PAC Contributions Clause Samples

PAC Contributions. Beginning after the effective date of this Agreement, UMs may submit written directives for Political Action Committee (PAC) contributions to be deducted from their wages through payroll deductions. In order to establish such PAC contributions initially, each UM is required to submit to HOPE, a signed written authorization, as approved by Human Resources (Dues/PAC Authorization), specifically requesting the political action contribution deduction with the amount to be deducted as PAC contributions as permitted by the PAC Authorization. A UM shall have the right to revoke such authorization at any time by giving written notice to the City through the departmental payroll representative and to HOPE. The City’s obligation to make deductions shall terminate automatically upon its receipt of revocation of authorization from the UM upon separation from employment or transfer to a job classification outside the bargaining unit. All PAC contributions deducted by the City will be transmitted directly to HOPE bi-weekly, within 10 business days of the date of the deduction. The payment shall be accompanied by an alphabetically sorted list of the names of those employees for whom a deduction has been made and the amount of each deduction and an alphabetically sorted list of the names of those employees who have revoked authorization. This list must be separate and apart from the list of employees who had union dues deducted. If PAC contributions are in arrears, ▇▇▇▇ agrees that the City will not be responsible for collecting or making special arrangements for such payroll deductions or paying uncollected PAC contributions to HOPE. If the UM does not have enough wages earned, to pay all or any part of the PAC contributions owed pursuant to the original authorization, after all lawful deductions are made, PAC contributions will not be deducted. If the City overpays the amount of PAC contributions owed during one bi-weekly period, it may deduct the amount of the overpayment from a future payment made to HOPE.
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PAC Contributions. A Political Action Committee (PAC) is a political committee that raises and spends money to elect or defeat political candidates. PACs can donate money to any candidate committee, national party committee, or other PACs. PAC contribution is a widely used proxy for political connections (for a literature review, see ▇▇▇▇▇ et al. (2000)). The data on PAC contributions are downloaded from the Federal Election Commission’s website (▇▇▇.▇▇▇.▇▇▇). My paper uses two PAC related variables, PACToCandid and PAC_LT. PACToCandid is the total PAC contribution from the defendant’s PAC to their congressional representatives who have met 18 The SEC chair spends about 8% of working hours meeting with politicians. Among the politicians who met with the SEC chair, the proportions of senators and congressmen are nearly equal. 19 I also use alternative specifications of one month and two months prior to the litigation date. Results remain similar. 20 My regression results remain similar when excluding the top three states with the most enforcement actions (i.e., New York, California, and Texas), individually, from the sample. with the SEC chair, aggregated for the year before the meeting. To determine PACToCandid, I first identify the candidate committee ID for each congressional representative who met with the SEC chair. Then, I match the political contributions from the defendants’ PACs to the candidate committee ID. The second PAC related variable, PAC_LT, is the total PAC contributions two years before the litigation starting date. PAC_LT differs from PACToCandid in that PAC_LT includes all forms of PAC contributions (i.e., contributions to all candidates, national parties, and other political action committees), whereas PACToCandid includes only the PAC contribution to the defendants’ congressional representatives who met with the SEC chair. Panel C of Table 3 shows the defendants’ PAC contributions to their congressional representatives who have met with the SEC chair for one year before and after the meeting took place. Out of the 150 (96) defendants with calendar data in administrative proceedings (federal courts), 52 (28) defendants’ PACs made direct contributions to their congressional representatives who met with the SEC chair one year before or after the meeting. The average PAC contributions to congressional representatives who have met with the SEC chair are statistically higher for defendants in SEC administrative proceedings than in federal courts. For defendan...
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Related to PAC Contributions

  • 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.

  • User Contributions The Website may contain message boards, chat rooms, personal web pages or profiles, forums, bulletin boards, and other interactive features (collectively, "Interactive Services") that allow users to post, submit, publish, display, or transmit to other users or other persons (hereinafter, "post") content or materials (collectively, "User Contributions") on or through the Website. All User Contributions must comply with these Terms of Use. Any User Contribution you post to the site will be considered non-confidential and non- proprietary. By providing any User Contribution on the Website, you grant us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, and otherwise disclose to third parties any such material. You represent and warrant that: • You own or control all rights in and to the User Contributions and have the right to grant the license granted above to us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns. • All of your User Contributions do and will comply with these Terms of Use. You understand and acknowledge that you are responsible for any User Contributions you submit or contribute, and you, not the Company, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content or accuracy of any User Contributions posted by you or any other user of the Website.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.