Section 125 Plan definition

Section 125 Plan means the flexible spending accounts or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored by Fountain as described in Section 6.7(b).

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Section 125 Plan means a cafeteria or premium-only plan under section 125 of the Internal Revenue Code that allows employees to pay for health coverage premiums with pretax dollars.

Section 125 Plan. (i) when immediately preceded by “Tyco,” shall mean a flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored by Tyco, (ii) when immediately preceded by “Healthcare,” shall mean the flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored program to be established by Healthcare under Section 6.8(b)(i); and (iii) when immediately preceded by “Electronics,” shall mean the short flexible spending account or flexible benefit plan qualified under Section 125 of the Internal Revenue Code sponsored to be established by Electronics under Section 6.8(b)(ii).

Examples of Section 125 Plan in a sentence

• The Section 125 Plan (Flexible Spending Plan) offered by the School District is a plan established to provide a way to save money on costs for medical and dependent care expenses.

• For purposes of Section 5(c) of this Agreement, Base Salary shall be defined as the amount reported in Box 1 of the Executive’s Form W-2, plus amounts deferred under the Bank’s 401(k) Plan and/or Section 125 Plan (if any), or deferred at the Executive’s election or on behalf of the Executive to any non-qualified deferred compensation plan of the Bank or the Company.

• Employee medical premium payments can be made via a pre-tax Section 125 Plan option when available.

• This comprehensive program currently covers medical and dental benefits, life and disability insurances, and a Section 125 Plan.

• Part-time employees may utilize the IRS Section 125 Plan for payments.

More Definitions of Section 125 Plan

Section 125 Plan means a cafeteria plan compliant with section 125 of the federal Internal Revenue Code that enables employees to use pretax dollars to pay their share of their health benefit plan premium.

Section 125 Plan. Section 125 Plan," when immediately preceded by "Eaton," means the Eaton FSA/Dependent Reimbursement Plan, and the Eaton FSA/Medical Reimbursement Plan. When immediately preceded by "Axcelis Technologies," "Section 125 Plan" means the Axcelis Technologies FSA/Dependent Reimbursement Plan and the Axcelis Technologies FSA/Medical Reimbursement Plan to be established by Axcelis Technologies pursuant to Sections 2.2 and 5.8.

Section 125 Plan means a plan or program providing flexible or other benefits that may be established by the Partnership pursuant to Sections 2.2 and 5.1.

Section 125 Plan means the Palm Premium Plan, the Palm FSA/Dependent Reimbursement Plan, and the Palm FSA/Medical Reimbursement Plan to be established by Palm pursuant to Sections 2.2 and 5.10.

Section 125 Plan when immediately preceded by "Cadence," means a plan or program providing flexible or other benefits and which relies on Code Section 125 for its tax favored treatment. When immediately preceded by "Tality," "Section 125 Plan" means a plan or program providing flexible or other benefits that may be established by the Partnership pursuant to Sections 2.2 and 5.1.

Section 125 Plan means the Coach Premium Plan and the Coach FSA Plan to be established by Coach pursuant to Sections 1.2 and 4.3.

Section 125 Plan means a Premium Only Plan under section 125 of the Internal Revenue Code.