Contributions to the Trust Clause Samples
The "Contributions to the Trust" clause defines the rules and procedures for adding assets or property to a trust. It typically outlines who is permitted to make contributions, the types of assets that can be contributed (such as cash, securities, or real estate), and any conditions or limitations on such contributions. For example, the clause may specify that only the settlor or designated third parties can add assets, and may require that contributions be formally documented. This clause ensures clarity and legal certainty regarding how the trust is funded, helping to prevent disputes over the validity or source of trust assets.
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Contributions to the Trust. Within sixty (60) days of joining the Trust, Employer will deduct from the paycheck of each participating employee who is receiving a paycheck for time worked at DOC a mandatory deduction per month, to be determined by AOCE. These deductions shall be treated as pre-tax contributions not subject to federal or state income tax withholding or FICA taxes unless otherwise required by law. Employer will remit those amounts monthly to the AOCE RMT Administrator. There shall be no employee election to take the amount of the contribution in cash. In the event that a participating employee does not have sufficient earnings to cover the deduction in any given month, no deduction will be made from the paycheck and nothing will be remitted to
Contributions to the Trust. (a) Grantor shall be required to make such monthly contributions as are required by Medicaid (estimates based upon the amount set forth in the Grantor Background Information Sheet). In the event the amount in Grantor’s sub-account falls to less than $50 for more than 2 months, Trustee may close the account and remove Grantor from the Trust.
(b) Any additional contributions to the sub-account by Grantor or any other party shall be deemed to be Trust property and shall be used solely for the benefit of the Grantor pursuant to the terms of the Trust.
Contributions to the Trust. (a) Grantor shall be required to make such contributions as are necessary pursuant to Medicaid (estimates based upon the amount set forth in the Beneficiary Background Information Sheet) are available on deposit.
(b) Any additional contributions to the Sub-Trust account by grantor, Beneficiary or any other party shall be deemed to be trust property and shall be used solely for the benefit of the Beneficiary pursuant to the terms of the Trust.
Contributions to the Trust. Annual payments and the nature of the contributions to the Trust shall be governed by Certificate Condition 165.
Contributions to the Trust. The Corporation may make such contributions to the Trust as it shall determine in its sole and absolute discretion, are necessary to provide benefits to the Participants under the Plan and for the Trust to pay any income taxes due on its income and gain (as provided in Section 3.8 of this Agreement). Notwithstanding anything to the contrary contained herein, no person, including, without limitation, the Trustee, the Actuary, any Participant or former Participant, or any Beneficiary thereof, shall have the right to require the Corporation to make any contribution to the Trust or to question the accuracy or correctness of any amounts so contributed.
Contributions to the Trust. SECTION 2.1. The Trustee shall receive from time to time such amounts in cash or other property acceptable to the Trustee as the Companies shall contribute pursuant to the terms of the Plan. Each such contribution shall be accompanied by a statement designating the Plan participant on behalf of whom such contribution is being made and, if more than one account has been established for such participant pursuant to Section 4, the account to which such contribution will be credited. The Trustee shall be under no obligation to collect any such contributions, and all responsibility for determining the amount, timing, and types of contributions made to the Trustee shall be upon the Companies or their designees. Nothing in this Agreement shall be construed as requiring the Companies, or any of them, to make any contributions to the Trust.
SECTION 2.2. All contributions so received and all proceeds, investments, reinvestments, and income thereof in the Trustee's possession shall be held, invested, and, with all disbursements therefrom, accounted for by the Trustee as provided in this Agreement.
SECTION 2.3. No portion of the Trust Fund shall be diverted to or used for any purpose other than the payment of benefits pursuant to the Plan, or for the payment of expenses of administering the Plan and the Trust, or for the payment of expenses incurred in the making and administering of Trust investments pursuant to Sections 4 and 5, until such time as the Companies' obligations to make payments pursuant to the Plan have been fully discharged; PROVIDED, and notwithstanding anything in this Agreement to the contrary, at all times during the continuance of this Trust, the principal and income of the Trust Fund shall be subject to the claims of the general creditors of the Companies. At any time that the Trustee has actual knowledge, or has determined, that a Company is "Insolvent," it shall deliver any undistributed principal and income credited to the accounts established for participants employed by such Company to satisfy such claims as a court of competent jurisdiction may direct. The Board of Directors and the Chief Executive Officer of each Company shall have the duty to inform the Trustee of that Company's Insolvency. If a Company or any person claiming to be a creditor of a Company alleges in writing to the Trustee that such Company has become Insolvent, and if the Trustee determines such allegation is made in good faith and upon reasonable grounds, the Trustee sha...
