CONTRIBUTION CHANGES Clause Samples
The "Contribution Changes" clause defines the process and conditions under which modifications can be made to the contributions provided by parties under an agreement. Typically, this clause outlines how parties may propose changes, the approval process required, and any limitations or notice periods that must be observed. For example, it may specify that any adjustments to the scope, timing, or nature of contributions must be agreed upon in writing by all parties involved. The core function of this clause is to provide a clear and structured mechanism for managing changes, thereby reducing misunderstandings and disputes related to evolving obligations.
CONTRIBUTION CHANGES. A. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: I Plan Year II Semi-annual period, based on the Plan Year /X/ III Quarter, based on the Plan Year IV Month V Other, as specified below (provided that it is at least once per year):
B. Claims for returns of Excess Before Tax Contributions for the Participant's preceding taxable year must be made in writing, and submitted to the Committee by March 1 (specify a date between March 1 and April 15). (18)
CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: i ___ Plan Year ii ___ Semi-annual period, based on the Plan Year iii X Quarter, based on the Plan Year iv ___ Month v ___ Other, as specified below (provided that it is at least once per year):
CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each:
b. Claims for returns of Excess Before Tax Contributions for the Participant's preceding taxable year must be made in writing, and submitted to the Committee by March 1 (specify a date between March 1 and April 15). (18)
CONTRIBUTION CHANGES. In consultation with CPCFA, the Executive Officer of CARB may direct that the premium contribution schedule be adjusted, however, the premium contributions for each enrolled loan may be no less than 4 percent of the borrower’s enrolled loan amount and no more than 25 percent. Such adjustments shall take into account program objectives including maximizing available program funding and increasing participation by lenders and borrowers in the ZEHDV Air Quality Loan Program throughout California. Any such change to the premium contribution schedule shall be enacted by written memorandum from the Executive Officer of CARB. Previous Loan Loss Reserve Accounts: Participating lenders may also utilize the same loan loss reserve accounts established and maintained, either by the participating lender or the Trustee, under previous Interagency Agreements 08-607, 13-606, or 18MSC004 (and any subsequent amendments), for the purpose of the HDV Air Quality Loan Program and/or the ZEHDV Air Quality Loan Program.
CONTRIBUTION CHANGES. Unless otherwise determined by the Administrator, except in the case of withdrawal as described in Section 7, a Participant may not increase or decrease such Participant’s payroll deductions during any Offering, but may increase or decrease such Participant’s payroll deductions with respect to the next Offering (subject to the limitations of Section 5) by filing a new enrollment form by the deadline established by the Administrator for the Offering. The Administrator may, in advance of any Offering, establish rules permitting a Participant to increase, decrease or terminate such Participant’s payroll deductions during an Offering.