Statutory Contributions Clause Samples

Statutory Contributions. 14.5.1. Statutory contributions including ENIC and WTR shall be paid by the Supplier (or where applicable, by the Approved Sub-Contractor utilised in the execution of the Contract) as required by Law. The Supplier (or where applicable, an Approved Sub-Contractor utilised in the execution of the Contract) shall ensure that: 14.5.1.1. where it is responsible to account for PAYE Income Tax or ENIC to HMRC it does so; or 14.5.1.2. where it is not responsible to make such payment, for example, in the case of a self-employed Temporary work-seeker or Limited Company Temporary work-seeker who has not opted out of the Conduct Regulations (within IR35 legislation), the Supplier instead passes on the relevant ENIC element of the Total Hourly Charge Rate excluding VAT to the Temporary work-seeker informing that Temporary work- seeker that the PAYE Income Tax or ENIC element has been included in the sum paid in his Total Wage Costs and that he shall be responsible for all taxes and deductions payable to HMRC. 14.5.2. In the event that the Supplier (or where applicable, an Approved Sub- Contractor utilised in the execution of the Contract) engages any Corporate body for the supply of an individual Temporary work-seeker, the Supplier (or where applicable, an Approved Sub-Contractor utilised in the execution of the Contract) shall include in its contract with such Corporate body obligations on the body corporate to: 14.5.2.1. make appropriate deductions (if any) and account properly for ENIC; and 14.5.2.2. comply fully with its obligations under WTR. 14.5.3. The element of the Total Hourly Charge Rate which is the WTR Element shall be paid by the Supplier (where the Supplier is Introducing the Temporary work- seeker himself) (or where applicable, the Approved Sub-Contractor utilised in the execution of the Contract by the Approved Sub-Contractor) as required by Law. 14.5.4. The element of the Total Hourly Charge Rate which is ENIC shall be paid by the Supplier (where the Supplier is Introducing the Temporary work-seeker himself) (or where applicable, the Approved Sub-Contractor utilised in the execution of the Contract by the Approved Sub-Contractor) as required by Law. 14.5.5. For PAYE Temporary work-seekers supplied, there is a preference for ENIC to be charged at the actual rate, taking into account the amount of National Insurance contribution due on amounts earned, over and above the earnings threshold, i.e. allowing for the National Insurance-free period. The Suppli...

Statutory Contributions. ‌ The Employer shall remit statutory contributions for Canada Pension Plan, Employment Insurance and Workers' Compensation Board premiums.

Statutory Contributions. 5.8.1 The Company shall be responsible for making all statutory contributions (including provident fund and gratuity fund) as per the Rules. For avoidance of doubt, it is clarified that, notwithstanding anything contained in the Rules, the Company will not be required to make any contributions towards superannuation fund or annuity fund. 5.8.2 In relation to the Company, any (i) guaranteed bonus entitlement of ▇▇ ▇▇▇▇▇▇▇ as per Clause 5.6 above; (ii) salary in lieu of notice payable to ▇▇ ▇▇▇▇▇▇▇ in terms of this Agreement; and/or (iii) pension benefit available to ▇▇ ▇▇▇▇▇▇▇ in terms of Clause 5.9 of this Agreement shall be adjusted or reduced to the extent of the balance lying to the credit of the provident fund account of ▇▇ ▇▇▇▇▇▇▇, any gratuity entitlement of ▇▇ ▇▇▇▇▇▇▇ and/or to the extent of any contribution made as required by the Applicable Laws, in terms of which benefit accrues to ▇▇ ▇▇▇▇▇▇▇.

Statutory Contributions. The Contractor will become a member of the Employees’ Provident Fund. The Company will contribute 12% of the consolidated salary of the Contractor to the Employees Provident Fund and 3% of the Contractor’s consolidated salary to the Employees Trust Fund during every month of engagement under this contract. The Contractor is required to contribute 8% of the Contractor’s consolidated salary to the Employees’ Provident Fund every month. Any such other or further deductions as may be required by any law shall be made accordingly.