Flexible Benefits Plan. 14.11.1 The Board shall maintain a salary reduction plan that meets the requirements of Section 125 of the Internal Revenue Code and Treasury Regulations. If, at any time, Section 125 or related regulations are amended, the parties shall promptly revise the plan to comply with the amendment if necessary.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Flexible Benefits Plan. 14.11.1 1. The Board shall maintain a salary reduction plan that which meets the requirements of Section 125 of the Internal Revenue Code and Treasury RegulationsRegulations promulgated thereunder. If, at any time, Section 125 or related regulations Regulations are amended, the parties shall promptly revise the plan to comply with the amendment if necessaryamendment.
Appears in 2 contracts
Flexible Benefits Plan. 14.11.1 A. The Board shall maintain a salary reduction plan that which meets the requirements of Section 125 of the Internal Revenue Code and Treasury RegulationsRegulations promulgated there under. If, at any time, Section 125 or related regulations Regulations are amended, the parties shall promptly revise the plan to comply with the amendment if necessaryamendment.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Flexible Benefits Plan. 14.11.1 A. The Board shall maintain a salary reduction plan that which meets the requirements of Section 125 of the Internal Revenue Code and Treasury Regulations. If, at any time, Section 125 or related regulations are amended, the parties shall promptly revise the plan to comply with the amendment if necessary.
Appears in 1 contract
Samples: Agreement
Flexible Benefits Plan. 14.11.1 The Board shall maintain a salary reduction plan that which meets the requirements of Section 125 of the Internal Revenue Code and Treasury Regulations. If, at any time, Section 125 or related regulations are amended, the parties shall promptly revise the plan to comply with the amendment if necessary.. An employee may annually elect to participate in the salary reduction plan by choosing to receive one or more of the benefits described below:
Appears in 1 contract
Samples: Agreement