Examples of Contribution Credit in a sentence
Effective January 1, of the following year, to continue receiving the Contribution Credit, employees must meet the Wellness criteria described above each year.
The Wellness Contribution Credit will be offset against required weekly contributions for all Competitive Employees through the first calendar year of employment.
Xx. Xxxxxxx shall be credited with a Fifty-five Thousand Dollar ($55,000.00) University Contribution Credit under the 457(f) Plan as of each June 30 during the Term of this Agreement, provided that she remains employed as President on such date.
No credits, refunds, dividends or Contribution Credits of any kind shall be payable to, paid to or credited against any debts owed to the Fund by any person or entity who is not a member of the Fund on the date established by the Trustees as of the date the credit, refund, dividend or Contribution Credit becomes effective (the “Effective Date”), even if the person or entity was a member of the Fund during the period to which the credit, refund, dividend or Contribution Credit relates.
Any unapplied portion of a Contribution Credit that has been assigned to a member who withdraws from the Fund (or whose membership in the Fund is terminated) after the Effective Date of the Contribution Credit shall be, in the sole discretion of the Fund (to be exercised and/or changed at any time), credited back to the Fund (in which case the former member shall lose all rights in the Contribution Credit).