Examples of Contribution Payment in a sentence
A monthly fee shall be paid in advance each Plan Month during the Contribution Payment Term.
If there is not enough unit for fee deduction, this fee will be accrued and then be collected when (i) there is further contribution, (ii) the Plan is being terminated or (iii) the Contribution Payment Term matures whichever is applicable.
This charge shall be paid in advance to us and will be deducted during its relevant Contribution Payment Term of the relevant Initial Account by cancelling the units to be allocated for the Initial Account.
Metis maintains an Excess Cash Account to hold the excess contributions paid by the Settlor (or the payer of the contribution nominated by the Settlor) during the Contribution Payment Term.
Once at the top of the scale, for those who achieve the highest standards of performance and contribution, it is possible (subject to the employer’s discretion in any given year) to earn a one-off non-consolidated Contribution Payment of up to 6% of basic pay depending on the assessed level of contribution over the previous year.