Flexible Spending Account Program Clause Samples

Flexible Spending Account Program. The College will allow part-time Faculty to participate in a flexible spending account program for child care expenses. Part-time Faculty must have completed 600 contact hours to become eligible for participation in this program. Once eligibility is established, the employee may continue to participate without regard to any hours limitations and must comply with plan requirements under IRS regulation.

Flexible Spending Account Program. Effective on or before the Closing Date, Seller Parent will cause one of the Business Subsidiaries to adopt a cafeteria plan that includes a healthcare flexible spending account program and a dependent care flexible spending account program (the “Business Subsidiary FSA”) that is substantially similar to Seller Parent Benefit Plan that includes a healthcare flexible spending account program and a dependent care flexible spending account program (the “Seller Parent FSA”). Buyer shall, or shall cause the applicable Business Subsidiary or an Affiliate of Buyer to, maintain the Business Subsidiary FSA for the remainder of the calendar year in which the Closing Date occurs for each U.S. Business Employee that becomes a Continuing Employee who, in the portion of the calendar year on or prior to the Closing Date, contributed to the Seller Parent FSA. The beginning balance as of the Closing Date in the Business Subsidiary FSA for each Continuing Employee’s healthcare spending account and dependent care flexible spending account, as applicable, shall be the unused portion of the Continuing Employee’s balance in the applicable healthcare spending account and dependent care flexible spending account under the Seller Parent FSA. If the aggregate amount withheld from Continuing Employees’ compensation under the Seller Parent FSA for the 2017 plan year exceeds the aggregate amount of reimbursements paid to Continuing Employees prior to the Closing Date under the Seller Parent FSA for such plan year, Seller Parent shall transfer (or cause to be transferred) to Buyer within thirty (30) days after the Closing Date a cash payment equal to such excess, if any. If the aggregate amount of reimbursements paid to Continuing Employees under the Seller Parent FSA prior to the Closing Date for the 2017 plan year exceeds the aggregate amount withheld prior to the Closing Date from Continuing Employees’ compensation under the Seller Parent FSA for such plan year, Buyer shall transfer to Seller Parent within thirty (30) days after the Closing Date a cash payment equal to such excess, if any. Buyer and Seller Parent intend that the actions to be taken pursuant to this Section 8.3(l) be treated as an assumption by Buyer of the portion of the Seller Parent FSA and the elections made thereunder attributable to such Continuing Employees consistent with Revenue Ruling 2002-32. Except as otherwise provided in the Transition Services Agreement, the applicable Business Subsidiary maintaining t...

Flexible Spending Account Program. The Corporation will offer to employees the opportunity to participate in the Flexible Spending Account Program.

Flexible Spending Account Program. Unit members may participate in a Flexible Spending Account Program as agreed upon by the County and CSEA.

Flexible Spending Account Program. Employees covered under this‌ agreement shall be eligible for coverage under the City’s Section 125 Flexible Spending Account Program insofar as such program is applicable to them.

Flexible Spending Account Program. The Assistant Superintendent for Administration shall be entitled to the benefits of any Flexible Spending Account Program offered by the district. There will be a cap of $5,000 on employee medical contributions and a $5,000 cap on dependent care contributions. Should any of the noted maximums be adjusted by legislation or regulation then the maximums herein noted shall be adjusted to conform to any such legislative or regulatory maximums. The District may terminate the plan if the District incurs any net cost.

Flexible Spending Account Program. Employees may participate in a Flexible Spending Account Program as agreed upon by the County and C.S.E.A.

Flexible Spending Account Program. If you were participating in the Flexible Spending Account program(s) (“FSA”), your contributions to your FSA will cease as of your Termination Date. All claims for eligible expenses incurred through your Termination Date must be submitted to WEX Benefits for reimbursement no later than 90 days from your Termination Date. You may submit eligible 2022 claims by visiting ▇▇▇.▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇▇-▇▇▇▇▇. If you have questions you may contact ▇-▇▇▇-▇▇▇-▇▇▇▇. Also, under COBRA you may be eligible to continue the same Health Care FSA coverage in effect prior to your Termination Date, and the use it or lose it rule will continue to apply. Information on FSA continuation will be included in the COBRA information you receive under separate cover.