Phase I Contribution Sample Clauses

Phase I Contribution. Subject to Sections 3.2(b)(iii) and (v), PM&G shall contribute to the Company and cause the Company to incur a minimum of $3,000,000 in Qualifying Expenses during each of the first two Annual Periods, so that by the end of the second Annual Period (the “Phase I Due Date”), PM&G has contributed to the Company and caused the Company to incur an aggregate of $6,000,0000 in Qualifying Expenses (the “Phase I Contribution”). The period from the Effective Date until the Phase I Due Date or such earlier date that PM&G has contributed and caused the Company to incur an aggregate of $6,000,000 in Qualifying Expenses and payments under Sections 3.2(b)(iii) and (vi) is referred to as the “Phase I Earn-In Period.” PM&G shall promptly give notice to Timberline of the completion of its Phase I Contribution.
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Related to Phase I Contribution

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

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

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

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.