Examples of Supplementary Contribution in a sentence
Developers should not be required to make two payments in respect of the same infrastructure, and therefore a public infrastructure project should not be included in both a General and Supplementary Contribution Scheme.
By levying an Advance or Supplementary Contribution in respect of an open Policy Year for the purpose (as referred to in Rule 19.1.4) of meeting the whole or a part of such deficiency.
In the case of a dentist who has undergone one year's approved vocational training, the two years mentioned in paragraph 1(2)(a), 1(3)(a) and 1(4)(a) will be reduced to one year.
Notwithstanding the foregoing, to the extent necessary to correct an Administrative Error, a Participant may authorize a Basic Contribution from his Annual Benefit Salary or Wages in excess of 6% (in whole percentages) of his Annual Benefit Salary or Wages and a Supplementary Contribution from his Annual Benefit Salary or Wages in excess of 10% (in whole percentages) of his Annual Benefit Salary or Wages.
Every Advance and Supplementary Contribution shall be payable on such date, or by instalments of such amounts and on such dates, as the Managers may specify.
Given that there is no exemption for the proposed development under the Supplementary Contribution Scheme, I would recommend that should the Board decide to grant permission that a Supplementary Contribution Scheme condition should be applied.
A Participant may make withdrawals while employed from time to time, but no more than once each Plan Year from the Participant’s Employee Supplementary Contribution Account.
If the Employee Supplementary Contribution Account is invested in more than one (1) Subfund authorized and established under Section 4.1, the amount withdrawn shall be charged to each Subfund in the same proportions as the Account is invested in each Subfund.
The first 6% of this additional Tax-Deferred Contribution (before reduction for union dues and other deductions that are required to be applied to a compensation item that is being contributed on a tax-deferred basis to the Plan) shall be treated as a Basic Tax-Deferred Contribution and the balance shall be treated as a Supplementary Contribution.
The amount of such withdrawals by a Participant shall be deemed to first come from the aggregate amount of nondeductible voluntary contributions theretofore made by the Participant and only thereafter from the earnings or gains in, or attributable to, the Employee Supplementary Contribution Account.