Annuity Fund Payments for Annuity Units Only Sample Clauses

Annuity Fund Payments for Annuity Units Only. Annuity Fund Payments will only be continued for Annuity Units and will not provide assistance to Assisted Units other than those Annuity Units occupied by Annuity Households. When an Annuity Household vacates its Annuity Unit, that unit ceases to be an Annuity Unit and no further occupant thereof shall be an Annuity Household. The Annuity Fund Payment amount shall be the difference between Department approved Operating Expenses attributable to the Annuity Units at the Development and Department approved Operating Income attributable to the Annuity Units at the Development (as outlined herein) for the fiscal year and is subject to the Annuity Fund Requirements. Payments shall be terminated by the Department if the Department determines, in its sole discretion, that there are insufficient funds available from the Annuity Fund Account. Payments may also be reduced, adjusted, and/or terminated by the Department in the event of default or if the Development receives another operating subsidy, including a HUD operating subsidy for the Annuity Units.
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Related to Annuity Fund Payments for Annuity Units Only

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply.

  • 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Investor Compensation Fund The Company is a member of the Investor Compensation Fund. The Client, under certain preconditions, is entitled to compensation from the Investor Compensation Fund. For more information please see Investor Compensation Fund 24. Acknowledgement of Risks By accepting this Agreement the Client accepts that the Client has read and understood the information contained in this Agreement and the Company’s general description of the nature and risks of different Financial Instruments, Products, and/or Service(s) which can be found in our Risk Disclosure

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

  • PAYMENT TERMS/PRE-PAYMENT/QUANTITY DISOUNTS If discounts for accelerated payment, pre-payment, progress payment, or quantity discounts are offered, they must be clearly indicated in the Contractor’s submission prior to contract award. The applicability or acceptance of these terms is at the discretion of the Customer.

  • Full-Time Equivalent (FTE) and Employer Contributions a) The FTE used to determine the Board’s benefits contributions will be based on the average of the Board’s FTE as of October 31st and March 31st of each year.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

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