Member ContributionFinancial Contributions Sample Clauses

Member ContributionFinancial Contributions. The Board shall consider and give approval to SNOCOM’s annual budget prior to October 1 of the preceding year; provided that the Board may, by resolution, set a revised deadline as required. The Board shall advise the Member Agencies of the program and objectives of the budget, the financial participation of each Member Agency and the planned use of reserves for the ensuing year. No expenditures outside an approved budget may be made by SNOCOM without express Board approval.prior Board approval, except in a declared emergency. In the event of a declared emergency, any expenditure made outside of the approved budget shall be presented to the Chair as soon as practicable, and to the full board at the next regular meeting. Any and all revenues received by SNOCOM shall be placed in accounts approved by the Board. (1) The allocation of financial participation between Member Agencies shall be determined as follows: (i) The annual budget shall be split 1/3 to the fire dispatch function and 2/3 to the police dispatch function. (ii) All Member Agencies participating in the fire dispatch function shall be allocated the cost of that function as follows: the 2004 (and each subsequent year) fixed costs of 46% of the fire dispatch function budget share (1/3 of the total budget) shall be allocated 1/2 based on population for the ensuing year (as determined by the State Census Bureau for the current year and with boundaries to be those existing as of the date of the census approval), and 1/2 of the 46% based on the assessed valuation within each Member Agency’s jurisdiction (as certified by the Snohomish County Assessor for the ensuing year); the variable cost which is 54% of the total fire dispatch budget share shall be allocated to Member Agencies based on the number of fire dispatchable calls and referral calls for their jurisdictions during the past year. (iii) All Member Agencies participating in the police dispatch function shall be allocated the cost of that function as follows: the 2004 (and each subsequent year) fixed costs of 46% of the police dispatch function budget share (2/3 of the total budget) shall be allocated 1/2 based on population for the ensuing year (as determined by the State Census Bureau for the current year and with boundaries to be those existing as of the date of the census approval), and 1/2 of the 46% based on the assessed valuation within each Member Agency’s jurisdiction (as certified by the Snohomish County Assessor for the ensuing year);...
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Related to Member ContributionFinancial Contributions

  • FINANCIAL CONTRIBUTIONS (§5.d): Owner shall use reasonable efforts to seek contributions and grants from Capital Metro Transit Authority (CMTA) and Xxxxxx County.

  • 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.

  • Financial contribution 1. The Union shall pay Seychelles a financial contribution in accordance with the terms and conditions laid down in the implementing Protocol to this Agreement. That contribution shall consist of two related elements, namely: (a) access to the Seychelles fishing zone and fisheries resources, without prejudice to the access costs borne by the ship- owners; and (b) Union's financial support for reinforcing responsible fishing policy and the sustainable exploitation of fisheries resources in Seychelles' waters. 2. The component of the financial contribution for the sectoral support referred to in point (b) of paragraph 1 shall be independent of the payments regarding access costs and shall be determined and managed in the light of the objectives identified by mutual consent between the Parties in accordance with the implementing Protocol to this Agreement, to be achieved in the context of the sectoral fisheries policy of Seychelles and the annual and multi-annual programme for its implementation. 3. The financial contribution granted by the Union shall be paid each year in accordance with the implementing Protocol to this Agreement and subject to this Agreement: (a) the amount of the contribution referred to in point (a) of paragraph 1 may be revised by the Joint Committee in respect of: (i) exceptional circumstances, other than natural phenomena, preventing fishing activities in the Seychelles fishing zone; (ii) a reduction in the fishing opportunities granted to Union vessels, made by mutual agreement between the Parties for the purposes of managing the stocks concerned, where this is considered necessary for the conservation and sustainable exploitation of resources on the basis of the best available scientific advice; (iii) an increase in the fishing opportunities granted to Union vessels, made by mutual agreement between the Parties where the best available scientific advice concurs that the state of resources so permits; (b) the amount of the contribution referred to in point (b) of paragraph 1 may be revised as a result of a reassessment of the terms of the financial contribution for implementing the sectoral fisheries policy of Seychelles, where this is warranted by the specific results of the annual and multiannual programming observed by both Parties; (c) the contribution referred to in paragraph 1 may be suspended as a result of the application of Article 16 or 17 of this Agreement.

  • Member Capital Contributions (Check One)

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • 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.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • 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.

  • 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.

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