Variable Contribution definition

Variable Contribution means the part of the Contribution set by the General Assembly on the basis of Article 4 paragraph 3, second sentence, and Article 7 paragraph 3, respectively, of the Articles of Association as specified in clause 2.2 (i), whether or not modified upon a proposal from the Steering Board.
Sample 1
Variable Contribution means Variable ECSEL Contribution or Variable KDT Contribution, or Variable Chips Contribution, or as the case may be, two or all of them.
Sample 1
Variable Contribution means a contribution made by a Participating Entity pursuant to Article 6.
Sample 1

Examples of Variable Contribution in a sentence

  • The Bank sponsors two complementary pension plans, a Defined Benefit (DB) plan and a Variable Contribution (DB + VC) plan both managed by Caixa de Previdência dos Funcionários do Banco do Nordeste do Brasil (Capef), a closed-ended private pension plan entity that provides complementary retirement benefits.

  • Any SEOCH Participant wishing to use EFBN to meet its margin or Variable Contribution requirements shall, in writing or by other means acceptable to SEOCH, notify SEOCH of its intention before 11:00 a.m. Such notification must include the specific purpose for which EFBN are being transferred.

  • On the vesting date, the Variable Contribution (VC) Subplan may turn into a Defined Benefit (DB) plan, in case the Member elects to receive the related supplementary benefit in the form of annuity payments.

  • The SEOCH Board shall have the sole and absolute discretion to determine the maximum amount of a SEOCH Participant’s Variable Contribution that may be satisfied in the form of EFBN.

  • Refund of the surplus of a SEOCH Participant’s Variable Contribution can occur after a Top-up calculation has been performed.

  • The Variable Contribution (“VC”) subplan defines voluntary contributions by Members, with limited matching contributions by subsidiary CTEEP on 30% of employees’ Actual Contribution Salary for purposes of additional supplementary benefits in case or retirement or death.

  • BENEFITS:- Health Insurance Coverage for the selected candidate and immediate family members- Variable Contribution Fund (18.33% of the annual base salary)- Employee and Employer- Annual Bonus payment (1/12 of annual base salary) h.

  • SEOCH will update the SEOCH Participant’s CCMS Collateral Account and accept EFBN as cover for margin or Variable Contribution requirements for the quantity of EFBN transferred only upon confirmation of receipt of the relevant EFBN in the account that SEOCH maintained in the EFCS.

  • SEOCH may also, subject to the provisions set out below, accept EFBN for the purpose of meeting in part or in whole the Variable Contribution of a SEOCH Participant to the Reserve Fund.

  • If the size of the actual Variable Contribution currently in place exceeds the new required level, Variable Contributions will be reduced and the excess refunded.


More Definitions of Variable Contribution

Variable Contribution means Variable ECSEL Contribution or Variable KDT Contribution, or, as the case may be, both.
Sample 1
Variable Contribution means the part of the Contribution set by the General Assembly on the basis of Article 4 paragraph 3, second sentence, and Article 7 paragraph 3, respectively, of the articles of association of ARTEMISIA as specified in clause
Sample 1

Related to Variable Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

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

  • Qualifying contribution means, with respect to a

  • 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).

  • Accumulated contributions means the sum of all

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • 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.

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Payments in lieu of contributions means the money payments to

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.