General Nature of Plan and Eligibility. 1. The City offers an IRS-qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to all eligible employees. Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-free benefit or cash-in-lieu options, or take these FBP Credits as taxable cash under certain circumstances.
Appears in 9 contracts
Samples: Memorandum Of, Memorandum Of, Memorandum of Understanding
General Nature of Plan and Eligibility. 1. The City offers an IRS-qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to all eligible employees. Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-tax- free benefit or cash-in-lieu options, or take these FBP Credits as taxable cash under certain circumstances.
Appears in 5 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
General Nature of Plan and Eligibility. 1. The City offers an IRS-qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to all eligible employees. Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-free benefit or cash-in-lieu options, options or take these FBP Credits as taxable cash under certain circumstances.
Appears in 4 contracts
Samples: Memorandum of Understanding, Memorandum Of, Memorandum Of
General Nature of Plan and Eligibility. 1. The City offers an IRS-qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to all eligible employees. Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-free benefit or cash-in-in- lieu options, or take these FBP Credits as taxable cash under certain circumstances.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
General Nature of Plan and Eligibility. 1. The City offers an IRS-IRS qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to FBP)to all eligible employees. Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-free benefit or cash-in-lieu options, or take these FBP Credits as taxable cash under certain circumstances.
Appears in 1 contract
Samples: Memorandum of Understanding