Final Contributions Clause Samples

Final Contributions. Any Member, which was a participant in a program of PACT shall be responsible for any additional amount of contributions as determined by the Board in accordance with a Loss allocation formula as necessary for final disposition of all claims arising from losses under that program during the Member's period of participation.
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Final Contributions. The contribution shown on the Declarations page, schedules, and endorsements is an estimate. The final contribution will be determined after this agreement ends by using the actual, not the estimated, contribution basis and the proper classification and rates that lawfully apply to the business and work covered by this agreement. If the final contribution is more than the contribution you paid to us, you must pay us the balance. If it is less, we will refund the balance to you. The final contribution will not be less than the highest minimum contribution for the classifications covered by this agreement. 1. If we cancel, final contributions will be calculated pro rata based on the time this agreement was in force. Final contribution will not be less than the pro rate share of the minimum contribution. 2. If you cancel, final contribution will be more than pro rate; it will be based on the time this agreement was in force, and increased by our short rate cancellation table and procedure. Final contribution will not be less than the minimum contribution.
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Related to Final Contributions

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 .

  • 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.

  • 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.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.