Additional Details Regarding Flexible Spending Accounts. Pursuant to Section 8 Sample Clauses

Additional Details Regarding Flexible Spending Accounts. Pursuant to Section 8. 1, (i) at or prior to the Effective Time, Civeo shall, or shall cause another Civeo Entity to, establish and adopt Civeo Welfare Plans which will provide health care flexible spending account and dependent care flexible spending account benefits to Civeo Welfare Plan Participants (each a “Civeo FSA”) and (ii) Civeo Welfare Plan Participants shall cease to be eligible to participate in the health care flexible spending account and dependent care flexible spending account plans of Oil States (each, an “OS FSA”). For purposes of claims incurred by Civeo Welfare Plan Participants under the OS FSAs and Civeo FSAs, respectively, claims incurred on or prior to the Distribution Date shall be the responsibility of Oil States under the OS FSAs and claims incurred after the Distribution Date shall be the responsibility of Civeo and the Civeo FSAs. In addition, no later than seventy five (75) days following the Distribution Date, Civeo shall provide a cash reimbursement payment to each Civeo Welfare Plan Participant equal to (i) the amount, if any, by which (x) the aggregate payroll deductions in respect of such Civeo Welfare Plan Participant under the OS FSAs for the year in which the Distribution Date occurs exceeds (y) the aggregate claims filed under the OS FSAs by such Civeo Welfare Plan Participant as of the date that is thirty (30) days following the Distribution Date, less (ii) all required tax withholding on such amount.
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Related to Additional Details Regarding Flexible Spending Accounts. Pursuant to Section 8

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  • SMALL BUSINESS PARTICIPATION AND DVBE PARTICIPATION REPORTING REQUIREMENTS a. If for this Contract Contractor made a commitment to achieve small business participation, then Contractor must within 60 days of receiving final payment under this Contract (or within such other time period as may be specified elsewhere in this Contract) report to the awarding department the actual percentage of small business participation that was achieved. (Govt. Code § 14841.) b. If for this Contract Contractor made a commitment to achieve disabled veteran business enterprise (DVBE) participation, then Contractor must within 60 days of receiving final payment under this Contract (or within such other time period as may be specified elsewhere in this Contract) certify in a report to the awarding department: (1) the total amount the prime Contractor received under the Contract; (2) the name and address of the DVBE(s) that participated in the performance of the Contract; (3) the amount each DVBE received from the prime Contractor; (4) that all payments under the Contract have been made to the DVBE; and (5) the actual percentage of DVBE participation that was achieved. A person or entity that knowingly provides false information shall be subject to a civil penalty for each violation. (Mil. & Vets. Code § 999.5(d); Govt. Code § 14841.)

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  • Important Information About Procedures for Opening a New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

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