PERCENTAGE CONTRIBUTION Clause Samples

PERCENTAGE CONTRIBUTION. Employer shall contribute an amount equal to 12% of all earnings (excluding health and welfare payments, cartage fees, late payment penalties and travel, food and clothing expenses) of whatever nature covered by this Agreement, computed at scale earnings: These contributions shall be made: a. With respect to services rendered in the United States, to the American Federation of Musicians and Employers’ Pension Fund (AFM-EP Fund). The Employer agrees to be legally bound by the Agreement and Declaration of Trust Establishing the American Federation of Musicians and Employers’ Pension Fund, as amended from time to time, which is incorporated by reference into this Agreement. b. With respect to services rendered in the Dominion of Canada, to the American Federation of Musicians’ and Employers’ Pension Welfare Fund [AFM-EPW Fund] (Canada), created pursuant to Agreement and Declaration of Trust, dated April 9, 1962.
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PERCENTAGE CONTRIBUTION. For each Plan Year, the Employer will contribute for each eligible Participant an amount equal to ___% (not to exceed 15%) of such Participant's Compensation.
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Related to PERCENTAGE CONTRIBUTION

  • 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.

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

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • 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.