", "type": "clause", "offset": [4, 43]}], "snippet": "Any Participant nondeductible contributions eligible for matching", "samples": [{"hash": "hXwdB6sAmHj", "uri": "/contracts/hXwdB6sAmHj#mandatory-contributions", "label": "Retirement Savings Plan Adoption Agreement (Autobytel Com Inc)", "score": 18.0, "published": true}, {"hash": "2ogg4cVkWmX", "uri": "/contracts/2ogg4cVkWmX#mandatory-contributions", "label": "Adoption Agreement (Schuler Homes Inc)", "score": 18.0, "published": true}], "size": 2, "hash": "be39619cd38838de55e8b73d176ed6c7", "id": 7}, {"snippet_links": [{"key": "the-board-of-managers", "type": "clause", "offset": [28, 49]}, {"key": "capital-needs", "type": "clause", "offset": [83, 96]}, {"key": "other-needs", "type": "definition", "offset": [101, 112]}, {"key": "of-the-company", "type": "clause", "offset": [114, 128]}, {"key": "notice-to", "type": "definition", "offset": [172, 181]}, {"key": "each-member", "type": "definition", "offset": [182, 193]}, {"key": "additional-capital-contributions", "type": "clause", "offset": [224, 256]}, {"key": "in-order-to", "type": "clause", "offset": [336, 347]}, {"key": "the-business-plan", "type": "clause", "offset": [418, 435]}, {"key": "applicable-budget", "type": "definition", "offset": [437, 454]}, {"key": "other-transaction", "type": "definition", "offset": [459, 476]}, {"key": "approved-by-the-members", "type": "definition", "offset": [477, 500]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [538, 561]}, {"key": "to-the-members", "type": "clause", "offset": [617, 631]}, {"key": "pro-rata", "type": "clause", "offset": [632, 640]}, {"key": "according-to", "type": "definition", "offset": [641, 653]}, {"key": "percentage-interests", "type": "clause", "offset": [669, 689]}, {"key": "at-the-time", "type": "clause", "offset": [690, 701]}, {"key": "terms-and-conditions-for", "type": "clause", "offset": [739, 763]}, {"key": "all-members", "type": "clause", "offset": [764, 775]}, {"key": "in-cash", "type": "definition", "offset": [827, 834]}, {"key": "transfer-of", "type": "definition", "offset": [843, 854]}, {"key": "immediately-available-funds", "type": "clause", "offset": [855, 882]}, {"key": "days-after", "type": "definition", "offset": [916, 926]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [940, 969]}, {"key": "mandatory-capital-contributions", "type": "clause", "offset": [975, 1006]}, {"key": "in-aggregate", "type": "definition", "offset": [1023, 1035]}, {"key": "initial-capital-contributions", "type": "clause", "offset": [1051, 1080]}], "snippet": "As reasonably determined by the Board of Managers from time-to-time to satisfy the capital needs (or other needs) of the Company, the Board of Managers may provide written notice to each Member requiring each Member to make additional Capital Contributions on such terms and conditions as the Board of Managers may reasonably determine in order to satisfy capital needs (or other needs) of the Company consistent with the Business Plan, applicable Budget, or other transaction approved by the Members or Board of Managers pursuant to the terms of this Agreement; provided, however, that any such demand shall be made to the Members pro rata according to their relative Percentage Interests at the time such request is made and on the same terms and conditions for all Members. The Members shall make such Capital Contributions in cash by wire transfer of immediately available funds, no later than ten (10) business days after such notice. Notwithstanding the foregoing, the mandatory Capital Contributions for all Members in aggregate (including the Initial Capital Contributions) shall not exceed the Mandatory Capital Contributions Cap.", "samples": [{"hash": "2IKrsRuWfQZ", "uri": "/contracts/2IKrsRuWfQZ#mandatory-contributions", "label": "Limited Liability Company Agreement", "score": 31.3408622742, "published": true}, {"hash": "2KpoILPzDeX", "uri": "/contracts/2KpoILPzDeX#mandatory-contributions", "label": "Limited Liability Company Agreement (Coinstar Inc)", "score": 23.3162212372, "published": true}], "size": 2, "hash": "c55fb830021d2cce3a756cc9685a1c38", "id": 8}, {"snippet_links": [{"key": "an-employee-who", "type": "clause", "offset": [0, 15]}, {"key": "year-of-service", "type": "definition", "offset": [44, 59]}, {"key": "payroll-deduction", "type": "definition", "offset": [115, 