Contributions; Funding. The NBA and Players Association acknowledge and agree that the Teams shall continue at all times to contribute to the Plan at least the amount necessary to meet the Pension Plan’s statutory minimum funding requirements under Section 412, Section 431 and, if applicable, Section 432 of the Code, or any other applicable law (the “Minimum Funding Standards”) for such Plan Year, as determined by the actuaries of the Pension Plan. For any period during the term of this Agreement during which a new “funding improvement plan” (a “FIP”) is required to be adopted by the Pension Plan under the Minimum Funding Standards, the funding benchmark for such FIP shall equal the funding benchmark required by the Minimum Funding Standards. The Teams may, in the sole discretion of the NBA, contribute to the Pension Plan more than the amount necessary to meet the Minimum Funding Standards; provided, however, that any such additional contribution amount shall not be greater than the contribution amount determined by the actuaries of the Pension Plan in accordance with the Pension Plan’s historical scheduled contribution methodology. All contributions shall be conditioned on their being fully deductible by the Teams when paid.
Contributions; Funding. All contributions to, and payments from, the Benefit Plans that may have been required to be made in accordance with the Benefit Plans and applicable Law have been timely made. No Benefit Plan is subject to the minimum funding requirements of Section 302 of ERISA or Section 412 of the Code.
Contributions; Funding. All contributions to, and payments from, the RESTAT Plans that have been required to be made in accordance with the RESTAT Plans and applicable Law have been timely made. Each RESTAT Plan that is an employee welfare benefit plan either (i) is funded through an insurance company contract and is not a “welfare benefit fund” within the meaning of Section 419 of the Code, or (ii) is unfunded.
Contributions; Funding a. The funding of each recording project by Stereo Vision will be made pursuant to the production schedule or acquisition schedule of each album project as set forth by Wilfield.
Contributions; Funding. All contributions to, and payments from, the Benefit Plans that may have been required to be made in accordance with the Benefit Plans and applicable Law have been timely made. No Benefit Plan is subject to the minimum funding requirements of Section 302 of ERISA or Section 412 of the Code. Except as described on the Disclosure Schedule, to the Knowledge of the Shareholder, no event has occurred or circumstance exists that is reasonably expected to result in an increase in the premium costs of Benefit Plans that are insured or in an increase of the benefit costs of Benefit Plans that are self-insured.
Contributions; Funding. All contributions to, and payments from, the Benefit Plans that may have been required to be made in accordance with the Benefit Plans and applicable law have been timely made.
