Warrant Distribution Sample Clauses

Warrant Distribution. Salary warrants for employees covered by this Agreement will be made available by the end of the last working day of the calendar month for which payment is due.
Sample 1
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Warrant Distribution. 5 2 Salary Placement Verification ....................................................................................................... 5 2 California Credential Requirement ....................................................................................................... 5 Part-time Employment With Full Retirement Credit (Reduced Service Employment Plan for Employees Fifty-five [55] Years or More of Age) ....................................................................................................... 5 Half-time Employment (Contract Sharing) ....................................................................................................... 5 XV SALARY PROVISIONS 56 Salary Schedule ......................................................................................... 56 Length of School Year ....................................................................................................... 5 6 Earned Anniversary Increment ................................................................... 56 Employee Mileage Reimbursement ....................................................................................................... 5 7 Salary Increases ......................................................................................... 57 10/12 Pay Option ....................................................................................................... 5 XVI EMPLOYEE BENEFITS 58 General Provisions ....................................................................................................... 5 8 Unused Benefit Monies ....................................................................................................... 5 9 Benefit Year ....................................................................................................... 5 New Employees ....................................................................................................... 5 9 Table of Contents (continued) Prorated Benefits ....................................................................................................... 5 Benefit Year Qualification 5 9 Benefit Selection Sheets ....................................................................................................... 5 Certificated Non-management Employee Flexible Spending Account Plan 5 Insurance Plan ....................................................................................................... 6 0 Retirement .........................................................
Sample 1
Warrant Distribution. Shareholders that are U.S. Persons but who are not Qualified U.S. Shareholders will not receive any Warrants pursuant to the Warrant Distribution. Such non-Qualified U.S. Shareholders will have their Warrants issued to and held on their behalf by the Warrant Agent and subsequently sold by the Warrant Agent on behalf of such non-Qualified U.S. Shareholders on a best efforts basis as soon as practicable after the date hereof, at the price or prices it determines in its absolute discretion through one or more brokers that the Warrant Agent normally transacts its business (or such other broker(s) as the Corporation and the Warrant Agent may agree). No charge will be imposed for Warrants sold through the Warrant Agent except for brokerage commissions, any taxes and any other fees incurred by the Warrant Agent in respect of such sales. The Corporation authorizes the Warrant Agent to convert all of the net cash proceeds from the sale of Warrants to U.S. dollars at the rate of conversion available to it at its typical banking institution on the date that the funds are converted and each of the Corporation and non-Qualified U.S. Shareholders fully acknowledge and agree that any change or fluctuation in the currency exchange rates of the United States or Canada will be at the sole risk of the Corporation and non- Qualified U.S. Shareholders. The net cash proceeds therefrom will be divided pro-rata among the non-Qualified Shareholders and the Warrant Agent shall deliver, via regular mail as soon as reasonably practicable thereafter, cheques to such non-Qualified U.S. Shareholders (unless such cash proceeds are less than U.S.$10.00, in which case such net cash proceeds shall be delivered by the Warrant Agent to the Corporation to be held in trust and made available for pick- up at the offices of the Corporation or mailing by the Corporation, as applicable).
Sample 1

Related to Warrant Distribution

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Trust Account; Distributions On or before the issuance of the Certificates, Xxxxxx Xxx shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Trust Fund that shall collectively be the “Trust Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Trust Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Lower Tier Regular Classes and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Trust Fund Certificates or

  • When Must Distributions from a Traditional IRA Begin You must begin receiving the assets in your account no later than April 1 following the calendar year in which you reach RMD age.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax. 10) Qualified birth or adoption. Payments from your IRA for the birth of your child or the adoption of an eligible adoptee will not be subject to the 10 percent early distribution penalty tax if the distribution is taken during the one-year period beginning on the date of birth of your child or the date on which your legal adoption of an eligible adoptee is finalized. An eligible adoptee means any individual (other than your spouse’s child) who has not attained age 18 or is physically or mentally incapable of self-support. The aggregate amount you may take for this reason may not exceed $5,000 for each birth or adoption. You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes or to claim a penalty tax exception.

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Tax Distributions Tax distributions shall be made not less often than quarterly to each Member at the times (other than at the time of a Terminating Capital Event) necessary to provide the Members with sufficient minimum cash distributions to pay an amount equal to their quarterly estimated (and final annual) tax liabilities for all taxable periods directly related to taxable income (in excess of losses allocated to such Member for all prior periods) reportable by such Member as set forth on U.S. Schedule K-1 with respect to such Member’s interest in the LLC (including with respect to any year in which such Member sold its interest, whether during or after employment); provided, however, that each of the foregoing amounts shall be determined, in the case of a Member that is itself a pass-through entity, as if the equity owners of such Member were themselves Members of the LLC; and, provided, further, that the amount of such distributions shall be computed assuming the highest combined federal and state individual income tax rate in Texas and assuming (unless federal tax law is amended to provide otherwise) state taxes are deductible federally (such distributions, “Tax Distributions”) and shall take into account any amounts withheld and remitted to any tax authority by the LLC pursuant to any Withholding Tax Act as described in Section 7(k). Tax Distributions shall also be made within 30 days after the receipt of a final assessment with respect to any federal or state income tax audit of the LLC’s income tax returns. Tax Distributions shall be treated as advances of distributions that would otherwise be made in the absence of provisions of this Section 6(c), and distributions made pursuant to Section 6(a) shall be taken into account in determining the amount to be distributed pursuant hereto. If, following the end of any Fiscal Year, the LLC determines that it has made Tax Distributions to a Member that exceed the amount of distributions that would otherwise have been made to such Member with respect to such Fiscal Year in the absence of this Section 6(c), the LLC shall be authorized to recover such excess amount by reducing future distributions to such Member; provided, however, that the LLC shall retain the right, exercisable in its discretion, to recover any unpaid portion of such excess amount directly from such Member (or former Member). For the avoidance of doubt, it is the meaning and intention of this Section 6(c) that Tax Distributions shall fully and timely fund the federal and state income tax liability attributable to any taxable income (in excess of losses allocated to a Member for all prior periods) reportable by a Member as set forth on U.S. Schedule K-1 with respect to such Member’s LLC Interest (or, if such Member is itself a pass-through entity, the equity owners thereof), and, to the extent that Tax Distributions do not fully achieve this result, the LLC shall use reasonable efforts to accelerate or increase Tax Distributions accordingly, including, if reasonably practicable, following the occurrence of a Terminating Capital Event if the timing of the winding up and dissolution of the LLC following such Terminating Capital Event is such that income tax liability on amounts to be distributed on account thereof must be paid by the Members in the interim, and provided, however, that it shall not be deemed reasonable for the LLC to accelerate or increase Tax Distributions in the event that doing so would result in the LLC’s failing to have reasonable working capital reserves or would cause the LLC not to be in compliance with regulatory requirements, although in any such event the LLC would use reasonable efforts to borrow the funds necessary to accelerate or increase such Tax Distributions so as to fully and timely fund the federal and state income tax liabilities of the Members (or the equity owners of Members that are themselves pass-through entities).

  • IN-KIND DISTRIBUTIONS Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • Qualified HSA Funding Distribution If you are eligible to contribute to a health savings account (HSA), you may be eligible to take a one-time tax-free HSA funding distribution from your IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of high deductible health plan coverage (i.e., single or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. For further detailed information, you may wish to obtain IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.

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