132]}, {"key": "based-on", "type": "definition", "offset": [133, 141]}, {"key": "annual-salary", "type": "clause", "offset": [142, 155]}, {"key": "directed-to", "type": "definition", "offset": [231, 242]}, {"key": "the-\u2587", "type": "clause", "offset": [243, 248]}], "snippet": "An employee who is age 30 or over and has 1 year of service is automatically enrolled into the RC Plan with a 3.5% payroll deduction based on annual salary. This pre- tax contribution is matched at 100% by the museum and cannot be directed to the \u2587\u2587\u2587\u2587 option.", "samples": [{"hash": "8c15HNx0tYS", "uri": "/contracts/8c15HNx0tYS#mandatory-contributions", "label": "403(b) Retirement Savings Plan Salary Deduction Agreement", "score": 20.4654350281, "published": true}], "size": 2, "hash": "6b7fbf0a4904ff7590999a4ab6ee5fae", "id": 9}, {"snippet_links": [{"key": "the-trust-fund", "type": "clause", "offset": [24, 38]}, {"key": "to-provide", "type": "clause", "offset": [58, 68]}, {"key": "accrued-benefit", "type": "clause", "offset": [103, 118]}, {"key": "the-participant", "type": "clause", "offset": [140, 155]}, {"key": "contributions-to-the-plan", "type": "clause", "offset": [168, 193]}, {"key": "pursuant-to-article-ix", "type": "clause", "offset": [203, 225]}], "snippet": "The remaining assets of the Trust Fund shall be allocated to provide that portion of each individual\u2019s Accrued Benefit that is derived from the Participant\u2019s Mandatory Contributions to the Plan, if any, pursuant to Article IX.", "samples": [{"hash": "k0QTC1uuxAT", "uri": "/contracts/k0QTC1uuxAT#mandatory-contributions", "label": "Bargaining Unit Pension Plan and Trust Agreement (Blonder Tongue Laboratories Inc)", "score": 25.2436695099, "published": true}], "size": 1, "hash": "42afc623c5026e7f1e286b8e8b79313d", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBtYW5kYXRvcnktY29udHJpYnV0aW9ucyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["deferral-contributions", "DEFERRAL CONTRIBUTIONS"], ["matching-contributions", "MATCHING CONTRIBUTIONS"], ["annual-elective-deferral-limitation", "ANNUAL ELECTIVE DEFERRAL LIMITATION"], ["nonelective-contributions", "NONELECTIVE CONTRIBUTIONS"], ["basic-contributions", "BASIC CONTRIBUTIONS"]], "parents": [["matching-contributions-employee-contributions", "MATCHING CONTRIBUTIONS/EMPLOYEE CONTRIBUTIONS"], ["termination", "Termination"], ["employment-not-guaranteed", "EMPLOYMENT NOT GUARANTEED"], ["town-of-greenwich-retirement-savings-plan", "Town of Greenwich Retirement Savings Plan"], ["duties-of-insurance-company", "DUTIES OF INSURANCE COMPANY"]], "title": "Mandatory Contributions", "size": 101, "id": "mandatory-contributions", "related": [["catch-up-contributions", "Catch-Up Contributions", "Catch-Up Contributions"], ["payment-of-contributions", "Payment of Contributions", "Payment of Contributions"], ["additional-contributions", "Additional Contributions", "Additional Contributions"], ["voluntary-contributions", "Voluntary Contributions", "Voluntary Contributions"], ["company-contributions", "Company Contributions", "Company Contributions"]], "related_snippets": [], "updated": "2025-07-24T04:27:57+00:00", "also_ask": ["What mechanisms ensure enforceability of mandatory contributions in court?", "Which drafting elements are essential to prevent ambiguity or loopholes?", "How can parties negotiate contribution caps or exceptions to limit exposure?", "What are the most common risks or fatal flaws in mandatory contribution clauses?", "How do mandatory contribution provisions compare across relevant jurisdictions?"], "drafting_tip": "Specify contribution amounts, deadlines, and consequences for non-payment to ensure clarity, timely compliance, and enforceability.", "explanation": "The Mandatory Contributions clause requires parties, typically members or shareholders of an entity, to provide specified financial or other resources as outlined in the agreement. This clause details the amount, timing, and method of contributions, and may address consequences for failure to contribute, such as loss of rights or penalties. Its core function is to ensure that the entity receives the necessary funding or resources to operate effectively and to allocate responsibility among the parties for meeting these obligations."}, "json": true, "cursor": ""}}