CONTRIBUTION CHANGES Clause Samples

The "Contribution Changes" clause defines the process and conditions under which modifications can be made to the contributions provided by parties under an agreement. Typically, this clause outlines how parties may propose changes, the approval process required, and any limitations or notice periods that must be observed. For example, it may specify that any adjustments to the scope, timing, or nature of contributions must be agreed upon in writing by all parties involved. The core function of this clause is to provide a clear and structured mechanism for managing changes, thereby reducing misunderstandings and disputes related to evolving obligations.
CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: i. Plan Year --- ii Semi-annual period, based on --- the Plan Year iii. X Quarter, based on the Plan Year --- iv Month --- v Other, as specified below --- (provided that it is at least once per year): b. Claims for returns of Excess Before Tax Contributions for the Participant's preceding taxable year must be made in writing, and submitted to the Committee by March 15 (specify a date between March 1 and April 15).
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CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: i ___ Plan Year ii ___ Semi-annual period, based on the Plan Year iii X Quarter, based on the Plan Year iv ___ Month v ___ Other, as specified below (provided that it is at least once per year):
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CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: I Plan Year ---- II Semi-annual period, based on the Plan Year ---- III Quarter, based on the Plan Year ---- IV Month ---- V X Other, as specified below: ---- Effective as of February 1, May 1, August 1, and November 1, but not more than twice during each Plan Year b. Claims for returns of Excess Before Tax Contributions for the Participant's preceding taxable year must be made in writing, and submitted to the Committee by March 1 (specify a date between March 1 and April 15)(19). --------------------------------------------
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CONTRIBUTION CHANGES. In consultation with CPCFA, the Executive Officer of CARB may direct that the premium contribution schedule be adjusted, however, the premium contributions for each enrolled loan may be no less than 4 percent of the borrower’s enrolled loan amount and no more than 25 percent. Such adjustments shall take into account program objectives including maximizing available program funding and increasing participation by lenders and borrowers in the ZEHDV Air Quality Loan Program throughout California. Any such change to the premium contribution schedule shall be enacted by written memorandum from the Executive Officer of CARB. Previous Loan Loss Reserve Accounts: Participating lenders may also utilize the same loan loss reserve accounts established and maintained, either by the participating lender or the Trustee, under previous Interagency Agreements 08-607, 13-606, or 18MSC004 (and any subsequent amendments), for the purpose of the HDV Air Quality Loan Program and/or the ZEHDV Air Quality Loan Program.
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CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: b. Claims for returns of Excess Before Tax Contributions for the Participant's preceding taxable year must be made in writing, and submitted to the Committee by March 1 (specify a date between March 1 and April 15). (18)
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Related to CONTRIBUTION CHANGES

  • 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.

  • 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.

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.