Net Contributions definition

Net Contributions. The sum of all Contributions credited to a Participant Account less any net Withdrawal Amounts, outstanding loan (including principal and due and accrued interest) and amounts converted to a Payout Annuity.

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Net Contributions means as determined in the Company's internal management reporting which shall be prepared on a basis consistent with past practice and is determined after all operating costs and sales and marketing expenses, but before amortization, interest income or expense, and income tax expense.

Net Contributions means the Contributions to this Plan by the Participants, less the Annual Service Fees and the Transaction Fees.

Examples of Net Contributions in a sentence

Market Value Hurdle (MVH) =$600,000; Current Year Beginning Market Value= $466,207; Year End (Dec 31st) Market Value= $606,590; Hurdle Rate= 6%; Portfolio Return during the Year=30.11%; Average Month-End Assets Under Management (AUM) during Year= $527,244; Net Contributions (Withdrawals) (NCW) during the Year= $0.
Market Value Hurdle (MVH) =$600,000; Current Year Beginning Market Value= $600,000; Year End (Dec 31st) Market Value= $550,000; Hurdle Rate= 6%; Portfolio Return during the Year= (8.33%); Average Month-End Assets Under Management (AUM) during Year= $582,000; Net Contributions (Withdrawals) (NCW) during the Year= $0.
Market Value Hurdle (MVH) =$600,000; Current Year Beginning Market Value= $600,000; Year End (Dec 31st) Market Value= $612,000; Hurdle Rate= 6%; Portfolio Return during the Year=2%; Average Month-End Assets Under Management (AUM) during Year= $604,000; Net Contributions (Withdrawals) (NCW) during the Year= $0.
Market Value Hurdle (MVH) =$600,000; Current Year Beginning Market Value= $600,000; Year End (Dec 31st) Market Value= $660,000; Hurdle Rate= 6%; Portfolio Return during the Year=10%; Average Month-End Assets Under Management (AUM) during Year= $615,000; Net Contributions (Withdrawals) (NCW) during the Year= $0.
If, after thirty-six (36) months from the date the Plan is entered into, the total funds accumulated in the Savings Account, including Net Contributions, Governments Grants and income earned thereon, is less than $350, the Foundation reserves the right to terminate the Agreement.
Aetna must be told the percentage of all Net Contributions to allocate to one or more of the investment options.
This Individual Account will be credited with employee Net Contribution(s) and transferred amounts of 403(b) funds, attributable to employee contributions including after tax contributions.
This Individual Account will be credited with employee Net Contribution(s) specifically amounts subject to Code Section 414(H) and transferred amounts of 401(a) funds, attributable to 414(H) contributions and any after tax contributions.
Sub-Accounts will be established on the first day of each calendar month for Net Contributions to be allocated to the General Account during the month.
In calculating the Net Contributions Remaining, the Trustees have the discretion to include hours on which contributions were due and not paid in determining the contributions received.

More Definitions of Net Contributions

Net Contributions means actual Contributions (premiums) paid in each Fund Year by each Member to the Trust modified by the experience modification factor (as calculated according to the NCCI’s experience modification formula), less the discounts. Final Contributions may be greater or less than the aggregate Net Contributions of all of the Members as a result of audit.

Net Contributions means the total contributions paid by a member to the Society as contributions to the fund under the table in respect of a nominated child but does not include contributions for membership, enrolment and administration fees;

Net Contributions. , in relation to a valuation, means those contributions for which credit is taken in the valuation.

Net Contributions means the Gross Contributions paid by the member to The Education Fund (New Zealand) and the Supplementary Education Program (New Zealand) less the membership and administration fees.

Net Contributions. The sum of all Contributions credited to the Participant's Account Value less any amounts paid when a withdrawal occurs and less any outstanding loan balance." The following paragraph will be added after the last paragraph of Section 4.05 of Article 4: "Upon receipt of request for payment due to a Participant's death, we will make a payment equal to the greater of the following amounts: (a) The Net Contributions, or (b) The Participant's Account Value less any outstanding loan balance." The following paragraph will replace the first paragraph of Section 5.02 of Article 5: "If a Participant dies prior to the Annuity Commencement Date, upon receipt of due proof of death and required claim forms and upon our approval of the death claim, we will pay the Beneficiary, if one is living, a death benefit equal to the greater of the following amounts: (a) The Net Contributions, or (b) The Participant's Account Value less any outstanding loan balance." The following paragraph will be added after the last paragraph of Section 5.02 of Article 5: "At the Participant's option, a Participant can elect in writing the settlement option payable to the Beneficiary upon his or her death."

Net Contributions. The Net Contribution equals the actual Contribution less any applicable premium tax. Generally, Aetna will deduct the premium tax when Annuity benefits are purchased (See Section V). If Aetna determines that under applicable state law, it must pay a premium tax when the Contribution is received, or at any other time, it may deduct the tax at that time. The Net Contribution(s) may be allocated among the following investment options: a) The Fixed Plus Account; and b) The current Deposit Period(s) for Guaranteed Terms under the GA Account; and c) The Fund(s) in which the Separate Account invests. The Participant must tell Aetna the percentage of all Net Contributions to allocate to one or more of the investment options. The Participant may change the allocation of future Net Contributions at any time, without charge. Aetna reserves the right to require a minimum Contribution amount per Individual Account.