Mandatory Contribution Clause Samples

Mandatory Contribution. NTL CC shall ensure that the cash proceeds (net of any related expenses) of any equity or Financial Indebtedness raised by any member of the Covenant Group shall be applied as follows: 19.22.1 to the extent that such amount is required, pursuant to the Working Capital Facility to be applied in mandatory prepayment of the amount outstanding thereunder, such amount shall be invested in the Parent by way of Subordinated Funding and so applied in mandatory prepayment of the amount outstanding under the Working Capital Facility; 19.22.2 to the extent that such amount is required, pursuant to the Working Capital Facility to be applied in mandatory cancellation of the Working Capital Facility, such amount shall be invested in the Parent by way of Subordinated Funding and onlent by way of Parent Funding to members of the UK Group (other than the Parent); 19.22.3 to the extent that such amount is not required pursuant to the Working Capital Facility to be applied in mandatory prepayment or cancellation thereof: (a) from the Acquisition Date up to (and including) 31 December 2003, 662/3 per cent. of the aggregate amount of such cash proceeds; and (b) at all times thereafter, 75 per cent. of the aggregate amount of such cash proceeds, in each case other than Excluded Contributions, shall be contributed to the Parent by way of Subordinated Funding. The Parent shall in turn ensure that any such Subordinated Funding received by it is contributed to the other members of the UK Group by way of Parent Funding.

Mandatory Contribution. If the Class A Member receives a “Liquidity Event Notice” in respect of an IPO or a Qualified IPO, the Class A Member shall contribute all of its outstanding Class A Units to the Class B Member in connection therewith at the instruction of the Class B Member, pursuant to a Contribution Agreement that is in the form attached hereto as Exhibit B.

Mandatory Contribution. An annual contribution shall be made during the first pay period after July 1 of each year and shall equal the amount as set forth in Article 48, currently $400 per year.

Mandatory Contribution. 4 1.34 Master Or Prototype Plan . . . . . . . . . . . . . . . . . . . . . . . 4 1.35 Maximum Permissible Amount . . . . . . . . . . . . . . . . . . . . . . 5 1.36 Net Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mandatory Contribution. An Employee contribution which was not tax-deductible when made and which was required for participation in the Plan. These contributions may no longer be made to the Plan, for Plan Years beginning after the Plan Year in which this Plan is adopted (or restated) by the Employer.

Mandatory Contribution. All employees hired on or after July 1, 2008, who have completed one (1) Year of Eligibility Service and have reached age 25 are required, as a condition of employment, to make contributions to the Plan equal to 3% of Compensation. A Year of Eligibility Service is a 12-month period measured from your date of hire in which you are credited with at least 1,000 Hours of Service. If you were paid for less than 1,000 hours in that period, you will be credited with a Year of Eligibility Service whenever you complete 1,000 hours or more in any Plan Year following your date of hire. If you meet the eligibility requirements above, effective 01/01/2021 the University will make a Discretionary Match and/or Non-Elective contribution on your behalf as determined by the Plan Administrator in their sole discretion. Percent of Internal Use Compensation Are you required to make a Mandatory Contribution? Employees hired on or after 7/1/2008 who meet eligibilitycriteria. (Non-Elective Deferral) _% (If yes, 3%) Has employee met Year of Eligibility service? ORIGINAL HIRE DATE: Voluntary Pre-tax Contributions (Elective Deferral) + % (non-mandatory) TOTAL PERCENTAGE OF SALARY REDUCTION - PRE-TAX (Total of both Non-Elective and ElectiveDeferrals) = _% (TOTAL) TOTAL of above mandatory and voluntary contributions. ▇▇▇▇ -After-Tax (▇▇▇▇ Contributions are for Unmatched Funds only) % Unmatched contributions can be invested in the GSRA. Please choose one option below: Percent of Internal Use Compensation GSRA – Unmatched voluntary contribution – PRE-TAX % GSRA – unmatched voluntary contribution – POST-TAX ▇▇▇▇ % Signed this day of , 20 _. (Employee Signature) By University (Name) (Title)

Mandatory Contribution. 22.16.1 New NTL shall ensure that the cash proceeds (net of any related expenses) of any equity or Financial Indebtedness raised by any member of the Covenant Group (other than from another member of the Covenant Group (but without prejudice to New NTL's obligations under this Clause 22.16 in respect of any equity or Financial Indebtedness raised by such other member of the Covenant Group other than from another member of the Covenant Group)) shall be applied as follows: (a) to the extent that such amount is required, pursuant to the Working Capital Facility, to be applied in mandatory prepayment of the amount outstanding thereunder, such amount shall be invested in the Parent by way of Subordinated Funding and so applied in mandatory prepayment of the amount outstanding under the Working Capital Facility (in accordance with the terms thereof); (b) to the extent that such amount is not required pursuant to the Working Capital Facility to be applied in mandatory prepayment thereof: (i) up to (and including) 31 December 2003, 662/3 per cent. of the aggregate amount of such cash proceeds; and (ii) at all times thereafter, 75 per cent. of the aggregate amount of such cash proceeds, in each case other than: -100- (1) Excluded Contributions; and (2) any Financial Indebtedness of the type referred to at paragraph (c) of the definition of Financial Indebtedness where the relevant Hedging Agreement is an agreement in respect of an interest rate swap or a currency swap in respect of Financial Indebtedness raised by any member of the Covenant Group which is an Excluded Contribution or which has been applied in accordance with this Clause 22.16 provided that the relevant Hedging Agreement was entered into for bona fide protection against fluctuations in interest or currency rates, the relevant Hedging Agreement does not (whether intended or not) create the same or a similar economic benefit for the relevant member of the Covenant Group as an agreement to borrow money or to raise finance or an agreement which otherwise has the same commercial effect as a borrowing and the relevant Hedging Agreement was entered into on terms (including rates) which could reasonably be regarded as market standard for a company of comparable standing to the member of the Covenant Group which is party to the relevant Hedging Agreement at the time at which the Hedging Agreement was entered into provided further that the exclusion at this paragraph (2) does not include any amounts payable to...