CONTRIBUTION PROCESSING Sample Clauses

CONTRIBUTION PROCESSING. Fidelity shall provide contribution processing services as provided in Article I and as outlined in this Appendix C. Contributions are subject to the terms and conditions contained herein.
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CONTRIBUTION PROCESSING. REMINDER: You must attach a voided check or provide bank information to avoid a delay establishing your SIMPLE IRA plan. Provide bank account information for the account from which SIMPLE IRA Plan contributions and associated fees (if applicable) will be taken. This information is kept confidential. Employees’ Elective Deferral, Employer Matching Contribution and Nonelective Contribution amounts, if any, must be sent electronically to Fidelity Investments Institutional Operations Company LLC, (FIIOC) via the Internet at xxxxxxxx.xxx. Your company’s contributions to your Fidelity Advisor SIMPLE IRA Plan (the “Plan”) must be debited from your company’s bank account via the Automated Clearing House (ACH) in accordance with your instruction, and electronically transmitted to each Participant’s Fidelity Advisor SIMPLE IRA account and invested according to instructions each Participant has provided. Your bank must be an ACH member for you to use this service. If the name on the check provided below does not match the company name in Section 2 of this form, then a corporate resolution must be provided and a signature notarization in Section 4. If the check below is from a payroll provider, a corporate resolution from the payroll provider is required. An authorized agent from the payroll provider and the authorized plan contact for your company must sign this form in Section 4. Tape a preprinted voided check over our sample: • Once FIIOC receives and accepts this completed form and the Adoption Agreement, FIIOC will notify you that you are allowed to begin submitting your contribution information via the web at xxxxxxxx.xxx. This method allows you to tell us how much money to electronically debit from your company’s bank account. Electronic funding puts you in control, since we will not debit your bank account until you tell us to do so each contribution period. Instructions for contribution processing are included in the SIMPLE IRA Plan Sponsor Guide. • Employees’ Elective Deferrals must be deposited as soon as administratively feasible, but in no event later than the 30th day following the last day of the month in which the deferrals are withheld from the Employees’ Compensation. • Employer Matching Contributions and Nonelective Contributions must be made by your company’s tax filing deadline, including extensions, for the taxable year for which the contributions are made. 4. Signature(s) and Date(s) Form cannot be processed without signature(s) and date(s). • I...
Sample 1
CONTRIBUTION PROCESSING. The Custodian will deposit all contributions (including transfers of assets) promptly after the receipt thereof. All contributions to the Account are initially allocated to the Cash Account and will be held at the direction of the Account Owner pursuant to direction made in such form and manner as is acceptable to the Custodian and HSA Administrator. Amounts will be held in the Cash Account until the Account Owner directs either (i) a distribution of the amount from the Account or (ii) a transfer of the amount to the Investment Account. Contributions will be available for distribution in accordance with the Custodian’s and HSA Administrator’s policies and procedures and applicable law. The Custodian may delay funds availability on Large Deposits. If the funding for a contribution is denied by the paying entity, the Custodian may accept the denial without question and charge the item back against the Account without advance notice to the Account Owner. The Account Owner may be charged a fee for each returned item.
Sample 1
CONTRIBUTION PROCESSING. Ascensus Trust will deposit the checks received from the Company within two (2) business days of receipt. In the event a Company's deposit is returned for insufficient funds, Ascensus Trust will notify the Company and an additional processing fee, in addition to a returned check fee, may be assessed by Ascensus Trust. All Company deposits will remain invested as specified in the Trust Agreement(s) until investment instructions are received from the Company. Within two (2) business days of receipt of the investment instructions, Ascensus Trust will transmit the deposit to the designated investment. If the funds required for compliance with the Company's investment instructions exceed the available Trust funds, the Company will be notified and Ascensus Trust will not invest any portion of the funds until revised instructions are received. Ascensus Trust will retain no portion of the earnings on funds held prior to transmittal to a designated investment. If funds are received from an employer who has not executed a Trust Agreement, Ascensus Trust will immediately notify such employer. Investment allocation purchases for such Company or employer will be "on hold" until an executed Trust Agreement is received by Ascensus Trust. Upon receipt of the Trust Agreement, the funds on hold will be invested, as described above.
Sample 1
CONTRIBUTION PROCESSING a. Benefitfocus will post notional (non-cash) contributions per standard processes outlined in the Design Guide, and as agreed upon with the Client, which include file based and assumed contribution posting.
Sample 1
CONTRIBUTION PROCESSING a. Receive and Transmit Contributions: Benefitfocus will receive and transfer via wire or ACH to the Custodial Bank as soon as administratively feasible consistent with the standards set forth by the Department of Labor in 29 C.F.R. Sec. 2510.3-102, payroll deduction and Client contributions, and individual contributions, if any, from third parties.
Sample 1
CONTRIBUTION PROCESSING. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit D.
Sample 1
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CONTRIBUTION PROCESSING. Prudential processes the investment of Plan contributions when the information is supplied in good order. Prudential deposits those contributions into the investments provided for under the Pan, in accordance with the allocation instructions received from the Employer or Plan participants (if the Plan provides that participants may direct the investment of contributions made on their behalf). Prudential will supply automated contribution software free of charge to Employers with 10 or more employees who request it. This software should enable contributions to be processed more efficiently and will help the Employer avoid Data Submission charges described in Exhibit C. -------------------------------------------------------------------------------- 401(k) Administrative Services Agreement A-30 Initials of Authorized Employer Representative/Date: _____/_____ Initials of Authorized Employer Representative/Date: _____/_____
Sample 1

