ANNUAL CASH CONTRIBUTIONS. The Depositor may make annual cash contributions to the account within the limits specified in Article I. All contributions shall be hand delivered or mailed to the Custodian by the Depositor, with an indication of the taxable year to which such contribution relates. Additionally, if the Depositor's employer maintains a qualified simplified employee pension (SEP), such employer may contribute on behalf of the Depositor, the lesser of 15% of the Depositor's compensation from such employer or $30,000. (ii)
ANNUAL CASH CONTRIBUTIONS. Upon execution of this Agreement. LGF shall receive one-time cash contributions for the first three years of this agreement. This funding shall be used for operating expenses for the Premises. The schedule of payments is as follows: CASH CONTRIBUTIONS FROM PP&R TO LGF FISCAL YEAR AMOUNT PP&R PAYS TO LGF 2022-23 (7/1/22-6/30/23) $315,000.00 (Subject to available funding) PP&R PAYS TO LGF 2023-24 (7/1/23-6/30/24) $350,000.00 (Subject to available funding) PP&R PAYS TO LGF 2024-25 (7/1/24-6/30/25) $350,000.00 (Subject to available funding) PP&R cannot assure that any particular level of funding will be provided and this Agreement permits PP&R to add or remove funding annually as necessary depending on the availability of funding as dictated by the City of Portland’s budget process.
ANNUAL CASH CONTRIBUTIONS. Except in the case of a Rollover Contribution or SEP Contribution, for each Year no contributions will be accepted unless they are in cash, and the total of such contributions shall not exceed whichever of the following is applicable, as determined by the Participant:
