Conditional Contributions Clause Samples

The Conditional Contributions clause establishes that contributions or payments are only required if certain specified conditions are met. In practice, this means that a party’s obligation to contribute funds, resources, or support is triggered by the occurrence of defined events or the satisfaction of particular criteria, such as achieving project milestones or receiving regulatory approval. This clause ensures that parties are not bound to provide contributions unless agreed-upon conditions are fulfilled, thereby protecting them from undue risk and aligning contributions with actual project progress or outcomes.
Conditional Contributions. Conditional Contributions in a decimal percentage (of at least 1.00%) of such Participant’s Compensation, as elected in the Plan Sponsor’s Adoption Agreement, for each Contribution Period during which: (i) such Participant has a current election in force to make Participant Contributions under Section 5.1 that meets the minimum Participant Contribution percentage that such Plan Sponsor has elected in its Adoption Agreement; and (ii) the Plan Sponsor has made or is simultaneously making such minimum Participant Contribution. The minimum Participant Contribution percentage will be elected in the Plan Sponsor’s Adoption Agreement, but will be subject to any rules made by the Administrator as to amount of Contribution or manner or timing of election.
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Conditional Contributions. To the extent permitted under ERISA and the Code, all contributions to the Plan are subject to the following conditions: (a) All contributions made to the Plan by the Employer shall be conditioned upon the deductibility of such contributions under the Code. To the extent that any such deduction is disallowed by the Internal Revenue Service, the Employer by action of the Administrative Committee shall have the right to demand and receive the return of the related contribution to the extent disallowed within one year after the disallowance of said deduction. (b) If the Employer makes a contribution, or any part thereof, by mistake of fact, such contribution or part thereof shall be returned to the Employer within one year after such contribution is made.
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Related to Conditional Contributions

  • 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.

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

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.