CONTRIBUTIONS TO THE PLAN Sample Clauses

CONTRIBUTIONS TO THE PLAN. The Employer shall make contributions to the Plan in accordance with the formula or formulas selected below. The Employer’s contribution shall be subject to the limitations contained in Articles III and X of the Basic Plan Document #01. For this purpose, a contribution for a Plan Year shall be limited by Compensation earned in the Limitation Year that ends with or within such Plan Year. For Limitation Years beginning on or after January 1, 2002, except to the extent permitted under paragraph 4.6(h) of the Basic Plan Document #01 and under Code Section 414(v), the Annual Addition that may be contributed or allocated to a Participant’s account under the Plan for any Limitation Year beginning after December 31, 2001 shall not exceed the lesser of (a) $40,000, as adjusted for increases in the cost-of-living under Code Section 415(d), or (b) 100% of the Participant’s Compensation within the meaning of Code Section 415(c)(3), for the Limitation Year.
AutoNDA by SimpleDocs
CONTRIBUTIONS TO THE PLAN. 44Section 1. Rate and Period of Contributions In order to effectuate the purposes hereof, each Employer shall contribute to the Plan a sum measured by the schedules attached hereto, marked “Exhibit A,” and made a part hereof, with respect to each Employee to which the appropriate subdivision of said Exhibit A pertains. The Directors shall have the authority to amend the composite rates set forth in Exhibit A by resolution from time to time as they deem necessary, in order to reflect changes in the contributions provided for in the respective collective bargaining agreements between the Employers and the Unions and Guilds, which are parties to the Trust.
CONTRIBUTIONS TO THE PLAN. Section 1. Rate and Period of Contributions 33 Section 2. Period of Contributions 33 Section 3. Effective Date of Contributions 33 Section 4. Mode of Payment 33 Section 5. Default in Payment 34 Section 5a. Interest 34 Section 5b. Liquidated Damages 34 Section 5c. Action for Enforcement 35 Motion Picture Industry Health Plan Agreement and Declaration of Trust (Inclusive of Amendments I through CXXX) Section 5d. Termination of Party Status 35 Section 5e. Reporting Requirements 36 Section 5f. Post ‘60s and Supplemental Markets Contributions 36 Section 6. Report on Contributions 36 Section 7. Individual Contributions 38 Section 8. New Employers 38 Section 9. Advancement of Premium 38 Section 10. Contributions for Designated Groups 39 Section 11. Agents for Transmittal of Contributions 39
CONTRIBUTIONS TO THE PLAN. The Custodian/Insurer shall accept cash contributions from the Employer on behalf of Participants in accordance with the Salary Reduction Agreement between the Participant and the Employer. Each such contribu- tion shall be accompanied by specific written instructions from the Employee specifying the accounts to which it is to be credited and the investments which is to be credited and the investments which are to be purchased with such contribution. Contributions made by the Employer to the Custodian for any Employee shall not exceed the limitations set forth in sections 415,402(g) and 403(b) of the Code.
CONTRIBUTIONS TO THE PLAN. Contributions may be made to the Plan by or on behalf of each Subscriber in respect of the Beneficiary periodically or by way of a lump sum payment in money or other property (provided that the registered ownership of such property has been changed to reflect ownership by the Plan) subject to the RESP Lifetime Limit and such minimum limits as established by PFSL and subject to such other conditions as may be imposed by the Applicable Tax Legislation and, if applicable, by PFSL from time to time. Contributions may also be made by way of transfer from another RESP provided that such RESP has not made any Accumulated Income Payments prior to such transfer and subject to such other conditions imposed by the Applicable Tax Legislation from time to time. Contributions to the Plan do not include amounts paid into the Plan under or because of one or more Government Grants. When the Beneficiary under the Plan is also the beneficiary under other RESPs (including a replacement beneficiary who inherits the contribution history of the Beneficiary he or she replaced) each subscriber will be responsible for ensuring that the total of all contributions in a year, in respect of the Beneficiary, will not exceed the RESP Lifetime Limit and will be responsible for any penalties that may be imposed by the Applicable RESP Legislation as a result of contributing to the Plan in excess of such limits. No contributions may be made to the Plan by or for the Subscriber after the 31st year following the year in which the Plan is entered into or, in the case of a Specified Plan, after the 35th year following the year in which the Plan was entered into. No contributions may be made to the Plan by or for the Subscriber unless the Beneficiary in respect of whom the contribution is made has a Canadian Social Insurance Number (SIN) that is provided to the Promoter before the contribution is made and is resident in Canada when the contribution is made, or (b) the contribution is made by way of a transfer from a RESP under which the Beneficiary was a beneficiary immediately before the transfer.
