Pension Deductions Clause Samples
Pension Deductions. Based upon the above compensation amounts the Board shall pay and remit for each eligible employee an amount no greater than a nine percent (9%) contribution of the required pension contribution due to the Illinois Teachers’ Retirement System or an amount no greater than the District’s statutory obligation due the required pension contribution of Illinois Municipal Retirement Fund and any required employer health plan contribution due the Teachers Health Insurance Security Fund.
Pension Deductions. In the event that Seattle recognizes a Tax Benefit in a Post-Distribution Period with respect to which a payment by Houston to Austin is required pursuant to Section 6.03 of the Austin TMA, Seattle shall make a payment to Houston of the amount of such recognized Tax Benefit within 30 Business Days.
Pension Deductions. (a) Within one hundred and twenty (120) Business Days after the due date (including extensions) of the Tax Return for any taxable year, if the Maximum Enterprise Pension Tax Benefit (as defined below) exceeds the amount of payments previously made under this Section 6.03(a) (such excess, the “Available Enterprise Pension Tax Benefit”), Enterprise shall make a payment to HP in an amount equal to the lesser of (i) the greater of (x) fifty million dollars ($50,000,000) and (y) the excess of Tax Benefits actually realized by the Enterprise Group for such taxable year and earlier post-Distribution taxable years arising as a result of one or more Pension Contributions made by one or more members of the HP Group following the Distribution, calculated on a “with and without” basis, over amounts previously paid pursuant to this Section 6.03(a), and (ii) the Available Enterprise Pension Tax Benefit. The “Maximum Enterprise Pension Tax Benefit” shall equal the amount of the Tax Benefit that would be realized by the Enterprise Group as a result of all Pension Contributions made by one or more members of the HP Group in any taxable year or years following the Distribution, calculated using the assumptions set forth under Enterprise Full Taxpayer.
Pension Deductions. In the event that ▇▇▇▇▇▇▇ actually recognizes a Tax Benefit in a Post-Distribution Tax Period arising from contributions made to the EDS Pension Plan with respect to which a payment by Houston to HP Inc. is required pursuant to Section 6.03 of the Tax Matters Agreement entered into by and between Houston and Hewlett-Packard Company on October 31, 2015 and the addendums thereto, as amended through the date hereof, ▇▇▇▇▇▇▇ shall make a payment to Houston of the amount of such actually recognized Tax Benefit within 30 Business Days.
Pension Deductions. In the event that any member of the Enterprise Group may realize a Tax Benefit arising a result of a Pension Contribution made by a member of the HP Group following the Distribution, Enterprise shall make a payment to HP within one hundred and twenty (120) Business Days following the realization of such Tax Benefit, in an amount equal to such Tax Benefit, plus interest on such amount computed at the Prime Rate based on the number of days form the date of such actual realization of the Tax Benefit to the date of payment of such amount under this Section 6.04. In the event that any member of the HP Group may realize a Tax Benefit arising a result of a Pension Contribution made by a member of the Enterprise Group following the Distribution, HP shall make a payment to Enterprise within one hundred and twenty (120) Business Days following the realization of such Tax Benefit, in an amount equal to such Tax Benefit, plus interest on such amount computed at the Prime Rate based on the number of days form the date of such actual realization of the Tax Benefit to the date of payment of such amount under this Section 6.04.