Accrued fixed contributions Clause Samples

The "Accrued fixed contributions" clause defines the obligation to pay contributions that have accumulated over time at a predetermined, unchanging rate. This clause typically applies to financial arrangements such as pension plans or employee benefit schemes, where regular, fixed payments are required from participants or employers, and any unpaid amounts continue to accrue until settled. Its core practical function is to ensure that all parties are clear about their ongoing payment responsibilities and to prevent disputes over missed or delayed contributions by specifying how and when these fixed amounts must be paid.