Solidarity contribution Clause Samples

A solidarity contribution clause establishes an obligation for one party to pay a portion of certain proceeds, typically from a transfer or transaction, to a designated third party or fund as a form of collective support. In practice, this often applies in contexts such as sports transfers, where a percentage of a player's transfer fee is distributed to clubs involved in the player's early development. The core function of this clause is to ensure that those who contributed to an individual's or asset's value receive fair compensation, promoting equity and shared benefit within the relevant community or industry.
Solidarity contribution. 1 If stage artists who are not members of the SBKV are employed, the Stage Man- agement shall collect a solidarity contribution from them in the amount of 1% of the salary, but not more than Fr. 40 per month and to deduct from the salary with each salary payment. Proof of membership of the SBKV is incumbent on the Stage Member. 2 The solidarity contribution is a contribution to administrative costs arising for the CLA Parties for the preparation and implementation of the CLA and a balancing of the benefits that come to a non-member of SBKV through the CLA. Half each falls respectively to the SBKV and SBV. II. Stage employment law A. The content and form of the employment contract Art. 6 CLA and the employment contract
Solidarity contribution. ‌ 1 If stage artists who are not members of the SzeneSchweiz are employed, the Stage Management shall collect a solidarity contribution from them in the amount of 1% of the salary, but not more than Fr. 40 per month and to deduct from the salary with each salary payment. Proof of membership of the SzeneSchweiz is in- cumbent on the Stage Member. 2 The solidarity contribution is a contribution to administrative costs arising for the CLA Parties for the preparation and implementation of the CLA and a balancing of the benefits that come to a non-member of SzeneSchweiz through the CLA. Half each falls respectively to the SzeneSchweiz and SBV. II. Stage employment law‌ A. The content and form of the employment contract‌ Art. 6 CLA and the employment contract‌ The content of the employment contract between the Stage Management and stage member can be agreed at will within the limits of the CLA (Art. 3).
Solidarity contribution. If a Professional moves during the course of a contract, 5% of any compensation, with the exception of Training Compensation, paid to his Former Club shall be deducted from the total amount of this compensation and distributed by the New Club as a solidarity contribution to the club(s) involved in his training and education over the years. This solidarity contribution will reflect the number of years (calculated pro rata if less than one year) he was registered with the relevant club(s) between the Seasons of his 12th and 23rd birthdays, as follows: – Season of 12th birthday: 5% (i.e. 0.25% of total compensation) – Season of 13th birthday: 5% (i.e. 0.25% of total compensation) – Season of 14th birthday: 5% (i.e. 0.25% of total compensation) – Season of 15th birthday: 5% (i.e. 0.25% of total compensation) – Season of 16th birthday: 10% (i.e. 0.5% of total compensation) – Season of 17th birthday: 10% (i.e. 0.5% of total compensation) – Season of 18th birthday: 10% (i.e. 0.5% of total compensation) – Season of 19th birthday: 10% (i.e. 0.5% of total compensation) – Season of 20th birthday: 10% (i.e. 0.5% of total compensation) – Season of 21st birthday: 10% (i.e. 0.5% of total compensation) – Season of 22nd birthday: 10% (i.e. 0.5% of total compensation) – Season of 23rd birthday: 10% (i.e. 0.5% of total compensation)

Related to Solidarity contribution

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Equity Contribution Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Equity Contribution shall be consummated.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • 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.