Contributions to the Trust. Fund shall be discontinued as of the first of the month immediately following:
1. A layoff or leave of absence of thirty (30) calendar days or more, other than an approved Family and Medical leave of absence, except as otherwise provided below. For the purpose of this section an eligible employee who is on an approved personal leave of absence of two (2) weeks or less or on military leave of absence of two (2) weeks or less shall be credited with the hours he would normally have worked in such week or weeks. Effective January 1, 2015, contributions will not be discontinued in the case of a leave of absence for those months that employee remains in a stability period.
2. The employee’s ceasing to be an eligible employee due to failure to meet the requirements in paragraphs 19.01 through 19.10.
Contributions to the Trust. (a) Upon the occurrence of a "CIC Trigger Event" (as defined in Section XVII of this Agreement) or a Change in Control (if no CIC Trigger Event precedes the Change in Control), the Parent Corporation shall deliver to the Trustee to be held in trust hereunder an amount of cash, marketable securities (valued at fair market value), insurance policies or a combination thereof (the "Required Contribution") equal to the amount that, together with any amounts already held by the Trust Fund, will be sufficient to provide for the obligations of the Company and the Employers under the Plans. Such amount shall be determined by the Parent Corporation in its discretion, but shall not be less than such amount as would be determined (i) using an annual interest rate assumption of 6%, (ii) using the UP-84 mortality table for benefits payable under the Plans three or more years after the date of the Required Contribution and no mortality assumption for benefits payable less than three years from the date of the Required Contribution, (iii) assuming that, for purposes of determining the amount to be transferred to the Trust with respect to those Plans that are agreements (the "CIC Agreements") providing for the payment of benefits in the event of certain terminations of employment following a Change in Control, that all Participants who are covered by such agreements are terminated without "Cause" (as defined in such agreements) by the Company as of the first day of the applicable "Coverage Period" (as defined in the agreements) and (iv) assuming that, for purposes of determining the amount to be transferred to the Trust with respect to each Plan that is not a CIC Agreement, that each Participant terminates employment with the Company and the Employers as of the earliest date as of which the Participant is entitled to begin receiving benefits under each such Plan (assuming the Participant terminated employment as of such date). If such Required Contribution is made as the result of a CIC Trigger Event, such Required Contribution, as adjusted for income and losses, shall be returned to the Parent Corporation upon the written request of the Parent Corporation; provided, however, that the Required Contribution may not be returned to the Parent Corporation during the existence of a Change in Control Period or after a Change in Control.
(b) At twelve-month intervals commencing twelve months after the date a Required Contribution is made pursuant to Section 3.1(a) hereof, unless ...
Contributions to the Trust. (a) All contributions that a Participant makes to be invested by the Trustees shall be paid and delivered to the Trustees to be held in the Trust Fund. The Trustees shall, and hereby agree to, hold such funds in trust, along with the income, appreciation or depreciation and expenses thereon, if any. Contributions to the Trust shall only be made by a Participant.
(b) All payments made by a Participant to the Trust, and all other money or property that lawfully becomes a part of the Trust Fund, together with the income, appreciation or depreciation and expenses, if any, therefrom, shall be held, managed and administered in trust, pursuant to the terms of this Trust Agreement. The Trustees accept this Trust and agree to perform the duties, responsibilities and obligations under this Trust Agreement allocated to them as fiduciaries.
Contributions to the Trust. SECTION 2.1. The Trustee shall receive from time to time such amounts in cash or other property acceptable to the Trustee as the Companies shall contribute pursuant to the terms of the