ACCUMULATED CONTRIBUTIONS Sample Clauses

ACCUMULATED CONTRIBUTIONS. The term “Accumulated Contributions” shall mean the aggregate of (a) a Member’s contributions, if any, under the Prior Plan, with interest thereon as credited in accordance with the Prior Plan for years prior to the Effective Date, and compounded annually at the rate of interest determined below for Plan Years commencing on or after the Effective Date, plus (b) a Member’s contributions made pursuant to Section 9.01 after the Effective Date with interest at the annual rate set forth above, compounded annually from the last day of the Plan Year during which such contributions were made. Interest shall cease to be credited on Accumulated Contributions as of the date on which payment of Retirement Benefits shall commence or the date on which such Accumulated Contributions shall be otherwise payable under the Plan, if earlier. For purposes of this Section 1.04 the rate of interest shall be determined by the Committee, and shall be equal to the average rate of interest which is earned on the assets of the Plan for the Plan Year which contains the date of determination. In the case of a Member who terminates during the Plan Year, such interest rate shall be estimated based on the average annualized rate for the period from the first day of the Plan Year through the date of termination, minus two percent (2%). [This paragraph is effective for all dates before and including September 30, 1991.] Employee Contributions shall accumulate at a rate of return, credited once annually as of the last day of the Plan Year, equal to the annualized monthly returns from an index of three-month U.S. Treasury Bills for the twelve-month period then ended. The rate shall be applied to the average balance in the Member’s account during the preceding twelve-month period. In the case of a Member who terminates employment during the Plan Year, the account shall be credited based on the percentage used for the immediate Prior Year reduced by two percent (2%) and pro rated prorated based on the number of days employed since the beginning of the then current Plan
Sample 1
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ACCUMULATED CONTRIBUTIONS. (b1) The accumulated funds (value at cost), invested for the EISCAT Tromsö, Kiruna and Sodankylä sites and Headquarters by the six EISCAT Associates are as presented in the accounts as of 31 December 1992: Capital investment: 121 231 641.40 SEK In kind: 25 123 200.00 SEK Total funds invested: 146 354 841.49 SEK Depreciation: 85 796 568.75 SEK Net book value of capital investment and in kind contribution: 60 558 272.74 SEK (b2) Accumulated contributions for recurrent operations: Centre National de la Recherche Scientifique 48 516 300.00 SEK Max-Xxxxxx-Gesellschaft 48,516 300.00 SEK Naturvetenskapliga forskningsrådet 19 407 100.00 SEK Norges forskningsråd 19 407 100.00 SEK Particle Physics and Astronomy Research Council 1) 48 516 300.00 SEK Suomen Akatemia 9 703 100.00 SEK Total accumulated contributions for recurrent operation: 196 335 000.00 SEK 1) The Science and Engineering Research Council of the United Kingdom of Great Britain and Northern Ireland has been replaced by the Particle Physics and Astronomy Research Council since 1 April 1994 APPENDIX‌ Facilities at Longyearbyen The EISCAT Svalbard Radar (ESR)
Sample 1

Related to ACCUMULATED CONTRIBUTIONS

  • 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.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • 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.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Voluntary Contributions 16.10 Where an Employee wishes to make voluntary contributions to the Fund, the Employee may authorise the Employer to deduct from the Employee’s wages an amount or percentage specified by the Employee. Voluntary contributions deducted under this provision will be forwarded to the Fund by the Employer at the same time as the Employer’s contributions. Where the Employer receives written authorisation from an Employee, it must commence making payments into the Fund on behalf of the Employee within fourteen days of receiving the authorisation.

  • 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.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

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