Examples of Dependent Care Component in a sentence
No Participant shall be allowed to reduce his election for Dependent Care Component benefits to a point where the annualized contribution for such benefit is less than the amount already reimbursed (see Section 9.1).
A Participant may elect under the Plan to receive one or more benefits in accordance with the procedures described in Section 4.4. If a Participant elects a benefit described in Section 4.1(d)(e), the Participant’s Compensation will be reduced and an amount equal to the reduction will be paid or credited by the Employer to a reimbursement account administered by the Administrator in accordance with the Medical Reimbursement Component or the Dependent Care Component, as the case may be.
Except as provided in this Section 7.4, a Participant's election to participate in the Dependent Care Component of this Plan is irrevocable for the duration of the Plan Year to which it relates.
In addition, any change in an election affecting annual Plan contributions to the Dependent Care Component pursuant to this Section also will change the maximum reimbursement benefit for the period of coverage remaining in the Plan Year.
The Administrator will establish and maintain a Medical Reimbursement Account with respect to each Participant who has elected to participate in the Medical Reimbursement Component of the Plan, and will establish and maintain a Dependent Care Reimbursement Account with respect to each Participant who has elected to participate in the Dependent Care Component of the Plan, but will not create a separate fund or otherwise segregate assets for this purpose.
An excursion will be defined as no indicated reduction in NOX emissions while urea flow is existent.
Under the Dependent Care Component, a Participant may receive reimbursement for eligible Employment-Related Expenses incurred during the Plan Year (including any related Grace Period) for which an election is in force.
An election to participate in the Dependent Care Component of this plan is an election to receive benefits in the form of reimbursements for eligible Employment-Related Expenses, and to pay the premium for such benefits via Salary Reduction.
In other words, unless one of the Qualifying Status Change (QSC) Events applies, the Participant may not change any elections for the duration of the Plan Year regarding Participation in the Plan, Salary Reduction amounts or the Election of particular benefits No Participant shall be allowed to reduce his election for Dependent Care Component benefits to a point where the annualized contribution for such benefit is less than the amount already reimbursed (see Section 9.1).
A Participant may elect under the Plan to receive one or more benefits in accordance with the procedures described in Section 4.4. If a Participant elects a benefit described in Section 4.1(d) and (e), the Participant’s Compensation will be reduced an amount equal to the reduction and will be paid or credited by the Employer to a reimbursement account in accordance with the Medical Reimbursement Component or the Dependent Care Component, as the case may be.