Common use of Section 125 Benefit Plan Clause in Contracts

Section 125 Benefit Plan. 1. An IRS Code Section 125 benefit plan shall be established providing employees with the opportunity, through payroll reduction, to pay for legally permissible benefits. The City shall designate a plan administrator to administer the plan. Any and all charges, including charges for reimbursement accounts under the plan, shall be paid by the employee for whom the charge is assessed. The City shall not be responsible for the cost of administering the plan. The Union and the City shall jointly notify employees of the flexible benefit plan and of their rights and their responsibilities under the plan. Each employee must be offered opportunity to participate in the plan.

Section 125 Benefit Plan. 1. An IRS Code Section 125 benefit plan Benefit Plan shall be established providing employees with the opportunity, through payroll reductiondeduction, to pay for legally permissible benefits. The City shall designate a plan administrator Plan Administrator to administer the planPlan. Any and all charges, including charges for reimbursement accounts under the planPlan, shall be paid by the employee for whom the charge is assessed. The City shall not be responsible for the cost of administering the planPlan. The Union and the City shall jointly notify employees of the flexible benefit plan and of their rights and their responsibilities under the planPlan. Each employee must shall be offered opportunity to participate in the planPlan.

Section 125 Benefit Plan. 1. An IRS Code Section 125 benefit plan Benefit Plan shall be established providing employees with the opportunity, through payroll reductiondeduction, to pay for legally permissible benefits. The City shall designate a plan Plan administrator to administer the planPlan. Any and all charges, including charges for reimbursement accounts under the plan, shall be paid by the employee for whom the charge is assessed. The City shall not be responsible for the cost of administering the planPlan. The Union Police Managers’ Association and the City shall jointly notify employees of the flexible benefit plan and of their rights and their responsibilities under the plan. Each employee must be offered opportunity to participate in the planPlan.