Required Contribution definition

Required Contribution is defined in Section 4.4(a).
Required Contribution means the payment required of Participating Employers under this Participation Agreement to secure coverage under the terms and conditions of the Plan.
Required Contribution on behalf of the Account in respect of a Portfolio for any fiscal year shall mean an amount equal to the expenses of that Portfolio for such year minus the below-indicated percentage of that Portfolio's average daily net assets for the year:

Examples of Required Contribution in a sentence

  • The Required Contribution amount will be calculated based on the number of Participants and Beneficiaries that are shown in the Trust’s (or the Carrier’s) enrollment records at the time of calculation.

  • You will be deemed to have accepted the terms of this Participation Agreement by the payment of any Required Contribution and the acceptance of coverage for Eligible Employees and their Dependents.

  • The Trust reserves the right to change the schedule of Required Contribution amounts at any time if such amount was determined based on a material misrepresentation that resulted in the rates being different than they would have been without such material misrepresentation.

  • Upon any termination of coverage under the Plan, You are and will remain liable to Us for the payment of any and all Required Contributions and Service and Access Fees that are unpaid at the time of termination, including a pro rata portion of the Required Contribution and Service and Access Fee for any period this Participation Agreement was in force during the grace period preceding the termination.

  • The first Required Contribution and Service and Access Fee is due and payable on or before the effective date of coverage.


More Definitions of Required Contribution

Required Contribution on behalf of the Account in respect of a Portfolio for any fiscal year shall mean an amount equal to the expenses of that Portfolio for such year minus the below-indicated percentage of that Portfolio's average daily net assets for the year: International Portfolio.............................................. 1.50% Each other Portfolio................................................. 0.75% multiplied by a fraction the denominator of which is the average daily net assets of that Portfolio and the numerator of which is the average daily net asset value of the Shares of that Portfolio owned by the Account (referred to herein as a "Participating Shareholder"). The Company's Required Contribution in respect of a Portfolio shall be pro-rated based on the number of business days on which this Agreement is in effect for periods of less than a fiscal year.
Required Contribution has the meaning set forth in Section 5.14(a).
Required Contribution means the amount or amounts required to be contributed to
Required Contribution means 6% of a Participant’s Earnings, which percentage may be changed from time to time by duly adopted amendment to the Plan.
Required Contribution has the meaning assigned to such term in Section 2.7.
Required Contribution is defined in Section 5.9.
Required Contribution means Capital Contributions required under Section 6.1.