DISTRIBUTION OF CONTRIBUTIONS Clause Samples

The "Distribution of Contributions" clause defines how contributions, such as funds, resources, or assets provided by parties to an agreement, are allocated or shared among those parties. Typically, this clause outlines the method or formula for distributing contributions, which may be based on proportional input, predetermined shares, or specific milestones. For example, in a joint venture, it might specify how each partner's financial or material contributions are recognized and distributed in relation to their ownership percentage. The core function of this clause is to ensure transparency and fairness in the allocation process, thereby preventing disputes and clarifying each party's entitlements.
DISTRIBUTION OF CONTRIBUTIONS. The Statewide Campaign Organization shall disburse contributions at least quarterly beginning in April 2024 to each participating federation. Each federation shall accept responsibility for the accuracy of the distribution amount to their member agencies. If a federation plans to reimburse the cost of disbursing SECC funds to its partnering agencies, it must disclose a plan to do so to the SECC, just above the signature section of this memorandum of agreement. They must also justify amounts deducted from their disbursements to participating agencies. These deductions shall not exceed 11% of net receipts. Each federation must be willing and able to provide a bond, if required, in an amount satisfactory to the SECC Advisory Committee to protect the participant organizations and contributors. In the event that a federation ceases to comply with the criteria and procedures as set forth in these rules, the SECC Advisory Committee will distribute the designated and undesignated funds contributed to the federation equally among the SECC charitable organizations under said federation. In the event a SECC charitable organization in a federation ceases to comply with the criteria and procedures as set forth in these rules, the SECC Advisory Committee will distribute the funds contributed to that organization, designated and undesignated, to the federation for distribution in accordance with federation policy. In the event a SECC charitable organization or any of its directors, officers or employees are the subject of any investigation or legal proceeding by any federal, state or local law enforcement authority based upon its charitable solicitation activities, delivery of program services, or use of funds, the organization must disclose the same to the SECC within 10 days of its learning of the investigation or proceeding. It must also disclose within 10 days the outcome of any such investigation or proceeding.
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DISTRIBUTION OF CONTRIBUTIONS. The Trustee has agreed, pursuant to the terms of the Trust Agreement, to irrevocably hold, invest and reinvest all Contributions received by it in the Savings Account together with all income earned thereon, subject to the Fees, for purposes of making: (a) EAPs; (b) AIPs; (c) Contribution Refunds; (d) Transfers; and (e) at the direction of the Foundation, payments to, or to a trust in favour of, a Qualifying Institution.
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DISTRIBUTION OF CONTRIBUTIONS. The Statewide Campaign Organization shall disburse contributions at least quarterly, beginning in April 2024, to each participating independent agency. The SECC Advisory Committee may discontinue distribution of funds to any charitable organization that ceases to comply with the criteria and procedures set forth in 01 NCAC 35. The remainder of the agency funds shall be distributed as the SECC Advisory Committee may designate. In the event that a charitable organization or any of its directors, officers or employees are the subject of any investigation or legal proceeding by any federal, state or local law enforcement authority based upon its charitable solicitation activities, delivery of program services, or use of funds, the organization must disclose the same to the SECC within 10 days of its learning of the investigation or proceeding. It must also disclose within 10 days the outcome of any such investigation or proceeding.
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Related to DISTRIBUTION OF CONTRIBUTIONS

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.