Common use of Dependent Care Account Clause in Contracts

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from each pay, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or the grace period, or under current IRS rules, the unused funds will be forfeited.

Appears in 8 contracts

Samples: Agreement, Collective Bargaining Agreement, Agreement

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Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two paychecks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or within the grace periodfirst two (2) months of the next plan year (carryover) or, or under current IRS rules, the unused funds will be forfeitedbeforfeited.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two paychecks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or within the grace periodfirst two (2) months of the next plan year (carryover) or, or under current IRS rules, the unused funds will be forfeited.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from each pay, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or within the grace periodfirst two (2) months of the next plan year (carryover) or, or under current IRS rules, the unused funds will be forfeited.

Appears in 2 contracts

Samples: Agreement, serb.ohio.gov

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-pre- tax basis from the first two paychecks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or the grace period, or under current IRS rules, the unused funds will be forfeited.

Appears in 2 contracts

Samples: Agreement, Agreement

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two (2) pay checks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or the grace period, or under current IRS rules, the unused funds will be forfeited.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two pay checks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or the grace period, or under current IRS rules, the unused funds will be forfeited.

Appears in 1 contract

Samples: Agreement

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Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from each pay, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or within the grace periodfirst 2 months of the next plan year (carryover) or, or under current IRS rules, the unused funds will be forfeited.

Appears in 1 contract

Samples: serb.ohio.gov

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two paychecks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or the grace period, or under current IRS rules, the unused funds will be forfeited.

Appears in 1 contract

Samples: Agreement

Dependent Care Account. An eligible employee may elect to have a specified amount withheld on a pre-tax basis from the first two paychecks of each paymonth, up to the annual maximum allowed by law to be used for reimbursement of dependent care expenses which are specified by IRS rules but which are not claimed under the federal tax credit. Funds which are withheld must be reimbursed for expenses incurred in the Plan year in which they are withheld, or within the grace periodfirst two ( 2) months of the next plan year (carryover) or, or under current IRS rules, the unused funds will be forfeitedbeforfeited.

Appears in 1 contract

Samples: www.uc.edu

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