Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.
Cafeteria plan means a cafeteria plan under Code Section 125 sponsored by the Company.
Examples of Cafeteria plan in a sentence
If an employee chooses optional benefits whose aggregate cost exceeds the total City contributions to the Cafeteria Plan, the City will automatically deduct the excess amount on a pre-tax basis from the employee’s bi-weekly payroll.
If an employee chooses optional benefits whose aggregate cost exceeds the maximum City contributions to the Cafeteria Plan, the City will automatically deduct the excess amount on a pre-tax basis from the employee’s bi-weekly payroll.
The Board will administer a Cafeteria Plan under Section 125 of the Internal Revenue Code.
More Definitions of Cafeteria plan
Cafeteria plan means a "qualified" employee benefit program under IRC section 125, such as certain health and welfare plans.
Cafeteria plan means the PEBP Section 125 Health and Welfare Benefits Plan, intended to meet the requirements of Code Section 125 and the regulations thereunder.
Cafeteria plan means a plan as defined and
Cafeteria plan means a benefit plan established pursuant
Cafeteria plan means a written plan as defined in 26 U.S.C. 125 under which all participants are eligible public employees and the participants are allowed to choose among two or more benefits consisting of cash and statutory nontaxable benefits;