Examples of Qualified Benefits in a sentence
Employer must contribute to provide Qualified Benefits on behalf of each Qualified Employee, regardless of whether an Employee makes a salary contribution of their own.
In the event participation in Qualified Benefits need to be reduced for a class of Participants, the Administrator will reduce the participation in Qualified Benefits for each affected Participant, beginning with the Participant in the class who elected the greatest participation in Qualified Benefits, continuing with the Participant in the class who elected the next greatest participation in Qualified Benefits, and so forth, until the defect is corrected.
Applies to Elections of Qualified Benefits and Elections with Respect to the Dependent Care Flexible Spending Account).
Each claim will be substantiated by the submission of a third-party statement that shows that the claim is for a Qualified Benefits Expense, or by automated means that comply with guidelines established under IRS Rev.
In the case of a planned layoff, an Employee may be able to pre-fund a Qualified Benefits Plan through the end of the planned leave or the end of the Plan Year.