Contribution Payment definition
Examples of Contribution Payment in a sentence
The Apprentice Contribution Payment of $5.00 is applied as per Clause 4.4 of this Agreement.
Notwithstanding the foregoing, but subject to Section 10.9, for the first three Program Years, all or part of the Contribution Payment shall be deferred as shown in Table 1 set forth below.
Such Contribution Payment shall be payable by the Agent to Monsanto in twelve equal monthly installments which shall be due on the first day of each month and shall not be subject to any “set-off”.
In addition to the above-described Health Insurance Contribution Payment, employees who elect secondary coverage or any other plan voluntarily offered by the City shall pay the excess cost, if any, of the secondary or other such coverage over the primary coverage, provided however, those employees who are subscribing to Blue Cross Classic as of July 1, 2000, shall be able to continue to receive Classic Blue as their Primary Health Care Coverage with no additional cost or co-pay to them.
Table 1 ------- Year Contribution Payment Amount Deferred ---- -------------------- --------------- 1999 -0- $20MM 2000 $ 5MM $15MM 2001 $15MM $ 5MM 2002 $20MM 2003-18 $25MM until the full $40MM bearing an 8% interest (starting to run on the date each monthly installment would otherwise be due) is entirely recovered by Monsanto, at which point the Contribution Payment shall revert to $20MM per Program Year.