Permitted Contributions Sample Clauses

Permitted Contributions. The contributions checked below are currently permitted under the terms of the Plan. (check all that apply) x Pre-Tax Elective Deferrals (see Section 4 of the Adoption Agreement on page 11) x Xxxx Elective Deferrals (see Section 4 of the Adoption Agreement on page 11) ¨ ADP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 11) ¨ ACP Safe Harbor Contributions (see Section 5 of the Adoption Agreement on page 12) x Non-Safe Harbor Matching Contributions (see Section 6 of the Adoption Agreement on page 12) x Non-Safe Harbor Non-Elective Contributions (see Section 7 of the Adoption Agreement on page 14) x Qualified Matching Contributions (see Sections 3.7 of the Basic Plan) x Qualified Non-Elective Contributions (see Sections 3.8 of the Basic Plan) x Rollover Contributions (see Section 8 of the Adoption Agreement on page 15) x Voluntary Employee Contributions (see Section 8 of the Adoption Agreement on page 16) ¨ Deemed XXX Contributions (see Section 8 of the Adoption Agreement on page 16) ¨ Prevailing Wage Contributions (see Section 9 of the Adoption Agreement on page 16)
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Permitted Contributions. All regular contributions to the Education Account made under this Section 2.1 by an individual, entity, or other person, including the Responsible Person, (collectively known as “Donors”) for the benefit of the Beneficiary, shall meet the following conditions:
Sample 1
Permitted Contributions. All regular contributions to the Roth IRA Account shall be in cash, and may be made under this Xxxxxxxph 2.1 by the Individual or the Individual's spouse (the "Spouse"). An Individual may make contributions to the Roth IRA Account even if the Individual has attained age 00-0/0. In general, the maximum amount that an Individual may contribute as a regular contribution to any Roth IRA Account for any taxable year is (i) the lesser of $2,000 xx 100% of the Individual's compensation, (ii) reduced by the amount of any other regular contribution for that year to any other Roth IRA or individual retirement plan under Code Section 408 ("XXX") for the benefit of the Individual. If the Individual is xxrried, the maximum amount the higher compensated spouse may contribute for the year is the lesser of $2,000 or 100% of that spouse's compensation, and the maximum amount the lower compensated spouse may contribute is the lesser of $2,000 or 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her Roth IRA (even if one spouse has no compensation). The maximux xxxxxx contribution amount will be reduced, however, if the Individual is single and has an adjusted gross income between $95,000 and $110,000, is married filing a joint return and has an adjusted gross income between $150,000 and $160,000, or is married filing separately and has an adjusted gross income between $0 and $10,000. An Individual cannot make a contribution to a Roth IRA if that person's adjusted gross income exceeds $110,000 xxx single individuals, $160,000 for married individuals filing jointly, or $10,000 for married individuals filing separately. Contributions to the Roth IRA Account will not be deductible for federal income tax xxxxxxes. The Trustee may, but is under no obligation to, refuse to accept annual Roth IRA Account contributions that exceed $2,000.
Sample 1
Permitted Contributions. The scheme may accept only the following contributions:
Sample 1
Permitted Contributions. The rules regarding contributions in Article I have been amended for taxable years beginning on or after January 1, 2002. Beginning in 2002, the maximum aggregate amount that may be contributed to the custodial account, except in cases of a rollover contribution, for any taxable year is the lesser of (1) the amount in effect under section 219(b)(1)(A) for such year (the “Dollar Limit”), or (2) 100% of the Depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a), or a Xxxx individual retirement account established under Code section 408A. For taxable years beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. In addition, beginning in 2002, Depositors who are 50 years of age or older may contribute an additional amount to the Trust in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For taxable years beginning on or after January 1, 2006, the Catch-Up Amount is increased to $1,000. The Catch-Up Amount is not subject to the same limits as the Dollar Limit (e.g., it is not limited by the Depositor’s compensation or other retirement related contributions). The Catch-Up Amount is also subject to mandatory reduction or other provisions after 2010. For taxable years beginning on or after January 1, 2002, a rollover contribution may also be made from a qualified deferred compensation arrangement described in section 457 of the Code. liability or responsibility for any tax imposed on account of any such contribution or distribution. Further, the Custodian shall not incur any liability or responsibility in taking or omitting to take any action based on any notice, election, or instruction or any written instrument believed by the Custodian to be genuine and to have been properly executed. The Custodian shall be under no duty of inquiry with respect to any such notice, election, i...
Sample 1
Permitted Contributions. The custodial account may accept rollover contributions described in section 408A(e) of the Code from another Xxxx individual retirement account, or from another individual retirement account under section 408(a) of the Code if the distribution meets the requirements of 408(d)(3) (“Rollover Contribution”). In addition, for taxable years beginning in 2006, a Rollover Contribution includes a distribution from a designated custodial account established in a qualified retirement account pursuant to section 402A(c)(3)(A) of the Code. Other rules and limitations may apply to Rollover Contributions, as described in the Disclosure Statement. If this custodial account is a Xxxx Conversion IRA, no contributions other than IRA conversion contributions made during the same tax year will be accepted. The maximum aggregate annual contributions to the custodial account are increased for taxable years beginning on or after January 1, 2002. The maximum aggregate annual amount that may be contributed to the custodial account, except in cases of a Rollover Contribution, for any taxable years beginning in 2002 is the lesser of (1) the amount in effect under section 219(b)(1)(A) of the Code for such year (the “Dollar Limit”), or 100% of the depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a) (“IRA Account”). For taxable years before January 1, 2002, the Dollar Limit is $2,000. Beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. The Dollar Limit described above is generally phased out for certain high income depositors, as described in section 408A(c) of the Code. Beginning in 2002, depositors who are 50 years of age or older may contribute an additional amount to their custodial account in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For the taxable year beginning January 1, 2006...
Sample 1
Permitted Contributions 
Sample 1
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Related to Permitted Contributions

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Rollover Contributions Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. If you roll over the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. Traditional IRA-to-Employer Retirement Plan Rollover: If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Rollover of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions.

  • Other Contributions ST1.1 In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

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