Contribution Continuation Sample Clauses

The Contribution Continuation clause defines the ongoing obligations of parties to continue making contributions under an agreement, even if certain events occur that might otherwise disrupt regular payments or input. Typically, this clause applies to financial contributions, resources, or services that are essential to a joint venture, partnership, or collaborative project, ensuring that each party remains responsible for their share despite changes in circumstances such as a partner’s withdrawal or a change in project scope. Its core practical function is to maintain stability and predictability in the arrangement by preventing interruptions in contributions, thereby safeguarding the continuity and success of the underlying project or relationship.
Contribution Continuation. The Employer shall continue to pay its portion of pension contributions, provided employees continue to pay their portion, as follows: a. while in receipt of WSIB compensation as a result of an injury sustained during employment with the Employer, for up to twelve (12) months; b. while on maternity/parenting leave, for the period it is required to continue pension contributions, in line with government legislation. Employer and employee contributions will be based on the employee's average covered wages during their four (4) regular pay periods prior to being off work. Employees must make arrangements with the Employer to pay their portion of all pension contributions to the Employer by the fifteenth (15th) of the month in which they are due.
View SourceView Similar (20)
Contribution Continuation. The Employer shall continue to pay its portion of pension contributions, provided employees continue to pay their portion as follows: a. while in receipt of compensation from the Workplace Safety and Insurance Board as a result of an injury sustained during employment with the Employer, for up to twelve (12) months; b. while on maternity/parenting leave, for the period it is required to continue pension contributions, in line with government legislation; Employer and employee contributions will be based on the employee’s average covered wages during their four
View SourceView Similar (6)
Contribution Continuation. The Employer shall continue to pay its portion of pension contributions, provided employees continue to pay their portion as follows:
View SourceView Similar (3)
Contribution Continuation. The Employer shall continue to pay it' portion of pension contributions, provided employees continue to pay their portion, as follows: a. while in receipt of WSIB compensation as a result of an injury sustained during employment with the Employer, for up to twelve (12) months; b. while on maternity/parenting leave, for the period it is required to continue pension contributions, in line with government legislation. Employer and employee contributions will be based on the employee's average covered wages during their four (4) regular pay periods prior to being off work. Employees must make arrangements with the Employer to pay their portion of all pension contributions to the Employer by the fifteenth (15th) of the month in which they are due. Those employees hired as of June 21, 2004, will have thirty (30) days to provide a cheque for retroactivity to April 24, 2003, which will be matched by the Employer. The Employer will provide the employees with the amount of retroactivity.
View SourceView Similar (3)
Contribution Continuation. The Employer shall continue to pay its portion of pension contributions provided employees continue to pay their portion, while on maternity/parenting leave, for the period it is required to continue pension contributions in line with governmental legislation. Employer and employee contributions will be based on the employee’s average covered wages during their four (4) regular pay periods prior to being off work. Employees must make arrangements with the Employer to pay their portion of all pension contributions to the Employer by the fifteenth (15th) of the month in which they are due.
View SourceView Similar (2)
Contribution Continuation. The Employer shall continue to pay its portion of pension contributions, provide employees continue to pay their portion, as follows: a. while in receipt of Worker's Compensation as a result of an injury sustained during employment with the Employer, for up to twelve (12) months; b. while on maternity/parenting leave, for the period, it is required to continue pension contributions, in line with government legislation. Employer and employee contributions will be based on the employee's average covered wages during their four (4) regular pay periods prior to being off work. Employees shall make arrangements with the Employer to pay their portion of all pension contributions to the Employer by the 15th of the month in which they are due. a. The Employer agrees to deduct by way of payroll deduction and remit to the Union’s Benefit Administration Office, voluntary employee pension contributions in addition to any other Collective Agreement Pension Plan contributions. Such amounts shall not exceed the limits established by Revenue Canada. These monies will be recorded separately on the Employer’s monthly remittance to the Benefit Administration Office. b. A request for such deductions shall be submitted to the Employer in a format provided by the Benefit Administration Office. A copy of the completed form shall be sent to the Benefit Administration Office with the first remittance of such additional voluntary contributions. c. Only two (2) opportunities per calendar year to join or remove an employee’s participation. d. At least two (2) weeks prior to January 1st and July 1st of each year, interested employees shall submit the appropriate paperwork to the office.
View Source

Related to Contribution Continuation

  • Benefit Continuation (a) For leaves taken pursuant to Clause 21.1, 21.2 and 21.3 the Employer shall maintain coverage for medical, extended health, dental, group life and long-term disability, and shall pay the Employer’s share of these premiums. (b) Notwithstanding Clause 21.4(a) above, should an employee be deemed to have resigned in accordance with Clause 21.5 the Employer will recover monies paid pursuant to this clause.

  • Benefits Continuation In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).

  • Formation and Continuation The Partnership is a limited partnership heretofore formed and continued pursuant to the provisions of the Act and upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and the administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Commencement and Continuation The Contractor shall commence the Project on the date the Contract was signed by the Department (as above) and, subject to Schedule Three, Clause 10.1 shall complete the Project on or before 1 June 2012. Interpretations Schedule One Schedule Two Schedule Three

  • Conversion/Continuation (a) Subject to Section 2.15 and so long as no Specified Event of Default shall have occurred and then be continuing, Borrower shall have the option: (i) to convert at any time all or any part of any Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Borrower shall pay all amounts due under Section 2.15 in connection with any such conversion; or (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $5,000,000 and integral multiples of $1,000,000 in excess of that amount as a Eurodollar Rate Loan. (b) Subject to clause (c) below, Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 1:00 p.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans shall be irrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith. (c) Any Conversion/Continuation Notice shall be executed by an Authorized Officer in a writing delivered to Administrative Agent. In lieu of delivering a Conversion/Continuation Notice, Borrower may give Administrative Agent telephonic notice by the required time of any proposed conversion/continuation; provided each such notice shall be promptly confirmed in writing by delivery of the Conversion/Continuation Notice to Administrative Agent on or before the close of business on the date that the telephonic notice is given. In the event of a discrepancy between the telephone notice and the written Conversion/Continuation Notice, the written Conversion/Continuation Notice shall govern. In the case of any Conversion/Continuation Notice that is irrevocable once given, if Borrower provides telephonic notice in lieu thereof, such telephone notice shall also be irrevocable once given. Neither Administrative Agent nor any Lender shall incur any liability to Borrower in acting upon any telephonic notice referred to above that Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized on behalf of Borrower or for otherwise acting in good faith.