Additional Special Contributions Clause Samples

Additional Special Contributions. Notwithstanding anything in this Plan to the contrary, in lieu of distributing excess contributions and/or excess aggregate contributions, as provided in Section 13.07(b)(4) and/or 13.07(d) above, the Company may make and allocate a Special Contribution to NHCEs in the Plan in an amount and manner which will cause the Plan to meet the Actual Deferral Percentage and/or Actual Contribution Percentage tests for the Plan Year.
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Related to Additional Special Contributions

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • 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.

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

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • 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.