Common use of Star Contribution Guarantees Clause in Contracts

Star Contribution Guarantees. (i) The Star will make an absolute undertaking that it will not withdraw any surplus from the Pension Plan. (ii) As at January 1, 1987, and at any time beyond, The Star's contribution to the Pension Fund will, at minimum, match the regular contributions of its employees. This does not necessarily mean that The Star will match employee contributions dollar for dollar in any given year but that on a cumulative basis The Star will always be in a position of having contributed as much or more than the total amount of employee regular contributions over the life of the Pension Plan. (It should be understood that in some years The Star will be required to contribute more than the employees in order to cover deficits or to pay for enhancements and in other years The Star might be required to contribute less if the Plan is in a surplus position and The Star's cumulative contributions after January 1, 1987 exceed the regular contributions of its employees).

Star Contribution Guarantees. (i) The Star will make an absolute undertaking that it will not withdraw any surplus from the Pension Plan. (ii) As at January 1, 1987, and at any time beyond, The Star's contribution to the Pension Fund will, at minimum, match the regular contributions of its employeesEmployees. This does not necessarily mean that The Star will match employee Employee contributions dollar for dollar in any given year but that on a cumulative basis The Star will always be in a position of having contributed as much or more than the total amount of employee Employee regular contributions over the life of the Pension Plan. (It should be understood that in some years The Star will be required to contribute more than the employees Employees in order to cover deficits or to pay for enhancements and in other years The Star might be required to contribute less if the Plan is in a surplus position and The Star's cumulative contributions after January 1, 1987 exceed the regular contributions of its employeesEmployees).

Star Contribution Guarantees. (i) The Star will make an absolute undertaking that it will not withdraw any surplus from the Pension Plan. (ii) . As at January 1, 1987, and at any time beyond, The Star's contribution to the Pension Fund will, at minimum, match the regular contributions of its employees. This does not necessarily mean that The Star will match employee contributions dollar for dollar in any given year but that on a cumulative basis The Star will always be in a position of having contributed as much or more than the total amount of employee regular contributions over the life of the Pension Plan. (It should be understood that in some years The Star will be required to contribute more than the employees in order to cover deficits or to pay for enhancements and in other years The Star might be required to contribute less if the Plan is in a surplus position and The Star's cumulative contributions after January 1, 1987 exceed the regular contributions of its employees).