CONTRIBUTIONS TO THE PLAN. 1.1 In addition to making all minimum funding contributions to the Plan required under 26 U.S.C. §§ 412 and 430 (including 26 U.S.C. § 430(j)(3)) for each plan year for which any Additional Contribution (as defined below) is made (all such minimum funding contributions, collectively, “Required Contributions”), (a) AMREP shall, or AMREP shall cause one or more its direct or indirect subsidiaries to, make a cash contribution to the Plan in the amount of $3,243,008 (“Mandatory Additional Contribution”) within ten (10) days of the Effective Date, and (b) AMREP may, or AMREP may cause one or more its direct or indirect subsidiaries to, in AMREP’s sole discretion at any time, make one or more further cash contributions to the Plan (“Optional Additional Contributions”, and collectively with the Mandatory Additional Contribution, “Additional Contributions”).
CONTRIBUTIONS TO THE PLAN. Except for the Company Capital Stock contributed by the Company to the Plan as contributions, the Company shall not make any contributions to the Plan other than in cash.
AutoNDA by SimpleDocs
CONTRIBUTIONS TO THE PLAN. The Trustee shall not be responsible for calculating or collecting any contributions due under the Plan, and shall be accountable solely for contributions actually received by it. The Trustee shall not be responsible for the accuracy of any amount received or for determining whether or not the amount is in accordance with the requirements of the Plan. The Employer will be solely responsible for determining the contributions to be made under the Plan, the accuracy thereof, for delivering the same to the Trustee, and for complying with any law applicable to contributions to the Plan.
CONTRIBUTIONS TO THE PLAN. For as long as the ESOP Note is outstanding, the Company will make contributions to the Plan in amounts which are sufficient to enable the Trustee to pay all interest and principal due on the ESOP Note when due. 5.4
CONTRIBUTIONS TO THE PLAN. The Salvation Army contributions are to commence once confirmation has been received from Group Retirement Services the employee is registered in the plan. Contributions by The Salvation Army are to be added to the employee's base salary for Income Tax purposes and, at the same time, deducted for remittance to Group Retirement Services. (Group Retirement Services will issue an official Income Tax receipt for all contributions). Employer RRSP contributions are to be based on an employees paid regular assigned hours/earnings. The RRSP percentage is not paid on extra shifts or overtime hours. Percentage contributed is determined by the employee's years of service, as per following table: On the completion of Employee Probation 4.00 % of regular earnings On the completion of 5 years of service (commencing 6th year of employment) 5.00 % of regular earnings On the completion of 10 years of service (commencing 11th year of employment) 6.00 % of regular earnings In addition to the contributions above, if the employee chooses to make voluntary contributions, The Salvation Army will match employee contributions to a maximum determined by years of service as per the table below: On the completion of Employee Probation Matching of voluntary contributions to a maximum of 2% regular earnings On the completion of 10 years of service (commencing 11th year of employment) Matching of voluntary contributions to a maximum of 3% regular earnings NOTE: Contributions to a spousal account will not be matched Both contributions being made by The Salvation Army and Employee voluntary contributions are to be remitted to Great West Life Group Retirement Services by the local payroll centre on a monthly basis (or on a payroll basis when arranged with GRS) accompanied by the completed contribution form or Excel Worksheet. RRSP contributions can continue until December in the year the employee reaches age 71. Canada Revenue Agency (CRA) Regulations prohibit contributions beyond this point. Employees no longer eligible for Group RRSP contributions due to Canada Revenue Agency (CRA) regulations are to be given a cash benefit equal to that they would receive in a RRSP contribution. Further details of the EMPLOYEES' GROUP REGISTERED RETIREMENT SAVINGS PLAN are provided in the Envision Plan Administration Guide (for local payroll centres) and the employee pamphlet entitled 'Group RRSP ' for the Employees of The Salvation Army.
Time is Money Join Law Insider Premium to draft better contracts faster.