Related to CONTRIBUTION PROCESSING

  • Contribution Procedure Within fifteen (15) days after receipt by any party to this Agreement (or its representative) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party (“contributing party”), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its representative of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 5.3.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available. Each Underwriter’s obligations to contribute pursuant to this Section 5.3 are several and not joint.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Transaction Processing All orders are subject to acceptance by us and by the Fund or its transfer agent, and become effective only upon confirmation by us. If required by law, each transaction shall be confirmed in writing on a fully disclosed basis and if confirmed by us, a copy of each confirmation shall be sent to you if you so request. All sales are made subject to receipt of shares by us from the Funds. We reserve the right in our discretion, without notice, to suspend the sale of shares of the Funds or withdraw the offering of shares of the Funds entirely. Orders will be effected at the price(s) next computed on the day they are received if, as set forth in the applicable Fund’s current Prospectus, the orders are received by us or an agent appointed by us or the Fund prior to the close of trading on the New York Stock Exchange, generally 4:00 p.m. eastern time (“Close of Trading”). Orders received after that time will be effected at the price(s) computed on the next business day. All orders must be accompanied by payment in U.S. Dollars. Orders payable by check must be drawn payable in U.S. Dollars on a U.S. bank, for the full amount of the investment. If you have entered into a FundSERV Agreement with us to effect transactions in Fund shares through FundSERV, you are hereby authorized to act on our behalf for the limited purpose of receiving purchase, exchange and redemption orders for Fund shares executed through FundSERV. You represent and warrant that all orders for the purchase, exchange or redemption of Fund shares transmitted to FundSERV for processing on or as of a given business day (Day 1) shall have been received by you prior to the Close of Trading on Day 1. Such orders shall receive the share price next calculated following the Close of Trading on Day 1 .You represent and warrant that orders received by you after the Close of Trading on Day 1 shall be treated by you and transmitted to FundSERV as if received on the next business day (Day 2). Such orders shall receive the share price next calculated following the Close of Trading on Day 2. You represent that you have systems in place reasonably designed to prevent orders received after the Close of Trading on Day 1 from being executed with orders received before the Close of Trading on Day 1.

  • City Contribution 347. The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Data Collection, Processing and Usage The Company collects, processes and uses the International Participant’s personal data, including the International Participant’s name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in the Company, and details of all Equity Awards or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the International Participant’s favor, which the Company receives from the International Participant or the Employer. In granting the Equity Award under the Plan, the Company will collect the International Participant’s personal data for purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of the International Participant’s personal data is the International Participant’s consent.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • 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.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • 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.

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