Examples of Dependent Care Component in a sentence
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.
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.
For purposes of the Dependent Care Component of this Plan, the child of a divorced Participant shall be a Dependent of the Participant only if the Participant is the parent with custody of the child in accordance with Code § 21(e)(5);• a Dependent of a Participant who is mentally or physically incapable of self-care; or the Spouse of a Participant who is mentally or physically incapable of self-care.
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.
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.
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.
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.
To take advantage of the Grace Period, the Employee must be a Participant in the Dependent Care Component on the last day of the Plan Year to which the Grace Period relates.Eligible expenses incurred during a Grace Period and approved for reimbursement will be paid first from available amounts remaining at the end of the Plan Year to which the Grace Period relates, and then from any amounts that are available to reimburse expenses incurred during the current Plan Year.
OPS Employees are not eligible for this benefit; Benefits available to the Participant under a Dependent Care Component as described in Article VII of this Plan; Benefits available to the Participant under a Health Savings Account as described in Article VIII of this Plan; and Such other benefits as may be made available to Participants by the Employer by amendment hereto.