Required Contributions. The Company has made all required contributions under each Pension Plan on a timely basis or, if not yet due, adequate accruals therefore have been provided for in the financial statements. No Pension Plan has incurred any "accumulated funding deficiency" within the meaning of Section 302 of ERISA or Section 412 of the Code and no Pension Plan has applied for or received a waiver of the maximum funding standards imposed by Section 412 of the Code.
Required Contributions. The Borrower shall, and shall cause each Subsidiary of the Borrower and Controlled Group Members to, make contributions to each Plan when due in accordance with the minimum funding requirements under ERISA and the Code applicable to such Plan and pay any required PBGC premiums as and when due for such Plan.
Required Contributions. Bargaining unit members covered by this Section B shall continue to pay, through payroll deduction, 8.0% of compensation earnable contribution to CalPERS.
Required Contributions. Bargaining unit members covered by this Section B shall continue to pay, through payroll deduction, 8.0% of compensation earnable contribution to CalPERS. 6.197% shall be contributed toward the City’s pension costs, and 1.803% shall be contributed toward the employees’ pension contribution. The City shall pay 6.197% of compensation earnable as EPMC (Employer Paid Member Contribution) and shall report the same percent (value) of compensation earnable as special compensation pursuant to Government Code Section 20636(c) (4).
Required Contributions. (a) (i) The Employers agree to make welfare contributions for each hour worked by each Employee covered by this Agreement in addition to the wages herein stipulated, said amounts may hereafter be amended in future bargaining as required to maintain the current level of benefits. From June 1, 2017 until May 31, 2018 each Employer shall contribute $11.56 per hour for each hour worked by each Employee covered by this agreement. From June 1, 2018 until May 31, 2019 each Employer shall contribute $11.56 per hour from the June 1, 2017 - May 31, 2018 contract year, plus such additional amount as the Union chooses to allocate from its June 1, 2018 total economic adjustment package. From June 1, 2019 until May 31, 2020 each Employer shall contribute the amount per hour from the June 1, 2018 - May 31, 2019 contract year, plus such additional amount as the Union chooses to allocate from its June 1, 2019 total economic adjustment package. From June 1, 2020 until May 31, 2021 each Employer shall contribute the amount per hour from the June 1, 2019 - May 31, 2020 contract year, plus such additional amount as the Union chooses to allocate from its June 1, 2020 total economic adjustment package. Such contributions shall be made to the Chicago Painters and Decorators Welfare Fund, hereafter referred to as the “Welfare Fund.” The Union commits to allocate to the Welfare Fund from its total economic package during the life of this contract such amounts as are required to maintain current benefits, as calculated by the Welfare Fund consultants, before any distribution is made to the wage allocation from the total economic adjustment package.
Required Contributions. On or prior to the Closing Date, Sellers shall make, or shall cause to be made, all contributions (including without limitation, all employer matching or other contributions and employee salary reduction contributions) to and payments from any Seller Benefit Plan in respect of any Company Employees (except those distributions to be made from a trust qualified under Section 401(a) of the Code) that pursuant to the Seller Benefit Plans or in accordance with Sellers' past practice and in the ordinary course, become due or would normally be paid prior to the Closing Date.
Required Contributions. All contributions required to be made by the Acquiror or the Acquiror's Subsidiaries to such Benefit Plans pursuant to their terms and provisions have been made timely.
Required Contributions. Company or the Bank has made when due all contributions required under any Employee Benefit Plan and under applicable laws and regulations.
Required Contributions. You are required to pay the monthly Required Contribution on behalf of Your Participants and Beneficiaries. The Required Contribution amount will be calculated based on the number of Participants and Beneficiaries that are shown in the Trust’s enrollment records at the time of calculation, subject to any adjustments that may be made if You are a member of one of our Partner Organizations. We may make retroactive adjustments to the Required Contribution for any additions or terminations of Participants or Beneficiaries or changes in coverage that are not reflected in Our records at the time We calculate the Required Contribution. Adjustments will not be made for changes occurring more than 60 days prior to the date We received notification of the change from You. You must notify Us in writing within 31 days of the effective date of any enrollment, termination or other changes. You must also notify Us in writing each month of any change in the Coverage Classification for any Participant. The Trust reserves the right to change the schedule of Required Contribution amounts at any time if such amount was determined based on a material misrepresentation that resulted in the rates being different than they would have been without such material misrepresentation. If this happens, We may change the rates retroactive to the effective date of Your coverage. We reserve the right to change the schedule of Required Contributions, after a 31- day prior written notice on the first anniversary of the effective date of this Participation Agreement specified in the application or on any monthly due date thereafter, or on any date the provisions of this Participation Agreement are amended.
Required Contributions. No Target Plan that is a Target Pension Plan has incurred any “accumulated funding deficiency” within the meaning of Section 302 of ERISA or Section 412 of the Code and no Target Plan that is a Target Pension Plan has requested or received a waiver of the minimum funding standards imposed by Section 412 of the Code.
