Common use of Section 125 Employee Benefits Clause in Contracts

Section 125 Employee Benefits. The School Corporation will provide a Section 125 Employee Benefit Plan for the purpose of a pre tax benefit on qualifying insurance premiums.

Section 125 Employee Benefits. The School Corporation will provide a Section 125 Employee Benefit Plan for the purpose of a pre tax excluding from income employees contributions for the qualified benefit on qualifying of group medical/hospital insurance plan premiums. Employees may use Level II benefits at no cost to the school corporation.