Common use of Flexible Spending Accounts (FSA) Clause in Contracts

Flexible Spending Accounts (FSA). The University will make available to full time and Group I part-time employees Medical Flexible Spending and Dependent Daycare Spending Accounts at the allowable per annum limit set by the plan document pursuant to Internal Revenue Code Section 125, which allow employees to set aside funds on a pre-tax basis to pay eligible unreimbursed medical and dependent care expenses during the plan year.

Flexible Spending Accounts (FSA). The University will make available to full time and Group I part-time employees Medical Flexible Spending and Dependent Daycare Spending Accounts at the allowable per annum limit set by the plan document pursuant to Internal Revenue Code Section 125, which \\hich allow employees to set aside funds et a.-,ide fund'\ on a pre-pre tax basis ba-;i-, to pay eligible unreimbursed unrcimhur'>ed medical and dependent care expenses during the plan plm. year.