Commencement of Contributions Clause Samples

The 'Commencement of Contributions' clause defines when parties are required to begin making their agreed-upon payments or contributions under a contract. Typically, this clause specifies a particular date, event, or condition that triggers the obligation to start contributing, such as the signing of the agreement or the achievement of a project milestone. By clearly establishing the starting point for contributions, this clause ensures both parties have a mutual understanding of their financial or resource commitments, thereby preventing disputes over timing and helping to coordinate project or partnership activities.
Commencement of Contributions a) In the case of joint provident fund schemes, the contributions shall commence in the month immediately following the month of the employee’s written consent to participate in the scheme and shall end in the month immediately following the month of termination of a labour relationship. b) In the case of individual provident fund schemes, the contributions shall commence in the month when the related scheme comes into effect.
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Commencement of Contributions. All newly hired employees shall participate in and commence contributions to the Municipal Pension Plan from their initial date of hire.
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Commencement of Contributions. Contributions to the Teamsters Local Union No. 727 Benefit Funds for all new employees shall commence with the month in which their employment begins. However, if the Employer has made a contribution to the State’s Plan for that month, contributions for new employees shall commence the month after opt-in.
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Commencement of Contributions. Employer contributions to the NPP or, if applicable, to the RSP for Contract Employees will commence on the earliest of: • emergence from bankruptcy, or • date of signing this Agreement plus twelve (12) months should the Pension Plan be frozen, or • upon approval of the bankruptcy court of the plan termination should the Pension Plan be terminated. The “NORTHWEST AIRLINES PENSION PLAN FOR CONTRACT EMPLOYEES” heretofore adopted by NORTHWEST AIRLINES, INC., a Minnesota corporation, and heretofore amended by fourteen amendments (hereinafter collectively referred to as the “Plan Statement”), is hereby further amended in the following respects:
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Related to Commencement of Contributions

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

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • 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.

  • 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.