Suspension of Contributions. (a) Participation in the scheme will be suspended during any period of unpaid leave. Any period of unpaid leave will reduce payments into the fund and therefore proportionately reduce the accrued payment in the year of leave.
Suspension of Contributions. In the event of a complete discontinuance of contributions to this Plan, the vested percentage of each Participant in his Employer Account shall be 100%.
Suspension of Contributions. Should an Employer fail for any reason to make Company Contributions and/or Company Matching Contributions in any one (1) or more years, such failure shall not, of itself, terminate or discontinue this Plan and Trust as to the Employer and its Participants, nor shall the Employer incur any obligation to make up such Company Contributions and/or Company Matching Contributions in whole or in part.
Suspension of Contributions. A participant may suspend his or her compensation reduction agreement on any day of any month by giving such notice as shall be prescribed by the Committee and no contribution shall be made during such suspension period. Such suspension may last indefinitely. The participant may resume his or her compensation reduction agreement on any day of any month providing the participant shall then be eligible to participate, by giving such notice as shall be prescribed.
Suspension of Contributions. A Compensation Reduction Agreement may be suspended at any time as to Deferred Salary Contributions and/or Xxxx Contributions not theretofore accrued. After any such suspension, a Member may resume Deferred Salary Contributions and/or Xxxx Contributions by entering into a Compensation Reduction Agreement which shall be effective as soon as practicable after such Agreement is entered into.
Suspension of Contributions. In the event contributions are suspended, either temporarily or permanently, prior to the complete discharge of PARS’ obligations under this Agreement, PARS reserves the right to xxxx the Agency for Services under this Agreement at the rates indicated in PARS’ standard fee schedule in effect at the time the services are provided, subject to the terms established in Section 3 of this Agreement. Before any such services are performed, PARS will provide the Agency with written notice of the subject services, terms, and an estimate of the fees therefore.
Suspension of Contributions. If the Plan Sponsor decides it is impossible or inadvisable to continue to make contributions, it shall have the power by appropriate resolution or decision to suspend contributions to the Plan. Suspension shall be a temporary cessation of contributions which shall not constitute or require a formal termination of the Plan and shall not preclude contributions. After the date of suspension of contributions, the Plan and Trust shall remain in force. The Committee shall deliver to the Trustee a copy of the Plan Sponsor's resolution to suspend contributions.
Suspension of Contributions. Effective August 1, 2009, a Plan Sponsor may suspend or reduce Qualified Matching Contributions or Qualified Non-Elective Contributions for a period, as permitted in Treasury Regulations, for reasons specified in such Treasury Regulations, such as Plan Sponsors undergoing a substantial business hardship. During any such period such Plan Sponsor must comply with all aspects of such Treasury Regulations, such as compliance with any applicable actual deferral percentage testing during such period.
Suspension of Contributions. The Participant will be suspended from making contributions for six (6) months after receipt of the hardship distribution from all plans sponsored by the Plan Sponsor. Upon approval of a hardship distribution, MassMutual shall provide a feedback file to the Plan Administrator consistent with the client’s payroll cycle notifying the Plan Administrator of the hardship distribution. Shortly before the date the suspension is lifted, MassMutual shall send written notice to the Participant indicating that the suspension has been lifted and the previous contribution percentage will be reinstated. Participants can reenroll by calling 1-800-743-5274 or by logging on to the participant website at xxx.xxxxxxxxxx.xxx/xxxxxxxxxxx. Changes will be effective as soon as administratively feasible once the suspension period is over.
Suspension of Contributions. GIZ and/or the ASEAN may suspend their contributions if: • Any of the Parties fails to fulfil its respective obligations under this Agreement or under any arrangements in respect to this Agreement; or • Circumstances, namely political decisions and directives, changes in political positions and priorities, but also natural disasters, arise which preclude, or place in considerable jeopardy, the objective of the Project described in Paragraph 1 above. If one of the circumstances described in Paragraph 4.3. arises and is not remedied by the defaulting Party within a time-limit to be agreed upon by the Parties (“Remedy Period”), the non-defaulting Party may prematurely terminate this Agreement in accordance with Paragraph 4.6. of this Agreement.
