Common use of Cafeteria Plan Clause in Contracts

Cafeteria Plan. 1. The City will provide to each represented employee a Cafeteria Plan allotment to purchase benefits qualified under Section 125 of the Internal Revenue Code. MM/PROF acknowledges that Section 125 of the IRC requires that the Cafeteria Plan be adopted by the City Council prior to the end of the calendar year. Accordingly, the City and MM/PROF agree: (1) That the parties will meet at the earliest possible time to discuss Cafeteria plan changes; (2) That the parties may prepare a timeline/schedule to ensure timely and expeditious discussions; (3) That the parties shall engage in good faith discussions; (4) That if the discussions have reached impasse and there is sufficient time prior to the required IRC plan adoption date or if both parties otherwise agree, the parties will submit the matter for mediation, with the mediator agreed upon by all parties; and (5) The City Council, to ensure timely Section 125 IRC compliance, may at any time in the month of December unilaterally adopt the Plan Document containing the specific provisions of the Plan (including plan changes) without mutual agreement and prior to the completion of paragraphs 1-4 of this section.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Cafeteria Plan. 1. The City will provide to each represented employee a Cafeteria Plan allotment to purchase benefits qualified under Section 125 of the Internal Revenue Code. MM/PROF ASSOCIATION acknowledges that Section 125 of the IRC requires that the Cafeteria Plan be adopted by the City Council prior to the end of the calendar year. Accordingly, the City and MM/PROF ASSOCIATION agree: (1) That the parties will meet at the earliest possible time to discuss Cafeteria plan changes; (2) That the parties may prepare a timeline/schedule to ensure timely and expeditious discussions; (3) That the parties shall engage in good faith discussions; (4) That if the discussions have reached impasse and there is sufficient time prior to the required IRC plan adoption date or if both parties otherwise agree, the parties will submit the matter for non-binding advisory mediation, with the mediator agreed upon by all partieschosen in the same manner set forth in the Grievance Procedure; and (5) The City Council, to ensure timely compliance with Section 125 IRC complianceof the IRC, may at any time in the month of December unilaterally adopt the Plan Document containing the specific provisions of the Plan (including plan changes) without mutual agreement and prior to the completion of paragraphs 1-4 of this section.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Cafeteria Plan. 1. The City will provide to each represented employee a Cafeteria Plan allotment to purchase benefits qualified under Section 125 of the Internal Revenue Code. MM/PROF CVEA\SEIU acknowledges that Section 125 of the IRC requires that the Cafeteria Plan be adopted by the City Council prior to the end of the calendar year. Accordingly, the City and MM/PROF CVEA\SEIU agree: (1) That the parties will meet at the earliest possible time to discuss Cafeteria plan changes; (2) That the parties may prepare a timeline/schedule to ensure timely and expeditious discussions; (3) That the parties shall engage in good faith discussions; (4) That if the discussions have reached impasse and there is sufficient time prior to the required IRC plan adoption date or if both parties otherwise agree, the parties will submit the matter for non-binding advisory mediation, with the mediator agreed upon by all partieschosen in the same manner set forth in the Grievance Procedure; and (5) The City Council, to ensure timely compliance with Section 125 IRC complianceof the IRC, may at any time in the month of December unilaterally adopt the Plan Document containing the specific provisions of the Plan (including plan changes) without mutual agreement and prior to the completion of paragraphs 1-4 of this section.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Cafeteria Plan. 1. The City will provide to each represented employee a Cafeteria Plan allotment to purchase benefits qualified under Section 125 of the Internal Revenue Code. MM/PROF The ASSOCIATION acknowledges that Section 125 of the IRC requires that the Cafeteria Plan be adopted by the City Council prior to the end of the calendar year. Accordingly, the City and MM/PROF the ASSOCIATION agree: (1) That the parties will meet at the earliest possible time to discuss Cafeteria plan changes; (2) That the parties may prepare a timeline/schedule to ensure timely and expeditious discussions; (3) That the parties shall engage in good faith discussions; (4) That if the discussions have reached impasse and there is sufficient time prior to the required IRC plan adoption date or if both parties otherwise agree, the parties will submit the matter for non-binding advisory mediation, with the mediator agreed upon by all partieschosen in the same manner set forth in the Grievance Procedure; and (5) The City Council, to ensure timely compliance with Section 125 IRC complianceof the IRC, may at any time in the month of December unilaterally adopt the Plan Document containing the specific provisions of the Plan (including plan changes) without mutual agreement and prior to the completion of paragraphs 1-4 of this section.

Appears in 1 contract

Samples: Memorandum of Understanding

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Cafeteria Plan. 1. The City will provide to each represented employee a Cafeteria Plan allotment to purchase benefits qualified under Section 125 of the Internal Revenue Code. MM/PROF acknowledges that Section 125 of the IRC requires that the Cafeteria Plan be adopted by the City Council prior to the end of the calendar year. Accordingly, the City and MM/PROF agree: (1) That the parties will meet at the earliest possible time to discuss Cafeteria plan changes; (2) That the parties may prepare a timeline/schedule to ensure timely and expeditious discussions; (3) That the parties shall engage in good faith discussions; (4) That if the discussions have reached impasse and there is sufficient time prior to the required IRC plan adoption date or if both parties otherwise agree, the parties will submit the matter for mediation, with the mediator agreed upon by all parties; and (5) The City Council, to ensure timely Section 125 IRC compliance, may at any time in the month of December unilaterally adopt the Plan Document containing the specific provisions of the Plan (including plan changes) without mutual agreement and prior to the completion of paragraphs 1-4 of this section.

Appears in 1 contract

Samples: Memorandum of Understanding

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