Initial Periodic Contribution Sample Clauses

Initial Periodic Contribution. Initial contributions, which Depositor intends to be tax-deductible, shall be in cash and are to be invested under this Agreement. Depositor contemplates future periodic contributions within the limits allowed by law. Depositor assumes full and sole re- sponsibility for determining that the sum of periodic contributions during a single taxable year of Depositor does not exceed those limits. Depositor shall not contribute after the custodial account ceases to be exempt by reason of either Section 408(e) or 415(g) of the Internal Revenue Code. All future contributions shall be in cash and shall be sent to Custodian by Depositor directly and not through an intermediary employer.
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Related to Initial Periodic Contribution

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

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • 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 Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • The Contribution 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • 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.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

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