REMUNERATION OF THE CONTRIBUTION Sample Clauses

REMUNERATION OF THE CONTRIBUTION. 6.1 In remuneration of the Net Assets contributed and subject to the satisfaction or release of the Conditions Precedent, the Contributing Company shall be allocated on the Completion Date 89,161,110 fully paid-up new shares of a nominal value of 0.50 Euro each, created through a share capital increase of the Beneficiary Company of 44,580,555 Euro together with a contribution premium of 39,308,338.30 Euro (the Remuneration). The Remuneration is determined on the basis of the actual value of the Net Assets contributed of approximately 1.4 billion Euro (valuing the Beneficiary Company at approximately 2 billion Euros following the Contribution, after taking into account tax consolidation) and the actual value of the Beneficiary Company, i.e. approximately 259 million Euro, for 16,500,000 shares, i.e. approximately 15.72 Euro (rounded off) per share. These figures calculated as at 30 June 2016 in accordance with the valuation methods set forth in Schedule (E), corresponds to a net total value of the transferred Activity and of the Beneficiary Company of approximately 6.5 billion Euro (excluding cash and financial indebtedness). The share capital of the Beneficiary Company will thus be modified from 8,250,000 Euro to 52,830,555 Euro, divided into 105,661,110 fully paid-up shares with a nominal value of 0.50 Euro each, all of the same class. The 89,161,110 new shares shall be subject to all the provisions of the articles of association of the Beneficiary Company, and shall enjoy the same rights as the old shares, subject to the date of enjoyment thereof. All these new shares shall negotiable as soon as the share capital increase of the Beneficiary Company has been definitively completed in remuneration of the Contribution of the Contributing Company, in accordance with the provisions of Article L. 228-10 of the Commercial Code.
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REMUNERATION OF THE CONTRIBUTION. From the 24th month of issue of this Instrument, the Investor will be entitled to a remuneration of the contribution, equivalent to percentage in Reference multiplied by profit from the Society, that will have to be paid at the same time as the payment of the distribution of profits among the shareholders. The balance of the Company’s Profit, after payment of the remuneration of the Contribution, may be distributed among the Category A Shareholders. For the purposes of this Instrument, “Profit “ corresponds to the Company’s result to be distributed to the Shareholders pursuant to the applicable corporate legislation .
Sample 1

Related to REMUNERATION OF THE CONTRIBUTION

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • 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.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • 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.

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

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