Crediting of Contributions Sample Clauses

The Crediting of Contributions clause defines how and when contributions made by parties—such as payments, services, or resources—are recognized and recorded under the agreement. Typically, this clause outlines the criteria for what qualifies as a contribution, the process for documenting these contributions, and how they are credited toward obligations or entitlements. For example, it may specify that only documented and approved expenditures count toward a party’s required share. The core function of this clause is to ensure transparency and fairness in acknowledging each party’s input, thereby preventing disputes over whether obligations have been met.
Crediting of Contributions. Participant Deferrals are credited to a Participant’s Account as of the date that the Participant Deferral would have been paid to the Participant had there been no Enrollment Agreement. Company Deferrals are credited to a Participant’s Account as of the date that the Company Deferral was earned by the Participant.
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Crediting of Contributions. Deferred Compensation and matching Company contributions, since the preceding Valuation Date, shall be credited to the Bookkeeping Account as of each Valuation Date or, in the case of a Termination of Service or Retirement, as of the date of the Participant’s Termination of Service or Retirement.
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Crediting of Contributions. Pre-tax or after-tax participant contributions under the Plan for each calendar month will be paid or delivered to the trustee as soon as practicable after the payday on which the participant’s compensation is reduced but not later than 15 days after the end of the month such amounts are withheld. Irrespective of whether or not such contributions shall have been actually paid to the trustee and except as otherwise provided below in this subsection, as of the last day of each payroll period: (a) A participant’s contributions made during such payroll period will be credited to his Participant Account; and (b) Each Employer’s contribution for such period on behalf of a participant will be credited to the Employer Account of such participant.
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Crediting of Contributions. (a) Employer Contributions, Any contributions made in respect of any Plan Year (or fiscal year ending during a Plan Year) by the Employer after the end of the Plan Year or later shall be deemed to have been immediately credited after the valuation occurring at the end of the Plan Year with respect to which such contribution was made or during which such fiscal year ended.
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Related to Crediting of Contributions

  • 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.

  • 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.

  • 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.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.