Contribution Credits Sample Clauses

Contribution Credits. Contribution ‘credits’ may be provided to the developer in respect to the works delivered under an agreement. These ‘credits’ may be considered by Council to offset development contributions that may be imposed on that development through a DA consent or CDC Council has discretion in the consideration of the opportunity for contribution credits and will consider the following principles when assessing the opportunity for credits: • Where the work within the agreement is listed in a development contributions plan, a credit cannot exceed the value of that work in the contributions plan. • No credits will be given for works or land additional to the requirements of a contributions plan. • Where the completed works exceed the cost of works within the contributions plan, no credits will be available. • Where the contribution credit is less than the contributions imposed by a DA consent or CDC, the balance of these contributions is to be paid to Council. • Works delivered under an agreement that satisfy obligations under Councils Community Infrastructure Policy will not be considered for credits. • Generally, the offset amount considered will only be up to the amount payable in respect of the same category of infrastructure included in a contributions plan. • If a contributions credit exceeds the contributions plan requirement, Council may at its discretion: • Allow the developer to use the remaining part of the credit in relation to future development in the locality of the development where the VPA applies, or • Enable monetary recoupment of credits from future development, where the exceeding credits have benefited this land by delivering works subject to the contributions plan, or • In limited situations- pay the difference. CRITERIA FOR THE ASSESSMENT OF THE ACCEPTABILITY OF VOLUNTARY PLANNING AGREEMENTS • Is the planning agreement directed towards a legitimate planning purpose? Is this purpose identified in statutory planning controls and other adopted strategies of Council? • Do the proposed public benefits have a relationship to the development that are not wholly unrelated to the development? • Does the agreement meet values and expectations of the public and protect public interest? • Does the planning agreement provide a reasonable means to achieve the desired outcomes for the development? • Does the planning agreement demonstrate the achievement of a public benefit? • Where the agreement relates to a change in zoning or development standards, does th...
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Contribution Credits. The Company will credit to the Retirement Account the amount that would have been contributed on Xxxxxxxxx s behalf under the Retirement Plan for the years 1997 and 1998 if Xxxxxxxxx had been eligible to participate in that Plan upon assuming his duties under the Employment Agreement. That credit will be made at the time the Company otherwise makes its 1997 contribution to the Retirement Plan.
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Contribution Credits. The Bank shall credit $55,000.00 per calendar year to Executive’s Account as long as Executive is employed by the Bank at the time such amount is credited. Contribution Credits for any given Plan Year under this Section shall be credited to the Executive’s Account at such time or times established by the Bank in its sole discretion. This amount shall be in addition to amounts credited under the Supplemental Executive Retirement Plan of November 27, 2018, the “2018 Plan”.
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Contribution Credits. 5.1 The parties agree that in each separate agreement Contributions Credits will be accumulated in dollars calculated at the time the resource consent for the Public Work is granted.
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Contribution Credits. Dividends in the form of (i) cash payments or (ii) credits (“Contributions Credits”) to be applied toward member contributions required during the next fiscal year and to be paid out of the surplus of the Fund may, in the total discretion of the Board, be declared from time to time by resolution of the Board. The Board shall have full and final discretion to determine the form of the dividends. At no time will any dividends be paid that would impair the capital of the Fund. All dividends shall be calculated in accordance with the rules adopted by the Department. All Contribution Credits shall be subject to the following procedures and conditions:
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Contribution Credits. Any rights to Contribution Credits accruing after a change in ownership with respect to periods prior to such change in ownership shall remain with Employer named in this Participation Agreement provided such Employer's membership is renewed in accordance with Section
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Contribution Credits. Any rights to Contribution Credits accruing after a change in ownership with respect to periods prior to such change in ownership shall remain with Employer named in this Agreement provided such Employer's membership is renewed in accordance with Section 11. B. hereof. In the event of a change in ownership in which Employer's membership in the Fund is not renewed, but membership is renewed with respect to a successor owner in accordance with Section 11. B. hereof, then any rights to Contribution Credits shall be with such successor owner. Notwithstanding the foregoing, Employer and any new owner or successor may independently agree to allocate any such payment among themselves as they see fit. If the Fund does not renew membership with respect to Employer or any successor owner, then no party will be eligible for Contribution Credits.
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Contribution Credits 
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Related to Contribution Credits

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Rollover Contributions Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. If you roll over the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. Traditional IRA-to-Employer Retirement Plan Rollover: If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Rollover of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

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