FSA Participant definition

FSA Participant means an eligible Employee who participates in one or both of the FSAs. For example, a Dependent Care FSA Participant is an FSA Participant who participates in the Dependent Care FSA and a Health Care FSA Participant is an FSA Participant who participates in the Health Care FSA.
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FSA Participant means any person who is eligible, properly enrolled and entitled to benefits under the terms of the FSA Plan.
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FSA Participant has the meaning set forth in Section 8.1(k).
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Examples of FSA Participant in a sentence

  • According to rules set forth in Code Section 223 (applicable to Health Savings Accounts), a Health FSA Participant will not be able to make/receive tax favored contributions to a Code Section 223 Health Savings Account unless the scope of expenses eligible for reimbursement under the Health FSA is limited to the following expenses (as determined in the sole discretion of the Plan Administrator): a.

  • A Health FSA Participant may make an election during the annual enrollment period and/or the initial enrollment period to limit reimbursement under this Health FSA to medical expenses described above.

  • If a spouse maintains a Code Section 223 Health Savings Account or wishes to establish a code Section 223 Health Savings Account, the Health FSA Participant may make an election during the initial enrollment period and/or the annual enrollment period to exclude all family members from coverage and cover only the Participant.

  • If the Administrator is unable to reimburse any FSA Participant because the identity or where- abouts of such Participant cannot be ascertained, subsequent payments otherwise due to such Participant shall be forfeited after the end of the Run-Out Period of the Flexible Benefits Plan Year.

  • Guides are: FSA Participant Guide, FSA Administrative Guide, HSA Participant Guide and HSA Administrative Guide.

  • Notwithstanding the foregoing, no Transferred Employee who elects COBRA continuation coverage with respect to such person’s flexible spending account under the Company FSA shall be considered an FSA Participant, and any such person’s flexible spending account balance shall not be an FSA Balance.

  • The Company shall provide to Purchaser Sub as soon as administratively feasible following a Closing Date, Subsequent Closing Date or Distribution Center Closing Date, as applicable, a schedule setting forth the relevant FSA Participants and the amount each FSA Participant has elected to contribute to the Company FSA for the current Company FSA plan year and the amount reimbursed by the Company FSA to the FSA Participant (or eligible dependent) (the “FSA Balances”).

  • The salary reduction election of an FSA Participant under the Company FSA will be continued by the Purchaser FSA for the remainder of the Purchaser FSA plan year following an Employment Start Date (subject to limitations under applicable Law).

  • Notwithstanding the foregoing, no Business Employee who elects COBRA continuation coverage with respect to such Business Employee’s flexible spending account shall be considered an FSA Participant and any such Business Employee’s flexible spending account balance shall not be an FSA Balance.

  • Seller shall provide to Buyer as soon as administratively feasible following the Closing Date, a schedule setting forth the FSA Participants and the amount each FSA Participant has elected to contribute to the Seller FSA for the current calendar year and the amount reimbursed by the Seller FSA to the FSA Participant (or eligible dependent) (the “FSA Balances”).


More Definitions of FSA Participant

FSA Participant. Any Continuing Employee who, at the Closing, is a participant, and who maintains a positive account balance, in any Seller Party FSA.
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FSA Participant shall have the meaning set forth in Section 9.01(j).
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Related to FSA Participant

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows:

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Participant has the meaning specified in Section 10.06(d).

  • Key participant means a sole proprietor, a partner in partnership, or a person with executive managerial control in a corporation. A person with executive managerial control includes persons such as a chief executive officer, chief operating officer and chief financial officer. This definition does not include non-executive managers such as farm, field, or shift managers.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Other Participant means a cooperative project participant other than the United States.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Covered Participant means a Participant who is a “covered employee” as defined in Section 162(m)(3) of the Code, and the regulations promulgated thereunder, and any individual the Committee determines should be treated as such a covered employee.

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Study Participant means a person recruited to participate in the Study.

  • Qualified Participant means an individual who is a participant of Tier 2 and who meets 1 of the following requirements:

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.