FLEXIBLE FRINGE BENEFIT PROGRAM Sample Clauses

FLEXIBLE FRINGE BENEFIT PROGRAM. 1. The benefits provided to teachers by Section 125 of the Internal Revenue Act of 1978 shall be made available to any bargaining unit members so requesting and upon approval by the Internal Revenue Service. An amount not to exceed fifty percent (50%) of salary may be set aside by the teacher for the selection of benefits under Section 125 of the Internal Revenue Code, which are non-taxable benefits of Medical Insurance, Dental Insurance, Vision Insurance, Section 79 Life Insurance, Non-Reimbursed Medical Expenses, Dependent Care and taxable benefits of cash. The Board shall pay the fees for the Trust Account. Participants in the reimbursement account(s) shall pay the monthly administration fee.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to members by Section 125 of the Internal Revenue Act of 1978 shall be made available at no cost to members who elect to be on the PPO Insurance Plan only. Members’ contributions to health insurance premiums may be tax sheltered, and members may set up medical, dental, and dependent care accounts if they so choose. Members choosing the HDHP may use the Flexible Fringe Benefits Program available at no cost to set up accounts for dental, vision and dependent care.
Sample 1Sample 2Sample 3See All (6)
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to employees by Section 125 of the Internal Revenue Code as enacted by the Revenue Act of 1978 shall be made available to bargaining unit members. The teachers’ salary schedule includes the maximum amount allowed by regulation which is set aside for a Section 125 Flexible Fringe Benefit Program which shall include Board approved non-taxable benefits of medical insurance, Long Term Disability, Short Term Disability, Section 79 life insurance and other insurance products provided in Section 125 and taxable benefits of cash. The Flexible Fringe Benefit Election Form with option of Generation 1 or Generation 1 and 2 is set forth in Appendix E. The Enabling Flexible Fringe Benefit Program is hereby incorporated by reference. Commencing in the 1990-91 school year, the Board will adopt a first and second generation Flexible Fringe Benefit Plan. Those teachers participating in the reimbursement account (Generation 2) will be responsible for the cost of the monthly administration fee. The Employer is responsible for the following:
Sample 1Sample 2Sample 3See All (5)
FLEXIBLE FRINGE BENEFIT PROGRAM. 6.1601 The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to any bargaining unit members so requesting and upon approval by the Internal Revenue Service. An amount not to exceed $2,500 annually may be set aside by the employee for the selection of benefits under Section 125 of the Internal Revenue Code, which are non-taxable benefits of Medical Insurance, Dental Insurance, Vision Insurance, Section 79 Life Insurance, Non-Reimbursed Medical Expenses, and Dependent Care. The Board shall pay the fees for the Trust Account. Participants in the reimbursement account(s), shall pay the monthly administration fee.
Sample 1Sample 2Sample 3
FLEXIBLE FRINGE BENEFIT PROGRAM. Section 8 The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to any bargaining unit members so requesting and upon approval by the Internal Revenue Service. An amount not to exceed fifty percent (50%) of salary may be set aside by the employee for the selection of benefits under Section 125 of the Internal Revenue Code, which are non-taxable benefits of Medical Insurance, Dental Insurance, Vision Insurance, Prescription Insurance, Cancer Insurance, Section 79 Life Insurance, Non-Reimbursed Medical Expenses, Dependent Care and taxable benefits of cash. The Board shall pay the fees for the Trust Account. Participants in the reimbursement account(s) shall pay the monthly administration fee.
Sample 1Sample 2
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to any bargaining unit members so requesting and upon approval by the Internal Revenue Service. An amount not to exceed fifty percent (50%) of salary may be set aside by the employee for the selection of benefits under Section 125 of the Internal Revenue Code, which are non-taxable benefits of Medical Insurance, Dental Insurance, Vision Insurance, Prescription Insurance, Cancer Insurance, Section 79 Life Insurance, Non-Reimbursed Medical Expenses, Dependent Care and taxable benefits of cash. The Board shall pay the fees for the Trust Account. Participants in the reimbursement accounts) shall pay the monthly administration fee. The Flexible Fringe Benefit Election Form shall be an Appendix to this Agreement. The enabling Flexible Fringe Benefit Program, a copy of which may be found in the office of the Superintendent, is hereby incorporated by reference.
Sample 1Sample 2
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to any bargaining unit members requesting and upon approval by the Internal Revenue service. An amount not to exceed fifty percent (50%) of salary may be set aside by the employee for the selection of benefits under Section 125 of the Internal Revenue Code, which are nontaxable benefits of Medical Insurance, Long and/or short Term Disability Insurance, Section 79 Life Insurance, Cancer Insurance, Non-Reimbursed Medical Expenses, Dependent Care and taxable benefits of cash. The Board shall pay the fees for the Trust Account. Participants in the reimbursement account(s) shall pay the monthly administration fee.
Sample 1
AutoNDA by SimpleDocs
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to bargaining unit members upon approval by the Internal Revenue Service. The Teachers Salary Schedule includes an amount not to exceed 50% of the individual's salary which may be set aside for a Section 125 Flexible Fringe Benefit Program which shall include non-taxable benefits of Medical Insurance, Disability Insurance, Section 79 Life Insurance, non-reimbursed medical, and dependent care. The Board will pay the fee for the Trust Account, and all other fees will be paid by the participating employee(s).
Sample 1
FLEXIBLE FRINGE BENEFIT PROGRAM. The benefits provided to employees by Section 125 of the Internal Revenue Act of 1978 shall be made available to bargaining unit members. An amount not to exceed fifty percent (50%) of salary may be set aside by the teacher for the selection of benefits under Section 125 of the Internal Revenue Code, which are non-taxable benefits of Medical Insurance, Dental Insurance, Cancer Insurance, Life Insurance, Non- Reimbursed Medical Expenses, Dependent Care and taxable benefits of cash. Deductions for non- reimbursed medical expenses and dependent care expenses shall be withheld from the participant's checks.
Sample 1

Related to FLEXIBLE FRINGE BENEFIT PROGRAM

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Educational Benefits a. A full-time employee may enroll for credit at the University for a maximum of two courses, or six credit hours, whichever is greater, in any one academic term with exemption from the payment of tuition and fees.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!