Contribution Plan Clause Samples

A Contribution Plan clause outlines the specific terms and procedures for how parties will make financial or resource contributions to a project or joint venture. It typically details the timing, amount, and method of each party's contributions, and may address what happens if a party fails to contribute as agreed. This clause ensures that all parties understand their obligations and helps prevent disputes by providing a clear framework for funding or resource allocation.
Contribution Plan. Operative provisions
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Contribution Plan. 18 The District provides a Defined Contribution Plan for all eligible Nurses 19 wherein the District contributes six percent (6%) of a Nurse’s wages as 20 defined in the Pension Plan. A copy of the plan may be obtained from the 21 District on request.
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Contribution Plan. If Development Consents are granted for the Proposed Development, the Developer has offered to provide the Monetary Contribution, subject to the terms of this Agreement, in addition to any development contribution the Developer must pay in accordance with The Hills Section 7.12
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Contribution Plan. The Employer’s maximum contribution shall match the full-time Employee’s contribution up to a maximum matching contribution of four percent (4%) of salary. Employees are governed by the terms of the Plan.
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Contribution Plan. Throughout the Term, Employee shall be entitled to participate in the then-current Image 401(k) participation plan according to the guidelines set forth by Image and the plan’s custodian. Image will match Employee’s contributions to the participation plan, up to a maximum of 4% of Employee’s Base Salary, at the rate of $0.50 per dollar contributed by Employee.
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Contribution Plan. Beginning with the 2013-2014 school year, the District will establish an employer funded 403(b) retirement plan.
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Related to Contribution Plan

  • Defined Contribution Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s benefit under such plan is based solely on the fair market value of his or her account balance.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.