Contribution Redirection Sample Clauses

The Contribution Redirection clause allows for the redirection of payments or contributions from one party to another designated recipient. In practice, this means that instead of making a payment directly to the original party, the paying party may be instructed to send funds to a third party, such as a subcontractor or affiliate. This clause is commonly used to facilitate complex financial arrangements or to ensure that funds are allocated efficiently within a project. Its core function is to provide flexibility in payment flows and to address situations where the original recipient wishes to delegate or assign their right to receive contributions.
Contribution Redirection. The Master Policyholder may change the Allocation Proportion specified in the Schedule by giving the Company written notice and all subsequent Contribution received will be allocated to the Unit Linked Funds in the new Allocation Proportion. The first re-direction in any Policy Year will be free of charges, but for each subsequent re-direction of Contribution in that Policy Year, a charge of Rs.500 will apply. The Company may increase this charge to up to Rs.2000 per request with the prior approval of the IRDA. 5.8
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Contribution Redirection. The Group Policyholder may change the Allocation Proportion specified in the Schedule by giving the Company written notice and all subsequent Contribution received will be allocated to the Unit Linked Funds in the new Allocation Proportion. The first re-direction in any Policy Year will be free of charges, but for each subsequent re-direction of Contribution in that Govt and Govt approved Securities 0% - 90% 0% - 60% Corporate bonds rated AA or above by an approved rating agency 0% - 60% 0% - 60% Money market and other liquid assets 0% - 40% 0% - 40% Infrastructure sector as defined by the IRDA 0% - 60% 0% - 60%
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Related to Contribution Redirection

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Campaign Contribution Restriction For all State contracts as defined in Conn. Gen. Stat. § 9- 612(g)(1) having a value in a calendar year of $50,000 or more or a combination or series of such agreements or contracts having a value of $100,000 or more, the authorized signatory to this Contract expressly acknowledges receipt of the State Elections Enforcement Commission's notice advising state contractors of state campaign contribution and solicitation prohibitions, and will inform its principals of the contents of the notice, as set forth in “Notice to Executive Branch State Contractors and Prospective State Contractors of Campaign Contribution and Solicitation Limitations,” attached as Exhibit C.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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