Statutory Contributions Sample Clauses

Statutory Contributions. The Employer shall remit statutory contributions for Canada Pension Plan, Employment Insurance and Workers' Compensation Board premiums.
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Statutory Contributions. The Company shall be responsible for making all statutory contributions (including provident fund and gratuity fund) as per the Rules. For avoidance of doubt, it is clarified that, notwithstanding anything contained in the Rules, the Company will not be required to make any contributions towards superannuation fund or annuity fund.
Sample 1
Statutory Contributions. 5.8.1 The Company shall be responsible for making all statutory contributions (including provident fund and gratuity fund) as per the Rules. For avoidance of doubt, it is clarified that, notwithstanding anything contained in the Rules, the Company will not be required to make any contributions towards superannuation fund or annuity fund. 5.8.2 In relation to the Company, any (i) guaranteed bonus entitlement of Xx Xxxxxxx as per Clause 5.6 above; (ii) salary in lieu of notice payable to Xx Xxxxxxx in terms of this Agreement; and/or (iii) pension benefit available to Xx Xxxxxxx in terms of Clause 5.9 of this Agreement shall be adjusted or reduced to the extent of the balance lying to the credit of the provident fund account of Xx Xxxxxxx, any gratuity entitlement of Xx Xxxxxxx and/or to the extent of any contribution made as required by the Applicable Laws, in terms of which benefit accrues to Xx Xxxxxxx.
Sample 1
Statutory Contributions. 14.5.1. Statutory contributions including ENIC and WTR shall be paid by the Supplier (or where applicable, by the Approved Sub-Contractor utilised in the execution of the Contract) as required by Law. The Supplier (or where applicable, an Approved Sub-Contractor utilised in the execution of the Contract) shall ensure that: 14.5.1.1. where it is responsible to account for PAYE Income Tax or ENIC to HMRC it does so; or 14.5.1.2. where it is not responsible to make such payment, for example, in the case of a self-employed Temporary work-seeker or Limited Company Temporary work-seeker who has not opted out of the Conduct Regulations (within IR35 legislation), the Supplier instead passes on the relevant ENIC element of the Total Hourly Charge Rate excluding VAT to the Temporary work-seeker informing that Temporary work- seeker that the PAYE Income Tax or ENIC element has been included in the sum paid in his Total Wage Costs and that he shall be responsible for all taxes and deductions payable to HMRC. 14.5.2. In the event that the Supplier (or where applicable, an Approved Sub- Contractor utilised in the execution of the Contract) engages any Corporate body for the supply of an individual Temporary work-seeker, the Supplier (or where applicable, an Approved Sub-Contractor utilised in the execution of the Contract) shall include in its contract with such Corporate body obligations on the body corporate to: 14.5.2.1. make appropriate deductions (if any) and account properly for ENIC; and 14.5.2.2. comply fully with its obligations under WTR. 14.5.3. The element of the Total Hourly Charge Rate which is the WTR Element shall be paid by the Supplier (where the Supplier is Introducing the Temporary work- seeker himself) (or where applicable, the Approved Sub-Contractor utilised in the execution of the Contract by the Approved Sub-Contractor) as required by Law. 14.5.4. The element of the Total Hourly Charge Rate which is ENIC shall be paid by the Supplier (where the Supplier is Introducing the Temporary work-seeker himself) (or where applicable, the Approved Sub-Contractor utilised in the execution of the Contract by the Approved Sub-Contractor) as required by Law. 14.5.5. For PAYE Temporary work-seekers supplied, there is a preference for ENIC to be charged at the actual rate, taking into account the amount of National Insurance contribution due on amounts earned, over and above the earnings threshold, i.e. allowing for the National Insurance-free period. The Suppli...
Sample 1
Statutory Contributions. The Contractor will become a member of the Employees’ Provident Fund. The Company will contribute 12% of the consolidated salary of the Contractor to the Employees Provident Fund and 3% of the Contractor’s consolidated salary to the Employees Trust Fund during every month of engagement under this contract. The Contractor is required to contribute 8% of the Contractor’s consolidated salary to the Employees’ Provident Fund every month. Any such other or further deductions as may be required by any law shall be made accordingly.
Sample 1

Related to Statutory Contributions

  • 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.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

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

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • 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.

  • 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.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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

  • 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.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

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