Section 125 Plan Sample Clauses

Section 125 Plan. The Trustees shall continue the Section 125 plan to allow pretax treatment of the employee’s share of health and dental insurance premiums. The plan will be available as soon as practicable, but no later July 1, 1998. The plan will be amended to include a medical reimbursement account and a dependent care reimbursement account to be available for enrollment no earlier than July 1, 2003, but no later than December 31, 2003.

Section 125 Plan. The Employer participates in a special program under the provisions of IRS Section 125. Employees may voluntarily elect to participate in the reimbursement program to pay medical or dependent care expenses with pre-tax dollars. The Employer makes no contribution, makes no assurance of ongoing participation and assumes no liability for claims or benefits.

Section 125 Plan. The City of Petaluma has established and shall offer to eligible employees an Internal Revenue Code (IRC) Section 125 plan. The Section 125 plan is subject to federal law and plan provisions. The Section 125 Plan offered by the City provides employees with a tax savings through the following programs: (A) Pre-Tax Health Insurance Premiums

Section 125 Plan. The District shall offer the option of participating in a salary reduction program. Participation will enable the qualifying employee to have the cost of dependent coverage under any of the District’s health plans paid with pre-tax dollars.

Section 125 Plan. The Employer agrees to continue its current Internal Revenue Service Code Section 125 Plan to provide an opportunity for unit members to voluntarily participate in a flexible spending account, subject to provisions of IRS Code Section 125. Unit members may choose to set aside an amount from their paychecks only, which is not taxed, in a medical or dependent care account for payment of eligible expenses.

Section 125 Plan. Any elections made by the employee that result in an actual monthly premium cost in excess of the Board’s contribution shall be paid by the employee through a section 125 payroll deduction.

Section 125 Plan. The Hospital will provide a Section 125 plan that will allow the pretax payment of insurance premiums, un-reimbursed medical expenses, and dependent care. An election of the amount to be withheld monthly must occur each year, and unused amounts revert to the Hospital at the end of the calendar year.

Section 125 Plan. A Section 125 Flexible Benefit Plan will be available to all members and retirees of the bargaining unit.

Section 125 Plan. 31-1 Subject to the School District's approval of a legal opinion letter provided by legal counsel selected by the Association, the School District agrees to establish a Section 125 Plan. 31-2 The Association agrees that the School District's only obligation is to provide necessary payroll deductions, including eligibility lists, and to verify employment, as may be required by the plan. The School District's function is solely ministerial. The Association, therefore, agrees to hold the School District, its employees and agents, harmless for any and all claims, demands, losses, liability, costs or expenses of any nature, to include attorney's fees, arising from the creation and operation of the Plan.

Section 125 Plan. The Employer will continue to administer the Section 125 Plan whereby the employees’ contributions to health care, vision, and prescription programs would be excluded from Federal and State taxes.