Base Integrated Contribution Formula Clause Samples

The Base Integrated Contribution Formula clause establishes the method for calculating the fundamental contributions or payments required from parties under an agreement. Typically, this formula outlines the variables and parameters—such as base rates, quantities, or indices—that determine the amount each party must contribute, and may include adjustments for changes in circumstances or performance metrics. By providing a clear and consistent calculation method, this clause ensures transparency and predictability in financial obligations, reducing the risk of disputes over payment amounts.
Base Integrated Contribution Formula. The Employer’s contribution shall be allocated as an amount taking into consideration amounts contributed to Social Security using the two-step Base Integrated Allocation Formula as described in the Basic Plan Document #01; Employer Contributions shall be allocated as follows: _____% of each eligible Participant's Compensation, plus _____% of Compensation in excess of the Integration Level defined at Section III(E) hereof. If the Integration Level selected in Section III(E) is other than the Taxable Wage Base, the maximum disparity rate will be adjusted as follows: (a) if the Integration Level selected is greater than zero (0) but not more than the greater of $10,000 or 20% of the Taxable Wage Base, the maximum disparity rate will be 5.7%; (b) if the Integration Level selected is more than the greater of $10,000 or 20% but not more than 80% of the Taxable Wage Base, the maximum disparity rate will be 4.3%; (c) if the Integration Level selected is more than 80% of the Taxable Wage Base, but not more than any amount more than 80% of the Taxable Wage Base, but less than 100% of the Taxable Wage Base, the maximum disparity rate will be 5.4%.
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