Community Benefit Contribution definition

Community Benefit Contribution or “CBC” means the payment described in Section 5 of this Agreement.
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Community Benefit Contribution means a monetary or in-kind contribution paid or provided to the local government in order to gain approval of development with additional building height and/or plot ratio above the Primary building height and/or plot ratio limit contained in Provision 5.
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Community Benefit Contribution is defined in Section 8.1.b.
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Examples of Community Benefit Contribution in a sentence

  • Permittee shall deliver the Community Benefit Contribution in quarterly installments in the same manner as Benefit Rate Payments described in section B.

  • All of the Community Benefit Contribution proceeds received from Permittee shall be placed in the County’s general fund and used for the usual current expenses of the County and is a separate and distinct payment from the Community Benefit Rate Payment below.

  • The Community Benefit Contribution may be used for the general governmental purposes of the County and not for the purposes of regulation or of raising revenues for regulatory purposes.

  • Permittee shall pay to the County a Community Benefit Contribution in the amount of $18,750 in 2019; $39,500 in 2020, $41,500 in 2021, $43,500 in 2022, and $45,500 in 2023.

  • Financial Implications The following are capital costs proposed for funding from the Hydro One Community Benefit Contribution reserve.

  • Permittee shall pay to the County a Community Benefit Contribution in the amount of $5,000 in year 1 (first payment due July 1, 2019); $10,500 in 2020, $11,000 in 2021, $11,500 in 2022, and $12,000 in 2023.

  • In consideration of the benefits received by Developer pursuant to the terms of this Agreement, Developer shall pay to City a Community Benefit Contribution (“CBC”) in the amount of Five Hundred dollars ($500.00) per single-family residential dwelling unit constructed within the Development.

  • Permittee shall pay to the County a Community Benefit Contribution in the amount of $1,875 in 2019, $12,850 in 2020, $24,800 in 2021, $28,500 in 2022, and $32,200 in 2023.

  • Permittee shall pay to the County a Community Benefit Contribution in the amount of $39,600 in 2020, $52,626 in 2021, $60,144 in 2022, and $67,662 in 2023.

  • Permittee shall pay to the County a Community Benefit Contribution in the amount of $8,750 in 2019, $24,533 in 2020, $32,743 in 2021, $37,420 in 2022, and $42,098 in 2023.

Related to Community Benefit Contribution

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Retirement fund means the "Washington law enforcement

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Company Matching Contributions means the Company contributions described in Section 3.4.