Employee Cafeteria Plan Sample Clauses

Employee Cafeteria Plan. Employee benefits may be selected as a salary reduction from the district 125 Cafeteria Plan. Each teacher shall by September 1 designate in writing salary reductions. Such designation shall be done only once each year.
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Employee Cafeteria Plan. SECTION 1. An IRS Section 125 Plan also known as an Employee Cafeteria Plan allowing participating employees' costs of premium only benefits to be deducted from their gross pay prior to the calculation and deduction of Federal Withholding Taxes and FICA Taxes will be implemented during the term of this Agreement. The initial implementation of the Employee Cafeteria Plan will take place within the payroll period beginning February 3, 1992.
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Employee Cafeteria Plan. Employee benefits may be selected as a salary reduction plan from the district 125 Cafeteria Plan. Should at sometime in the future the 125 Cafeteria Plan tax status change, the teachers and Board reserve the right to remove the fringe from the salary and reinstate it as a fringe benefit for health insurance and/or if allowed by law to be used for term life and/or tax shelters. This agreement would release employees who have existing tax shelter annuities under the existing agreement to “roll over” said T.S.A. if they so desire. The additional salary for part-time teachers shall be in proportion to their full-time equivalency. Each teacher shall by September 1 submit in writing their designation as to how the fringe shall be used. Such designation shall be done only once each year.
Sample 1
Employee Cafeteria Plan. Employee benefits may be selected as a salary reduction plan from the district 125 Cafeteria Plan. Should at sometime in the future the 125 Cafeteria Plan tax status change, the teachers and Board reserve the right to remove the fringe from the salary and reinstate it as a fringe benefit for health insurance and/or if allowed by law to be used for term life and/or tax shelters. This agreement would release employees who have existing tax shelter annuities under the existing agreement to “roll over” said T.S.A. if they so desire. The additional salary for part-time teachers shall be in proportion to their full-time equivalency. Each teacher shall by September 1 submit in writing their designation as to how the fringe shall be used. Such designation shall be done only once each year. Article IX: Health Insurance Rebates or Refunds Any rebates or refunds on the premiums paid to the health insurance company shall be shared by the teachers according to the proportion of the total premium paid by each.
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Employee Cafeteria Plan. American Falls School District #381 will provide a Flexible Benefit Plan in order to make a broader range of benefits available to its Employees and their Beneficiaries. This Plan allows Employees to choose among different types of benefits and select the combination best suited to their individual goals, desires, and needs. Those choices include an option to receive certain benefits in lieu of taxable compensation. It is the intent of American Falls School District 381 to establish this Plan in conformity with Section 125 of the Internal Revenue Code of 1986, as amended, and in compliance with applicable rules and regulations issued by the Internal Revenue Service. The Section 125 Flexible Benefit Plan shall be administered by American Fidelity Insurance Company and shall further be identified as follows: Name of Plan: American Falls School District Flexible Benefit Plan Plan Number: 501 Effective Date: 10-15-95
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Related to Employee Cafeteria Plan

  • Cafeteria Plan As of the Benefit Commencement Date, New Parkway or any of its Subsidiaries shall establish a cafeteria plan qualifying under Section 125 of the Code (the “New Parkway Cafeteria Plan”) and health care and dependent care flexible spending reimbursement accounts thereunder in which Transferring Employees who meet the eligibility criteria thereof may be immediately eligible to participate. As soon as practicable following the Benefit Commencement Date, the Cousins Group shall determine the aggregate accumulated contributions to the flexible spending reimbursement accounts under Cousin’s cafeteria plan or Legacy Parkway’s cafeteria plan, as applicable, in which such Transferring Employees participated (the “Cousins Cafeteria Plans”) made during the year in which the Distribution Date occurs by the Transferring Employees less the aggregate reimbursement payouts made for such year up to the day immediately prior to the Benefit Commencement Date from such accounts to such Transferring Employees (the “Net FSA Balance”). If the Net FSA Balance is (a) positive, the Cousins Group shall pay to the New Parkway Group an amount in cash equal to the Net FSA Balance or (b) negative, the New Parkway Group shall pay to the Cousins Group, the absolute value of the Net FSA Balance attributable to Transferring Parkway Employees. New Parkway or its applicable Subsidiary shall cause the balance (whether positive or negative) of each Transferring Employee’s accounts under the Cousins Cafeteria Plans as of the Benefit Commencement Date to be credited to the Transferring Employee’s corresponding accounts under the New Parkway Cafeteria Plan in which such Transferring Employee participates following the Benefit Commencement Date. On and after the Benefit Commencement Date, New Parkway shall assume and be solely responsible for all claims for reimbursement by the Transferring Employees with respect to the plan year that includes the Distribution Date, whether incurred prior to, on or after the Distribution Date, that have not been paid in full as of the Benefit Commencement Date, which claims shall be paid pursuant to and under the terms of the New Parkway Cafeteria Plan. New Parkway agrees to cause the New Parkway Cafeteria Plan to honor, through the end of the calendar year in which the Distribution Date occurs, the elections made by each Transferring Employee under the Cousins Cafeteria Plans in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Benefit Commencement Date.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • HEALTH & WELFARE BENEFITS Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • WELFARE BENEFITS Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

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