Common use of Flexible Benefits Accounts Clause in Contracts

Flexible Benefits Accounts. The school district agrees to the establishment of a flexible benefit account as defined within the provisions of Sec. 125 of the Internal Revenue Code. The staff may participate in this plan. Participation must be sufficient to make the administration costs revenue neutral for the District. If the plan is not revenue neutral to the district, the participants will share equally in the additional administration costs.

Flexible Benefits Accounts. The school district agrees to the establishment of a flexible benefit account as defined within the provisions of Sec. 125 of the Internal Revenue Code. The staff Staff may participate in this plan. Participation must be sufficient to make the administration costs revenue neutral for the District. If the plan is not revenue neutral to the districtneutral, the participants will share equally in the additional administration costs.