Trust Funding Requirement Sample Clauses

Trust Funding Requirement. From time to time, the Company shall contribute to the Trust (in cash or other property as provided or permitted by the Plan) the amounts the Company is obligated to credit to the Participant’s account under the Plan (herein, the “Deferred Compensation Account”), except that no amounts shall be contributed during any period to the extent necessary to avoid the application of Section 409A(b)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), or regulations applicable thereto.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Trust Funding Requirement. From time to time but in no event less than annually, the Company shall determine the amount that would be needed to pay Participants and their beneficiaries the benefit which they have accrued pursuant to the terms of the Plan (as certified to the Trustee by the Company) as of the date of the valuation. For purposes of this valuation, the Company shall disregard the total amount credited to the LS&CO. Performance Tracking Vehicle Fund (as defined in the Plan) as of such valuation date. The remaining amount is referred to herein as the “Trust Funding Requirement.” In the event that the fair market value of the Trust assets as of any valuation date before a Change of Control is less than 90% of the Trust Funding Requirement on such date, the Company shall make an additional contribution to the Trust in an amount sufficient to bring the fair market value of the assets in the Trust up to 90% of the Trust Funding Requirement as of the valuation date. Further, the Company shall establish the Trust Funding Requirement as of the date of any Change of Control. If the fair market value of the Trust Fund as of the valuation date is less than the Trust Funding Requirement on such date, the Company shall make an additional contribution so the value of trust assets equals the Trust Funding Requirement as of the valuation date. After a Change of Control, the Company shall establish the Trust Funding Requirement on a semi-annual basis and make additional contributions as necessary to bring the value of the Trust Fund up to the Trust Funding Requirement as of the valuation date. Contributions under this Section 2, if any, shall be made as soon as reasonably practicable after the Trust Funding Requirement is established for a valuation date. When computing the Trust Funding Requirement, the Company may exclude the benefits attributable to any participant if contributions to the Trust Fund on behalf of the participant could cause the participant to incur income tax liability on account of the contribution.
Sample 1Sample 2
Trust Funding Requirement. (a) The Owner shall, on a monthly basis and on the same day of each successive month, pay the total Reserve Fund Charge into the Capital Reserve Fund, as outlined in the Municipal Responsibility Agreement and as may be amended by the Annual Reserve Assessment, which shall be subject to the Municipality’s approval.
Sample 1
Trust Funding Requirement. From time to time but in no event less frequently than monthly, the Company shall contribute to the Trust (in cash, shares of Company common stock or other stock for which Company common stock has been exchanged in accordance with the applicable Plans (“Stock”) or other property as provided or permitted by the respective applicable Plans) the amounts the Company is obligated to credit to each Participant’s account under a Plan (herein, a “Deferred Compensation Account”), except that no amounts shall be contributed during any period to the extent necessary to avoid the application of Section 409A(b)(3) of the Code (as amended by the Pension Protection Act of 2006). The Deferred Compensation Account of each Participant shall be separate and segregated from the Deferred Compensation Accounts of other Participants, but the Trustee shall nevertheless be authorized to commingle cash or hold shares of Stock in a single name or in one or more aggregate certificates or in book entry, or in one or more accounts under the Company’s dividend reinvestment plan, for purposes of achieving economies or efficiencies in investments or administration or complying with the provisions of this Trust Agreement, so long as the Trustee maintains records identifying the interests of each Participant therein. The Trustee may commingle the cash allocable to individual Accounts that would not otherwise be sufficiently large to purchase whole shares of Stock, for purposes of investing it in Stock, but only to the extent that the Trustee maintains records showing the fractional shares thereof allocable to each Account.
Sample 1

Related to Trust Funding Requirement

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience. Additional Services. Subrecipient also shall provide the following services to Older Individuals to whom it provides the services described herein in Attachment A with the consent of the Older Individual, or his or her representative, Subrecipient shall bring to the attention of appropriate officials for follow-up, conditions or circumstances which place the Older Individual, or the household of the Older Individual, in imminent danger. Nothing in this paragraph shall be construed to limit Subrecipient’s responsibilities for elder abuse reporting as set forth in this Contract. Coordination of services. Subrecipient shall assure that all services funded under this Contract are coordinated with other appropriate services in the community and that services funded under this Contract do not constitute unnecessary duplications of services provided by other sources. Coordination of resources. Subrecipient shall work collaboratively with County, particularly the Information and Assistance Program (I&A), to ensure that clients who may need any services available through Older Americans Act or Older Californians Act Programs are referred to I&A for assistance in accessing these services.

  • Reporting Requirement (1) In the event the Contractor identifies covered telecommunications equipment or services used as a substantial or essential component of any system, or as critical technology as part of any system, during contract performance, or the Contractor is notified of such by a subcontractor at any tier or by any other source, the Contractor shall report the information in paragraph (d)(2) of this clause to the Contracting Officer, unless elsewhere in this contract are established procedures for reporting the information; in the case of the Department of Defense, the Contractor shall report to the website at xxxxx://xxxxxx.xxx.xxx. For indefinite delivery contracts, the Contractor shall report to the Contracting Officer for the indefinite delivery contract and the Contracting Officer(s) for any affected order or, in the case of the Department of Defense, identify both the indefinite delivery contract and any affected orders in the report provided at xxxxx://xxxxxx.xxx.xxx.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove.

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • Post-Closing Requirements Borrowers shall complete each of the post-closing obligations and/or provide to Agent each of the documents, instruments, agreements and information listed on Schedule 7.4 attached hereto on or before the date set forth for each such item thereon, each of which shall be completed or provided in form and substance satisfactory to Agent.

  • Compliance with Record Keeping Requirements Participating Dealer agrees to comply with the record keeping requirements of the Exchange Act, including but not limited to, Rules 17a-3 and 17a-4 promulgated under the Exchange Act. Participating Dealer further agrees to keep such records with respect to each customer who purchases Primary Shares, his suitability and the amount of Primary Shares sold, and to retain such records for such period of time as may be required by the Commission, any state securities commission, FINRA or the Company.

  • Listing Requirements The Company shall not be obligated to deliver any certificates representing any shares until all applicable requirements imposed by federal and state securities laws and by any stock exchanges upon which the shares may be listed have been fully met.

  • Filing Requirements Escrow securities will not be released under this Part until the Issuer does the following:

Time is Money Join Law Insider Premium to draft better contracts faster.