Contribution premium Sample Clauses

Contribution premium. The difference between the value of the Contribution (i.e., €13,173,842,629.5) and the nominal amount of the Capital Increase (i.e., €25,130,240.46), i.e., €13,148,712,389.04 on the basis of a value of €43.5 for each Luxottica share (subject to the adjustment described in Article 6.3 above) shall represent a contribution premium, which will be credited to a "contribution premium" account, to which all new and existing shareholders of Essilor (and, after the completion of the Contribution, of EssilorLuxottica) will have rights. In the event that the value of Luxottica shares is adjusted as indicated in Article 6.3 above, the contribution premium of the capital increase of Essilor would be adjusted accordingly.
Sample 1
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Contribution premium. The difference between the amount of the contributed net assets (i.e. €5,484,426,715.56) and the nominal amount of the share capital increase of the Beneficiary Company (i.e. €277,542,450), i.e. €5,206,884,265.56, will be accounted for as the “contribution premium”, it being specified that the Beneficiary Company shall be entitled to proceed with any withholding from the contribution premium to reconstitute any regulated provisions and for allocation to the legal reserve as well as for costs related to the Contribution, as the case may be. The contribution premium to which the shareholder(s) of the Beneficiary Company will be entitled, will be recorded on the liability side in the Beneficiary Company’s balance sheet. By way of an express agreement between the Parties, it is provided that the shareholder(s) of Delamare Sovra called upon to decide on the Contribution will be proposed: - to withhold from the contribution premium the necessary amount to reconstitute the regulated provisions (excluding the part maintained at the level of Essilor for the provision related to the entity Onbitt., Ltd described in Article 2.1.2(v)(1) above) from Essilor (pursuant to BOI-IS-FUS-30-20-20120912, No 10), and which Delamare Sovra shall record on the liability side of its balance sheet, i.e. €43,928,985.75; - to withhold from the contribution premium the necessary amount for the reconstitution of equipment subsidies from Essilor that Delamare Sovra has to undertake in its balance sheet, i.e. €39,411.71; - to fund Delamare Sovra’s legal reserve with €27,754,245, the legal reserve amounting to €27,784,510 after such provision; and - to authorize the board of directors of Delamare Sovra to allocate, if deemed appropriate, part of the contribution premium to all costs, duties, taxes and fees incurred in the context of the Contribution.
Sample 1

Related to Contribution premium

  • Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Premium Contributions i. Effective March 1, 2014, the Company and employees will contribute toward the premium costs of the NECA Health Plan for eligible Regular employees in accordance with this Section.

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(h). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Contribution Rates ‌ The Employer's contribution rate to the pension fund shall be 8% of each employee's gross monthly earnings. The Employer shall also deduct from each eligible employee's gross monthly earnings 6% and remit that amount together with the Employer's required contribution on behalf of each employee to the pension fund.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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

  • Payment of Contributions The College and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

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