Section 125 Plan definition

Section 125 Plan means the flexible spending accounts or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored by Fountain as described in Section 6.7(b).

Section 125 Plan. (i) when immediately preceded by “Tyco,” shall mean a flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored by Tyco, (ii) when immediately preceded by “Healthcare,” shall mean the flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored program to be established by Healthcare under Section 6.8(b)(i); and (iii) when immediately preceded by “Electronics,” shall mean the short flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored to be established by Electronics under Section 6.8(b)(ii).

Section 125 Plan means a cafeteria or premium-only plan under section 125 of the Internal Revenue Code that allows employees to pay for health coverage premiums with pretax dollars.

Examples of Section 125 Plan in a sentence

• The College offers a Section 125 Plan that allows employees to have health care, dental, and vision contributions to be deducted on a pre-tax basis.

• The School District will provide a Section 125 Plan under the Internal Revenue code for eligible teachers.

• The Section 125 Plan (Flexible Spending Plan) offered by the School District is a plan established to provide a way to save money on costs for medical and dependent care expenses.

• Subject to availability under applicable law and to the terms of that law, the Center will maintain an Internal Revenue Code Section 125 Plan or other such tax device whereby employee payments toward health insurance premiums for an employer sponsored plan can be made on a pre-tax basis.

• The election shall be made in conjunction with the Section 125 Plan developed and administered by the Board.

More Definitions of Section 125 Plan

Section 125 Plan means a cafeteria plan compliant with section 125 of the federal Internal Revenue Code that enables employees to use pretax dollars to pay their share of their health benefit plan premium.

Section 125 Plan. Section 125 Plan," when immediately preceded by "Eaton," means the Eaton FSA/Dependent Reimbursement Plan, and the Eaton FSA/Medical Reimbursement Plan. When immediately preceded by "Axcelis Technologies," "Section 125 Plan" means the Axcelis Technologies FSA/Dependent Reimbursement Plan and the Axcelis Technologies FSA/Medical Reimbursement Plan to be established by Axcelis Technologies pursuant to Sections 2.2 and 5.8.

Section 125 Plan means the Axcelis Technologies FSA/Dependent Reimbursement Plan and the Axcelis Technologies FSA/Medical Reimbursement Plan to be established by Axcelis Technologies pursuant to Sections 2.2 and 5.8.

Section 125 Plan means a Premium Only Plan under section 125 of the Internal Revenue Code.

Section 125 Plan when immediately preceded by "Cadence," means a plan or program providing flexible or other benefits and which relies on Code Section 125 for its tax favored treatment. When immediately preceded by "Tality," "Section 125 Plan" means a plan or program providing flexible or other benefits that may be established by the Partnership pursuant to Sections 2.2 and 5.1.

Section 125 Plan means a plan or program providing flexible or other benefits that may be established by the Partnership pursuant to Sections 2.2 and 5.1.

Section 125 Plan means the Palm Premium Plan, the Palm FSA/Dependent Reimbursement Plan, and the Palm FSA/Medical Reimbursement Plan to be established by Palm pursuant to Sections 2.2 and 5.10.