Common use of Reimbursement Account Plan Clause in Contracts

Reimbursement Account Plan. The Town will continue, pursuant to the provisions of Section 125 of the Internal Revenue Code, a Reimbursement Account Plan (an "RA Plan") for the purpose of enabling eligible Employees to divert a portion of their gross pay, prior to reduction for federal income or Social Security taxes, into an account from which, during the course of the Plan Year, they can be reimbursed for their share of Group Insurance Premiums (Premium Conversion), Health Care costs (Health Care Reimbursement) which are not covered by the Medical or Dental Plans described in this Article, and Dependent Care costs (Dependent Care Reimbursement).

Reimbursement Account Plan. The Town will continue, pursuant to the provisions of Section 125 of the Internal Revenue Code, a Reimbursement Account Plan (an "“RA Plan"”) for the purpose of enabling eligible Employees to divert a portion of their gross paysalaries, prior to reduction for federal income or Social Security social security taxes, into an account from which, during the course of the Plan Year, they can be reimbursed for their share of Group Insurance Premiums (Premium Conversion), Health Care costs (Health Care Reimbursement) which are not covered by the Medical or Dental Plans described in this Article, and Dependent Care costs (Dependent Care Reimbursement).