Spending Accounts. The Company agrees to offer a Health Care Spending Account effective 01/01/09. Employees can set aside between $120 and $5,000 each year, before taxes, to pay for eligible health or dental care expenses that are not reimbursed or covered by the medical or dental plan for themselves or eligible dependents. The Company agrees to offer the Dependent Day Care Spending Account where employees can set aside between $120 and $5,000 each year, before taxes, to pay for eligible dependent day care expenses. Appendix C PENSION The following changes are to be considered as part of the final contract settlement with the understanding that appropriate language covering these items will be incorporated into the pension plan document as soon as possible.
Spending Accounts. Effective as of the Closing Date, the Purchaser shall assume, honor and be solely responsible for the Hired Employees’ elections for the calendar year in which the Closing Date occurs with respect to the healthcare spending account and the dependent care flexible spending account (the “Spending Accounts”) under the Benefit Plans. In the event that, as of the Closing Date, the aggregate amount withheld by the Sellers or their Affiliates from the Hired Employees’ compensation with respect to the Spending Accounts during the calendar year in which the Closing Date occurs exceeds the amount reimbursed to the Hired Employees in such calendar year, the Sellers shall remit the amount of the excess to the Purchaser promptly following the Closing Date. In the event that, as of the Closing Date, the aggregate amount withheld by the Sellers or their Affiliates from the Hired Employees’ compensation with respect to the Spending Accounts during the calendar year in which the Closing Date occurs is less than the amount reimbursed to the Hired Employees in such calendar year, the Purchaser shall remit to the Sellers the amount of such unfunded reimbursements promptly following the Closing Date.
Spending Accounts. A. Flex spending accounts are available for both medical and family care. The cap for the medical flex spending account is the maximum level allowed under Federal regulations; The family care flex pending accounts will be provided at the maximum level allowable by law.
Spending Accounts. If you participated in either the Health Care Expense Account or Dependent Care Account, deductions will stop as of the last day of the pay period that includes your Termination Date. Your Health Care Expense account may be continued through COBRA. You will be advised separately of coverage continuance rights by DCA, Inc., the COBRA administrator.
Spending Accounts. T he Company shall provide access to a general purpose healthcare FSA with the limit matching the federal maximum. Should the federal maximum be eliminated, the annual maximum shall m atch the Orange Plan individual deductible. T he company shall provide access to a dependent care FSA with a $5000 limit. For individuals in an HSA-Qualified medical plan, Effective 1/1/2019 the company shall also provide access to a Limited Purpose FSA with a limit matching the general purpose FSA. C ompany Paid Life Insurance E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as any changes required by applicable law, all provisions of Company Paid Life Insurance plan currently in place are to remain unchanged. O ptional Supplemental Life Insurance E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as a ny changes required by applicable law, all provisions of Optional Supplemental Life Insurance plan currently in place are to remain unchanged. C ompany Paid Short Term Disability E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as any changes required by applicable law, all provisions of STD plan currently in place are to remain unchanged.
Spending Accounts. Spending Accounts: [Plan Sec. 6.2] K.1. Spending Accounts will be established for… [check one]: a. N/A [Insurance Premium Conversion only - skip to Item L.] b. Medical Reimbursement Expense [IRC Section 106] c. Dependent Care [IRC Section 129] d. Adoption Assistance [IRC Section 137] e. Health Savings Account [IRC Section 223] d. 401(k) [IRC Section 401(k)] e. Paid Time Off f. Cash Payments g. Other [specify; must not provide benefits which are prohibited under Prop. Reg. 1.125-1(q)]: K.2. In addition to legal limits, if any, Spending Accounts will be limited as follows… [check one]: a. N/A [no additional limits] b. Medical Reimbursement Expense [IRC Section 106] i. N/A [no additional limits] ii. Other [specify]: $5,000 c. Dependent Care [IRC Section 129] i N/A [no additional limits] ii. Other [specify]: d. Adoption Assistance [IRC Section 137] i. N/A [no additional limits] ii. Other [specify]: d. 401(k) [IRC Section 401(k)] i N/A [no additional limits] ii. Other [specify]: e. Paid Time Off i N/A [no additional limits] ii. Other [specify]: f. Cash Payments i N/A [no additional limits] ii. Other [specify]: g. Other [specify]: Note: Even if no limit is specified by the Sponsoring Employer, the applicable legal limits to maintain the tax-qualified status of the applicable Benefit shall apply. K.3. For Medical Reimbursement Expense Account reimbursements, new elections due to a Change In Status are: [check one]: a. Not applicable [Benefit not allowed] b. Not permitted c. Permitted without limitation d. Permitted, but only to increase Benefit elections e. Permitted, but not lower than the net amount of claims as of the election date f. Other [specify]:
Spending Accounts. 3001 Section 1
Spending Accounts. 3204 The Employer shall provide each Regular Full-Time and Regular Part-Time Employee with the opportunity to participate in the Healthcare Flexible Spending Account and Dependent Care Flexible Spending Account. Unused amounts in the Healthcare Flexible Spending Account up to 20% will be rolled over to the next year per IRS guidelines.
Spending Accounts. Effective as of the Closing, Olympic Plastics will make available to all U.S. Transferred Employees who have Flexible Spending Accounts with Ferro a substantially similar program to accept pre-tax deferrals of income for reimbursements of dependent care expenses on terms substantially similar to those maintained by Ferro immediately before the Closing with respect to such Flexible Spending Account.
Spending Accounts. All Buyers' Employees participating in Seller's medical and dependent care spending accounts shall continue to participate in those plans in accordance with the terms of those plans through the date their participation in those plans terminates in accordance with the provisions of Section IV. Seller shall be responsible for all claims submitted under its medical and dependent care spending account plans by a Buyers' Employee who participates in such plan, provided such claims were incurred prior to the date such Buyers' Employee's participation in the plan terminates and provided such claims meet the requirements set forth in the plan. Buyers' Employees must submit all such claims prior to the 90th day following the date their participation in such plan terminates.
