Method of Contribution Clause Samples
The "Method of Contribution" clause defines how parties are required to provide their respective contributions—such as funds, resources, or services—under an agreement. It typically outlines the form, timing, and manner in which these contributions must be made, for example, specifying whether payments are to be made in cash, installments, or through in-kind services. By clearly establishing the process and expectations for contributions, this clause helps prevent misunderstandings and disputes regarding each party's obligations, ensuring smooth collaboration and fulfillment of the agreement.
Method of Contribution. The SLB committee shall be responsible for notifying the staff of the enrollment period and distribution of the enrollment forms.
Method of Contribution. A. Any certified staff member of the Sheridan School Corporation may contribute three (3) times in a school year to the Sheridan Schools Sick Leave Bank. The three (3) months that contributions can be made shall be September, January and May.
B. All contributions shall be made on the Sick Leave Bank Contribution Form which is affixed to these Rules and Regulations.
C. The Sick Leave Bank Contribution Form shall be available to all certified staff in the Office of the Principal in each building, in the Office of the Superintendent, or from the Committee Chair-person.
D. Upon completion of the Sick Leave Bank Contribution Form, the certified staff member shall return said Form to the Committee Chair-person who shall be responsible for delivering said form to the Office of the Superintendent for proper recording. If errors appear on the Sick Leave Bank Contribution Form, the contributing teacher shall be notified by the Office of the Superintendent, so that proper corrections may be made.
E. The participating certified staff member may contribute as many or as few of his/her accumulated sick leave days as he/she so desires with the explicit understanding that any days contributed shall be deducted first from the ten (10) days granted for each current school year and that he may not contribute more days than he has accumulated in the Sheridan School Corporation.
Method of Contribution. The contribution cited in paragraph 1 above shall be made via payroll deductions from any employee who receives medical and/or prescription coverage. Employees who are on an approved leave of absence or not receiving a regular paycheck for other reasons, but who remain eligible for coverage by the Township's health care plan, must directly pre-pay the Township on a monthly basis in advance their mandated contribution. Failure to make timely payment may result in discontinuance of coverage.
Method of Contribution. I understand and acknowledge that due to legal restrictions in Hong Kong, I will not be permitted to contribute a percentage of my Compensation towards the purchase of shares of Common Stock during the Offering Period by payroll deductions. Instead, I understand that any contribution I make for the purchase of shares under the Plan must be made to the Company by personal cheque or bank debit. I acknowledge that such contributions must be completed by me prior to the Exercise Date. Should my payment be in the form of a personal cheque, I understand that the cheque must be cleared and the funds placed in the Company’s account prior to the Exercise Date in order to exercise the option on the Exercise Date. I understand that if legal restrictions change, the Company reserves the right to allow payroll deductions for contributions towards the purchase of shares under the Plan. WARNING: I understand that the grant of the option to purchase shares of Common Stock and the issuance of Common Stock upon exercise of my option do not constitute a public offer of securities under Hong Kong law and are available only to employees. The Subscription Agreement, the Plan, this Appendix and other incidental communication materials that I may receive have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under applicable securities laws in Hong Kong. Furthermore, none of the documents relating to the Plan have been reviewed by any regulatory authority in Hong Kong. I understand that I am advised to exercise caution in relation to the offer. If I am in any doubt about any of the contents of the Subscription Agreement, including this Appendix A, the Plan, or any other communication materials, I understand that I should obtain independent professional advice.
Method of Contribution. Matching contributions to the annuity plan will be made on a monthly basis. As long as the member continues their employment in the School District, the district will continue matching contributions on a monthly basis until reaching the maximum matching contribution of $15,000 per member.
Method of Contribution. Contributions intended to qualify as Catch-up Contributions shall be made in accordance with such procedures as the Committee may specify from time to time. Such procedures shall, without limitation, permit a Catch-up Eligible Member for a calendar year to elect to make Elective Contributions in excess of any percentage limit lower than 75% otherwise applicable under Section 3.1.1, in an amount for each pay period equal to the total amount of catch-up contributions permitted for the calendar year under Section 16.4 divided by the number of payroll periods (or remaining payroll periods) applicable to the Member in such year, or in any greater amount the Member may specify that the Committee determines is permitted under such procedures, and to suspend and reinstate such elections in accordance with such procedures.
Method of Contribution. (a) All Equity Contributions required to be made by the Sponsor hereunder shall be made by Cash Contributions (or to the extent permitted hereunder, by providing an Equity Support L/C) for deposit into:
(i) with respect to any Base Equity Contributions, the Base Equity Account for application in accordance with the Accounts Agreement; and
(ii) with respect to any Funded Completion Support Contributions, the Construction Contingency Reserve Account and the Ramp-Up Reserve Account, as applicable, for application in accordance with the Accounts Agreement.
(b) The Sponsor shall, to the extent permitted by Applicable Law, be entitled to fund any required Equity Contribution to the Borrower:
(i) through the funding of Equity to the Borrower;
(ii) through the making of a Permitted Subordinated Loan directly to the Borrower; provided, that any such Permitted Subordinated Loan shall comply with the requirements set forth in Section 8.04 (Permitted Subordinated Loan); or
(iii) through any combination of the foregoing.
(c) Without prejudice to the Guaranteed Obligations and any other obligation of the Sponsor hereunder, if, at any time, DOE determines that any Equity Contribution by the Sponsor is less than the amount of Equity Contributions the Sponsor is then required to fund under the provisions of this Agreement, DOE shall instruct the Collateral Agent to:
(i) first, draw on any Equity Support L/C provided as support for such Equity Contribution; and
(ii) second, to the extent that such Equity Support L/C shall be insufficient or no such Equity Support L/C shall have been provided, give notice to the Sponsor demanding payment of an amount equal to such insufficiency, and upon receipt of such notice the Sponsor shall within ten (10) Business Days make a Cash Contribution for deposit in the Base Equity Account, the Construction 8 ▇▇▇▇▇▇▇ Pass – Affiliate Suport,Share Retention and Subordinatiom Agreement Contingency Reserve Account or the Ramp-Up Reserve Account, as applicable, in an amount equal to the lesser of:
(A) the amount of such insufficiency; and
(B) the then-remaining amount of the relevant Equity Funding Commitment.
(d) Unless the Borrower consummates a Disposition of the Subsidiary Guarantor in accordance with Schedule 9.03 (Specified Permitted Dispositions) of the LARA, the Borrower shall, to the extent permitted by Applicable Law, be entitled to provide funds to the Subsidiary Guarantor for purposes of maintaining (but not developing or exploiting) th...
Method of Contribution. Party A shall contribute in cash: USD 18,000,000. Party B shall contribute in cash: USD 12,000,000.
Method of Contribution. The parties agree to reasonably cooperate with each other to effect a tax efficient method or methods of contributing the Properties to the LLC, including but not limited to direct contribution of the Properties to the LLC from third party sellers, in order to (i) facilitate the construction of the Property and (ii) minimize transfer costs associated with the contribution of the Property to the Company. Shurgard shall pay any extraneous accounting and legal fees associated with implementing any contribution transaction contemplated by this Section 1.2 which inures to Shurgard's benefit only.
Method of Contribution. Participant’s Elective Deferrals may by stated on the basis of (Choose one of the following) o(A)A specified dollar amount per regular payroll,