Duration of Contribution Increases Sample Clauses

Duration of Contribution Increases. The Parties agree that in the eventuality the Professional Plan reaches a 100% solvency funded position as determined by the Plan’s actuary, or the Province exempts the University from solvency funding requirements, the Parties commit to meet to review, discuss, and agree, at that time to a sharing of normal costs. As well, at that time the University’s share of total normal costs shall be no less than 55.5% of total normal costs (i.e., the University’s share is 125% of employee contributions), unless mutually agreed otherwise by the Parties. If no agreement on the sharing of normal costs occurs, then the matter shall be submitted for mediation.
Sample 1
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Related to Duration of Contribution Increases

  • Cessation of Contributions The obligation of the employer to contribute to the Fund in respect of an employee shall cease on the last day of such employee's employment with the employer.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • 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.

  • General Wage Increases The Employer and the Union agree that the new Collective Agreement shall reflect wage adjustments as follows:

  • General Wage Increase Effective July 1, 2007, a general wage increase consisting of 2% was added to each grade and step of the pay plan(s) affecting the bargaining unit employees. Effective July 1, 2008, a general wage increase consisting of 2% will be added to each grade and step of the pay plan(s) affecting the bargaining unit employees.

  • Payment of Contributions The College and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Wage Increase 1. The minimum hourly wage amounts in the salary table in column I (job grades 1 up to and includ- ing 3) concern the statutory minimum wage and are adjusted in the event of an increase in the statutory minimum wage.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

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