Common use of DISTRICT FLEX PLAN Clause in Contracts

DISTRICT FLEX PLAN. The District agrees to continue its bilaterally agreed upon January 1, 1989, implementation of Internal Revenue Code Section 125 for its tenured/tenure-track faculty. This code allows employers to structure benefit plans to provide options to its faculty. Faculty in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District shall continue to offer faculty participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state, or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular faculty member or group of faculty and that any questions by any faculty should be directed to his or her personal financial, legal, or tax advisor. Adjunct faculty may participate in the Flex Plan for medical premiums payments only.

DISTRICT FLEX PLAN. The District agrees to continue its bilaterally agreed upon January 1, 1989, implementation of Internal Revenue Code Section 125 for its tenured/tenure-track faculty. This code allows employers to structure benefit plans to provide options to its faculty. Faculty in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District shall continue to offer faculty participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state, or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular faculty member or group of faculty and that any questions by any faculty should be directed to his or her their personal financial, legal, or tax advisor. Adjunct faculty may participate in the Flex Plan for medical premiums payments only.

DISTRICT FLEX PLAN. The District agrees to continue its bilaterally agreed upon January 1, 1989, implementation of Internal Revenue Code Section 125 for its tenured/tenure-track facultyfaculty all unit members. This code allows employers to structure benefit plans to provide options to its faculty. Faculty in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District shall continue to offer faculty participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state, or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular faculty member or group of faculty and that any questions by any faculty should be directed to his or her personal financial, legal, or tax advisor. Adjunct faculty may participate in the Flex Plan for medical premiums payments only.

DISTRICT FLEX PLAN. The District agrees to continue its bilaterally agreed upon January 1, 1989, implementation of Internal Revenue Code Section 125 for its tenured/tenure-track faculty. This code allows employers to structure benefit plans to provide options to its faculty. Faculty in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District shall continue to offer faculty participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state, or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular faculty member or group of faculty and that any questions by any faculty should be directed to his or her hertheir personal financial, legal, or tax advisor. Adjunct faculty may participate in the Flex Plan for medical premiums payments only.