Additional Contribution definition

Additional Contribution. Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

Additional Contribution means any contribution made by or on behalf of a participant to the retirement system other than employee and employer required contributions.

Additional Contribution means the Contributions described in Section 7.1 (c) and Section 8.1(c);

Examples of Additional Contribution in a sentence

• If the Member elects to have his or her Additional Contribution Account paid in the form of an annuity, the annuity that is payable based on the contributions reposed in the said Additional Contribution Account shall be deposited into the Member’s DROP Account.

• In addition, a Member’s Additional Contribution Account, which may be an accumulation of pre-tax and post – tax contributions, shall be deposited into the Member’s DROP Account.

• Contributions reposed in the Additional Contribution Account which are deposited into the Member’s DROP Account shall be identified by the Pension Trust and by the third party administrator retained by the Board of Trustees for administration of the DROP accounts as to their status as either pre-tax or post-tax contributions.

• If the Managing Member, with the concurrence of Members holding a majority in interest of the Company, shall determine there shall be a Required Amount for any Company purpose, including, without limitation, those purposes set forth in Article 5, then within fifteen (15) days of notice of such requirement, each Member may, but shall not be obligated to, contribute to the Company his Additional Contribution.

• Upon the death of a Tier Two Retired Participant who has elected installment payments pursuant to this paragraph, any Additional Contributions remaining in the Retired Participant’s Additional Contribution account shall be paid to the Retired Participant’s designated beneficiary.

More Definitions of Additional Contribution

Additional Contribution a capital contribution (other than the Initial Contribution) that a Member makes to the Company, as described in 3.2.

Additional Contribution means any and all additional contributions approved in writing by the Management Committee and made by any Member to the capital of the Company pursuant to Section 3.02.

Additional Contribution means any additional or further contribution to an Annual Fund by a Member, after the initial Contribution to that Annual Fund, called for or demanded by the Board pursuant to this deed and the Scheme Rules.

Additional Contribution shall have the meaning assigned to such term in Section 4.6(a).

Additional Contribution has the meaning set forth in Section 5.2.1.

Additional Contribution means Capital Contributions, other than Initial Contributions, made by Members to the Company.

Additional Contribution means Capital Contributions, other than Initial Contributions, made by a Member to the Company.