Replenish Contribution Clause Samples
The Replenish Contribution clause requires a party to restore a previously contributed amount, such as capital or funds, back to a specified level if it falls below an agreed threshold. In practice, this means that if a partner’s capital account in a joint venture or partnership drops due to losses or withdrawals, that partner must contribute additional funds to bring their account back up to the required minimum. This clause ensures ongoing financial stability and maintains the agreed-upon balance of contributions among parties, preventing underfunding and protecting the interests of all stakeholders.
Replenish Contribution. After the bank is established, all participating members shall contribute one (1) additional newly accrued day each time the bank reaches a balance of 25% of the number of participants. When it becomes necessary to replenish the bank, contributions shall be equally required of all members participating.
Replenish Contribution. After the bank is established, all participating members shall contribute one (1) additional newly accrued day each time the bank reaches a balance of 25% of the number of participants. When it becomes necessary to replenish the bank, contributions shall be equally required of all members participating. Members participating in the sick leave bank will be notified the month before a contribution is withdrawn to replenish the bank.