Common use of Section 125 Clause in Contracts

Section 125. A teacher may participate in the School’s flexible benefits plan, with all Administration fees paid by the Board and all monthly user fees paid by the participating teacher. The plan shall be solely determined and adopted by the Board under the provisions of Section 125 of the Internal Revenue Service Code. The plan will provide for the following benefits through salary reduction agreements:

Section 125. A teacher may participate in the School’s this School Corporation's flexible benefits plan, with all Administration fees paid by the Board and all monthly user fees paid by the participating teacherteacher(s). The Such plan shall be solely determined and adopted by the Board under the provisions of Section 125 of the Internal Revenue Service Code. The plan will provide for the following benefits benefits, through salary reduction agreements:: the employee share of group insurance premiums; medical care reimbursement accounts; dependent care assistance accounts; and other benefits provided through the plan. Retired teachers may also participate in the Section 125 plan.