Section Payment of Dues and Contributions Sample Clauses

Section Payment of Dues and Contributions. The Company agrees to make required remittances to the Union for union dues, the Administrator of the Health and Welfare Plan, the Administrator of the Pension Plan and the Administrator of any other program to which the Company is required to make contributions this Agreement in accordance with the appropriate article or appendix to this Agreement. The Company agrees to hold in trust, until remitted, all due and payable in respect of union dues, the health and welfare plan, the pension plan, and any other plan which the Company is obliged to make contributions pursuant to this Agreement and shall be liable as such, for failure to remit for any reason including, but not limited to liquidation, assignment or bankruptcy of the Company.
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Section Payment of Dues and Contributions. The Company agrees to make remittances to the Union for union dues, administrator the health and welfare plan to which the Company is required make under this Agreement accordance with appropriate or appendix to this Agreement. The Company agrees to in until remitted, all respect of union dues, the health and welfare plan to which the Company is make pursuant this Agreement and shall be liable, as such, failure for any reason but not limited to liquidation, assignment or bankruptcy of the Company. Section Agreement The Company agrees that it shall be bound by the terms and of the Agreement and Declaration of Trust (the Trust Agreement) covering the health and welfare to which the is required to make pursuant this Agreement. Delinquency
Sample 1
Section Payment of Dues and Contributions. The Company agrees to make remittances to the Union for union dues, the administrator of the health and welfare plan, the administrator of the plan and the administrator of any other program to which the Company is required to make contributions under this Agreement in accordance with the appropriate or appendix to this Agreement. The to hold in all payable dues, the health welfare the pension and any plan which the Company is obliged to make contributions pursuant to Agreement and shall be as such, for failure to remit for any reason including, but not limited to liquidation, assignment or bankruptcy of the Section Trust Agreement The Company agrees that it shall be bound by the and conditions of the Agreement and Declaration of Trust (the Trust Agreement) the health and welfare plan, the pension plan and any other plan to which the Company is required to contributions to this Agreement. Section Delinquency
Sample 1

Related to Section Payment of Dues and Contributions

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

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

  • Additional Payments (i) Anything in this Agreement to the contrary notwithstanding, if it is determined that any payment, award, benefit or distribution (or any acceleration of any payment, award, benefit or distribution) by the Company or any entity which effectuates a change in control (or other change in ownership) to or for the benefit of Executive would be subject to the excise tax imposed by Section 4999 of the Code (“EXCESS PARACHUTE PAYMENTS”), or any interest or penalties are incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “EXCISE TAX”), then the Company shall pay to Executive an additional payment (a “GROSS-UP PAYMENT”) in an amount equal to that required to result in Executive receiving, after application of the Excise Tax, a net amount that would have been received hereunder had the Excise Tax not applied. (ii) Subject to clause (i), all determinations required to be made under this Section, including whether and when a Gross-Up Payment is required, the amount of such Gross-Up Payment and the assumptions to be used in arriving at such determinations, shall be made by a public accounting firm that is selected by the Board (the “ACCOUNTING FIRM”) which shall provide detailed supporting calculations both to the Company and Executive within 15 business days of the receipt of notice from the Company or Executive that there has been a Excess Parachute Payment, or such earlier time as is requested by the Company or Executive (collectively, the “DETERMINATION”). All fees and expenses of the Accounting Firm shall be borne solely by the Company and the Company shall enter into any agreement requested by the Accounting Firm in connection with the performance of the services hereunder. The Gross-Up Payment under SECTION 3.2(c) with respect to any Excess Parachute Payments made to Executive shall be made no later than 30 days following such Excess Parachute Payment. (iii) As a result of the uncertainty in the application of Section 4999 of the Code at the time of the Determination, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“UNDERPAYMENT”) or Gross-Up Payments will be made by the Company which should not have been made (“OVERPAYMENT”), consistent with the calculations required to be made hereunder. If Executive thereafter is required to make payment of any Excise Tax or additional Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) shall be promptly paid by the Company to or for the benefit of Executive. If the amount of the Gross-Up Payment exceeds the amount necessary to reimburse Executive for his Excise Tax, the Accounting Firm shall determine the amount of the Overpayment that has been made and any such Overpayment (together with interest at the rate provided in Section 1274(b)(2) of the Code) shall be promptly paid by Executive to or for the benefit of the Company. Executive shall cooperate, to the extent his expenses are reimbursed by the Company, with any reasonable requests by the Company in connection with any contest or disputes with the Internal Revenue Service in connection with the Excise Tax. The Company shall in any event pay any Underpayment due to Executive no later than 15 days after the earlier of (A) the Company’s receipt of Executive’s notice of the amount of related taxes to be paid, or (B) Executive’s remittance of the related taxes to the applicable taxing authority; provided that any reimbursement required under this SECTION 3.2(c) of expenses incurred by Executive due to a tax audit or litigation addressing the existence or amount of a tax liability shall be paid no later than 15 days after the earlier of (X) Executive’s presentation of a statement of any such expense, or (Y) the taxes that are the subject of such contest are remitted to the applicable taxing authority, or where as a result of the audit or contest no taxes are remitted, the date on which the audit is completed or there is a final and nonappealable settlement or other resolution of the contest.

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