Common use of Flex Dollar Allowance Clause in Contracts

Flex Dollar Allowance. Beginning July 1, 2006, the District shall provide all members with a flex dollar allowance of $5085 per year. The flex dollars shall be paid in twelve (12) equal monthly payments of $423.83. Members may use the flex dollars to purchase benefits approved by the Benefits Board as part of a cafeteria plan.

Flex Dollar Allowance. Beginning July 1, 2006, the District shall provide all members with a flex dollar allowance of $5085 5,302.80 per year. The flex dollars shall be paid in twelve twenty-four (1224) equal monthly twice a month payments of $423.83220.95. Members may use the flex dollars to purchase benefits approved by the Benefits Board as part of a cafeteria plan.