Extraordinary Contributions Sample Clauses

The "Extraordinary Contributions" clause defines how significant, above-and-beyond efforts or achievements by a party are recognized and potentially rewarded within an agreement. This clause typically outlines the criteria for what qualifies as an extraordinary contribution, such as innovations, exceptional performance, or results that exceed standard expectations, and may specify additional compensation, bonuses, or other forms of acknowledgment. Its core practical function is to incentivize exceptional performance and ensure that parties are fairly compensated or recognized for contributions that go beyond the ordinary scope of their duties.
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Extraordinary Contributions. If the Partnership has at any time a liability arising out of a tort or a liability which is not customarily incurred by the Partnership in the ordinary course of the Partnership's business and which cannot be satisfied from Net Cash Flow or net proceeds from a Capital Transaction, such liability shall be solely the liability of the General Partner to the extent the assets of the Partnership are insufficient to pay such liability. In such cases, the General Partner shall make an Extraordinary Contribution to the Partnership, as soon as practicable, in an amount sufficient to satisfy such liability. Notwithstanding the provisions of Article VI, all losses of the Partnership which are funded by Extraordinary Contributions shall be allocated to the General Partners.
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Extraordinary Contributions. Upon the approval of the Admission Committee the General Meeting of the Cluster shall be entitled in some cases – in order to secure the financial instrument necessary for the implementation of specific projects (for example organizing conferences, events, having recourse to professional counselling, arrange for professional, legal and other studies to be carried out, tendering, etc.) – to adopt extraordinary contribution payment obligation. The Members – excepting the Nonprofit members – shall pay the extraordinary contribution proportionally with the membership fee determined in their case. The Cluster Management Company or the person initiating the project shall submit for approval upon the proposal of the project the draft budget of the project to the Admission Committee and – in case of positive decision of the Admission Committee – to the General Meeting. Upon deciding on the implementation of the project the General Meeting shall decide on the extraordinary contributions of the members, the decision shall include the amount of the contribution, the modality and deadline of payment and the administration of the unused amounts. The Cluster Management shall send a proforma invoice for the payable fee – membership fee, admission fee or extraordinary contribution – to the member who shall pay the amount to the bank account kept for the purposes of the Cluster within 5 days from its receipt. The Cluster Management shall issue the final invoice within 5 days from the date when the amount was credited to the bank account. The two managing directors of the Cluster Management shall be entitled to the right of disposal of the bank accounts kept by the Cluster Management, being jointly entitled to sign in the name of the company. The Cluster Management Company shall be obliged to act in compliance with present policy while administrating the bank accounts. The ▇▇▇▇▇ cash of the Cluster shall be administrated by the Cluster Management in its own name but always in the favour of the Cluster, considering its interests complying with the rules of the Accounting Act and other related acts. The person responsible with the administration of the ▇▇▇▇▇ cash is the managing director of the Cluster Management appointed by the member GreenGo. The managing director is responsible for the operation in accordance with the legislation of the ▇▇▇▇▇ cash, the establishment of the rules regarding the organisation of the accounts and the record keeping and the regular verification...
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Extraordinary Contributions. If the Partnership has at any time a liability arising out of a tort or a liability which is not customarily incurred by the Partnership in the ordinary course of the Partnership's business and which cannot be satisfied from Net Cash Flow or net proceeds from a Capital Transaction, such liability shall be solely the liability of the General Partner to the extent the assets of the Partnership are, insufficient to pay such liability. In such cases, the General Partner shall make an Extraordinary Contribution to the Partnership, as soon as practicable, in an amount sufficient to satisfy such liability. Notwithstanding the provisions of Article VI, all losses of the Partnership which are funded by Extraordinary Contributions shall be allocated to the General Partners.
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Related to Extraordinary Contributions

  • Voluntary Contributions Subrecipient must assure that voluntary contributions shall be allowed and may be solicited in accordance with the following requirements [OAA § 315(b)]: 1. The Subrecipient or any subcontractors for any Title III or Title VII-A services shall not use means tests. 2. Any Title III or Title VII-A client that does not contribute toward the cost of the services received shall not be denied services. 3. Methods used to solicit voluntary contributions for Title III and Title VII-A services shall be non-coercive. 4. Each service provider will: a) Provide each recipient with an opportunity to voluntarily contribute to the cost of the service. b) Clearly inform each recipient that there is no obligation to contribute and that the contribution is purely voluntary. c) Protect the privacy and confidentiality of each recipient with respect to the recipient’s contribution or lack of contribution; and d) Establish appropriate procedures to safeguard and account for all contributions. e) Use all collected contributions to expand the services for which the contributions were given and to supplement (not supplant) funds received under this program.

  • 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.

  • 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.

  • Member Contributions Each Member and the Manager further acknowledges that it may contribute ideas, knowledge, know-how and, potentially, Confidential Information of such disclosing Member or the Manager to the Company, the employees, agents or contractors of the Company. Each disclosing Member or the Manager shall retain ownership of such Confidential Information but grants to only the Company, not to the individual(s) to whom the information was disclosed in his/her respective personal capacity(ies), the limited right to use such Confidential Information solely and exclusively for the benefit of the Company, and not any individual Member other than the disclosing Member; and each Member and the Manager other than the discloser promises and agrees to not use Confidential Information of a disclosing Member or the Manager for any purpose whatsoever except in connection with the Company and except with the written consent of both the disclosing Member and the Company. For purposes of this Section X, all references to the Company shall include its Affiliates.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.