Combined Fund Sample Clauses

Combined Fund the donation is held partly as an Endowment Fund (see 6.1.2(a)) and partly as a Distribution/Flowthrough Fund (see 6.1.2(c)).
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Combined Fund. The Superannuation Scheme has been a Defined Benefit fund up to the present, but will be changed to become a combined Defined Benefit/Accumulation type fund. The Superannuation Scheme has therefore been improved to give members whichever is the higher amount upon retirement calculated on both the accumulation basis and on the defined benefit basis. This combined method will avoid members having to choose between separate accumulation and defined benefit categories and perhaps being tied to the one which pays out a lower benefit upon their retirement. The accumulation calculation for retiremnet benefit will be a sum of all the contributions plus interest taking into consideration vesting if required. The defined benefit calculation will be a multiple, according to the period of fund membership, of “Final average salary”. The multiple will be: · 0.15 times the number of years of membership in which a member contributes 4.5% of salary. · 0.12 times the number of years of membership in which a member contributes 3.75% of salary. The final average salary will be the average of the three highest annual salaries during the ten years preceding retirement.
Combined Fund. (e) The Victorian Independent Schools Superannuation Fund;

Related to Combined Fund

  • Red Hat Enterprise Linux Server Add-Ons Red Hat Enterprise Linux Server Subscriptions may be purchased with one or more add-on options (“Add-On(s)”). Add-Ons require a separate paid and active Software Subscriptions for each Unit that deploys, installs, uses or executes such Add-On. Each Unit of Add- Ons must match the Support Level (Standard and/or Premium), Unit of Measure and capacity as the underlying Red Hat Enterprise Linux Unit. Add-Ons are not supported on Red Hat Enterprise Linux Subscriptions with a Self-support service level except Smart Management Add-Ons. The Add-Ons include: High Availability, Load Balancer, Resilient Storage, Scalable File System, Smart Management, Extended Update Support, Extended Life Cycle Support and High Performance Network.

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • Positive sequence component of the fundamental frequency AC bus voltage at either the Xxxx 00xx Xxxxxx 345kV Substation 345kV AC bus or the Bergen 230kV AC bus greater than the upper limit or less than the lower limit as specified in Figure G-1. For the period up to 0.5 seconds, the upper voltage limit specified in Figure G-1 shall be applied to the greater of the fundamental- frequency positive-sequence AC bus voltage in pu on the nominal line-to-line rms voltage, the crest phase-to-ground voltage of any AC bus phase in pu of times the nominal line-to-line rms voltage, and the crest phase-to-phase voltage of any AC bus phase in pu of times the nominal line-to-line rms AC bus voltage.

  • Sponsored, Closely Held Investment Vehicle An Estonian Financial Institution satisfying the following requirements:

  • Collective Investment Vehicle An Investment Entity established in Finland that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle (including debt interests in excess of $50,000) are held by or through one or more exempt beneficial owners, Active NFFEs described in subparagraph B(4) of section VI of Annex I, U.S. Persons that are not Specified U.S. Persons, or Financial Institutions that are not Nonparticipating Financial Institutions.

  • Disregarded entity For U.S. federal tax purposes, an entity that is disregarded as an entity separate from its owner is treated as a “disregarded entity.” See Regulations section 301.7701-2(c)(2)(iii). Enter the owner's name on line 1. The name of the entity entered on line 1 should never be a disregarded entity. The name on line 1 should be the name shown on the income tax return on which the income should be reported. For example, if a foreign LLC that is treated as a disregarded entity for U.S. federal tax purposes has a single owner that is a U.S. person, the U.S. owner's name is required to be provided on line 1. If the direct owner of the entity is also a disregarded entity, enter the first owner that is not disregarded for federal tax purposes. Enter the disregarded entity's name on line 2, “Business name/disregarded entity name.” If the owner of the disregarded entity is a foreign person, the owner must complete an appropriate Form W-8 instead of a Form W-9. This is the case even if the foreign person has a U.S. TIN. Line 2 If you have a business name, trade name, DBA name, or disregarded entity name, you may enter it on line 2. Line 3 Check the appropriate box on line 3 for the U.S. federal tax classification of the person whose name is entered on line 1. Check only one box on line 3. IF the entity/person on line 1 is a(n) . . . THEN check the box for . . . • Corporation Corporation • Individual • Sole proprietorship, or • Single-member limited liability company (LLC) owned by an individual and disregarded for U.S. federal tax purposes. Individual/sole proprietor or single- member LLC • LLC treated as a partnership for U.S. federal tax purposes, • LLC that has filed Form 8832 or 2553 to be taxed as a corporation, or • LLC that is disregarded as an entity separate from its owner but the owner is another LLC that is not disregarded for U.S. federal tax purposes. Limited liability company and enter the appropriate tax classification. (P= Partnership; C= C corporation; or S= S corporation) • Partnership Partnership • Trust/estate Trust/estate Line 4, Exemptions If you are exempt from backup withholding and/or FATCA reporting, enter in the appropriate space on line 4 any code(s) that may apply to you. Exempt payee code. • Generally, individuals (including sole proprietors) are not exempt from backup withholding. • Except as provided below, corporations are exempt from backup withholding for certain payments, including interest and dividends. • Corporations are not exempt from backup withholding for payments made in settlement of payment card or third party network transactions. • Corporations are not exempt from backup withholding with respect to attorneys’ fees or gross proceeds paid to attorneys, and corporations that provide medical or health care services are not exempt with respect to payments reportable on Form 1099-MISC. The following codes identify payees that are exempt from backup withholding. Enter the appropriate code in the space in line 4.

  • Sponsored Investment Entity and Controlled Foreign Corporation A Financial Institution described in subparagraph B(1) or B(2) of this section having a sponsoring entity that complies with the requirements of subparagraph B(3) of this section.

  • Unexpended Funds Grantee understands and agrees that funds which remain unexpended at the end of the term of the Agreement or upon termination of the Agreement shall be returned to the Commonwealth within sixty (60) days of the project’s ending date or termination date along with the submission of the Final Completion Report and/or Final Expenditure Report, depending on the applicable program requirements.

  • CHECK-OFF UNION DUES 5.1 The Corporation shall, subject to the conditions and exceptions set forth hereunder, deduct on the payroll for the first pay period of each month from wages due and payable to each employee coming within the scope of this Collective Agreement, an amount equal to the prevailing monthly dues of the Union and shall remit the same by cheque (accompanied by a statement of deductions from individuals) to the Union Local Secretary- Treasurer, not later than twenty (20) days following the pay period in which the deductions are made.

  • CAPITAL PLAN AND HIGHER MINIMUMS (1) The Bank shall achieve by March 31, 2005 and thereafter maintain the following capital levels (as defined in 12 C.F.R. Part 3):

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