TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION Sample Clauses

TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. Unless otherwise provided by contract or law, the Employer may make its contribution to the Plan for a particular Plan Year at such time as the Employer, in its sole discretion, determines. If the Employer makes a contribution for a particular Plan Year after the close of that Plan Year, the Employer will designate to the Administrator the Plan Year for which the Employer is making its contribution.
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TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. The Employer shall generally pay to the Trustee its contribution to the Plan for each Plan Year within the time prescribed by law, including extensions of time, for the filing of the Employer's federal income tax return for the Fiscal Year. However, Employer Elective Contributions accumulated through payroll deductions shall be paid to the Trustee as of the earliest date on which such contributions can reasonably be segregated from the Employer's general assets, but in any event within ninety (90) days from the date on which such amounts would otherwise have been payable to the Participant in cash. The provisions of Department of Labor regulations 2510.3-102 are incorporated herein by reference. Furthermore, any additional Employer contributions which are allocable to the Participant's Elective Account for a Plan Year shall be paid to the Plan no later than the twelve-month period immediately following the close of such Plan Year.
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TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. The Employer shall pay to the Insurer (or Trustee, if applicable) its contribution to the Plan as soon as administratively feasible, but no later than the time required by law to be considered an Annual Addition (as defined in Section 4.04(d)) for the Plan Year to which the Employer contribution is attributed. For purposes of this section, contributions must be made to the Plan no later than the 15th day of the tenth calendar month following the end of the Plan Year with or within which the limitation year ends, or such other time as specified under Code Section 415 and the Regulations thereunder.
Sample 1
TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. Unless otherwise provided by contract or law, the Employer may make its contribution to the Plan for a particular Plan Year at such time as the Employer, in its sole discretion, determines. However, if pursuant to Section 12.8, the "ADP test safe harbor contribution" being made to the Plan (including a contribution being made pursuant to a QACA as described in Section 12.9) is a matching contribution that is made on a basis other than the Plan Year, then the matching contributions must be contributed to the Plan by the last day of the Plan Year quarter immediately following the Plan Year quarter to which the contributions relate. If the Employer makes a contribution for a particular Plan Year after the close of that Plan Year, the Employer will designate to the Administrator the Plan Year for which the Employer is making its contribution.
Sample 1
TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. Employer contributions will be paid in cash, Company Stock or other property as the Employer may from time to time determine. Company Stock and other property will be valued at their then fair market value. The Employer shall pay to the Trustee its contribution to the Plan for each Plan Year within the time prescribed by law, including extensions of time, for the filing of the Employer's federal income tax return for the Fiscal Year. 4.3
Sample 1
TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. The Employer shall pay to the Trustee its contribution to the Plan foe each Plan Year within the time prescribed by law, including extensions, for the filing of the Employer's federal income tax return for its corresponding Fiscal Year. ACCOUNTING AND ALLOCATIONS: The Administrator shall establish and maintain an account in the name of each Participant to which the Administrator shall credit as of each Anniversary Date all amounts allocated to each such Participant as hereafter set forth. The assets of the Trust Fund will be valued annually at fair market value as of the last day of the Plan Year. On such date, the earnings and losses of the Trust Fund will be allocated to each Participant's Account in the ratio that such account balance bears to all account balances. The Employer shall provide the Administrator with all information required by the Administrator to make a proper allocation of the Employer Contribution and Forfeitures for each Plan year. Within 45 days after the date of receipt by the Administrator of such information, the Administrator shall allocate such contributions and Forfeitures to each Participant's Account in accordance with the term of the Plan. The value of assets of the Trust Fund shall be based on: (a) the fair market value of the assets of the Trust Fund (other than Contracts) determined as of the later of the date of the event which gave rise to the distribution, or the date of liquidation of assets if such liquidation is necessary in order to make a distribution' and (b) the cash surrender value of the Contracts determined as of the date of such annual valuation. Participants' Accounts shall be debited for any premiums paid on insurance or annuity Contracts and credited with any cash dividends received on insurance Contracts pursuant to the term of such Contracts. As of each Anniversary Date, any amounts which became Forfeitures since the preceding Anniversary Date shall be used to reduce the Employer's contribution for the Plan Year in which such Forfeitures occur in the case of either a Money Purchase Plan or an Assumed Benefit Plan. Any Participant who completed a Year of Service and during the Plan Year terminated employment, died, incurred a Total and Permanent Disability, or retired shall share in the allocations as provided in the Adoption Agreement. If a Former Participant is reemployed after a Break in Service, separate accounts shall be maintained as follows: one account for nonforfeitable benefits attributable to ...
Sample 1
TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION. The Employer shall pay to the Trustee its contribution to the Plan foe each Plan Year within the time prescribed by law, including extensions, for the filing of the Employer's federal income tax return for its corresponding Fiscal Year.
Sample 1
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Related to TIME OF PAYMENT OF EMPLOYER'S CONTRIBUTION

  • Time-Off Benefits Spinco shall credit each Spinco Participant with the amount of accrued but unused vacation time, sick time and other time-off benefits as such Spinco Participant had with the MSG Networks Group as of the Distribution Date or as of an employee’s transfer date for an MSG Networks Employee who becomes a Spinco Employee prior to the Service Crediting Date. MSG Networks shall credit each MSG Networks Participant with the amount of accrued but unused vacation time, sick time and other time-off benefits as of an employee’s transfer date for a Spinco Employee who becomes an MSG Networks Employee prior to the Service Crediting Date. Notwithstanding the above, Spinco shall not be required to credit any Spinco Participant and MSG Networks shall not be required to credit any MSG Networks Participant with any accrual to the extent that a benefit attributable to such vacation time, sick time and other time-off benefits is paid by the MSG Networks Group or Spinco Group, respectively.

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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