Section 125 Plans definition

Section 125 Plans means a cafeteria or premium-only plan under section 125 of the Internal Revenue Code of 1986, as in effect from time to time, that allows employees to pay for health coverage premiums and other costs and expenses mentioned therein with pretax dollars.
Sample 1Sample 2Sample 3
Section 125 Plans has the meaning set forth in Section 5.5(b) ----------------- -------------- (Employee Benefits Matters--Employee Benefit Plans).
Sample 1Sample 2

Examples of Section 125 Plans in a sentence

  • Eligible employees may participate in the County Flexible Spending Accounts (Section 125 Plans) for medical reimbursement and dependent care.

  • The University shall maintain substantially equivalent substantive Section 125 Plans for the duration of this Agreement, including flexible spending accounts (“FSAs”) for unreimbursed, out-of-pocket medical expenses (“Health FSA”) and work-related dependent care expenses (including day care and elder care) (“Dependent Care FSA”).

  • The County shall make available and administer according to law and regulation Section 125 Plans (also known as flexible spending accounts).

  • The College shall provide Section 125 Plans (A and B) for use by members.

  • Employees will have the option of setting aside monies for child care costs according to the rules of Section 125 Plans.

  • The College shall provide Section 125 Plans (A and B) for use by faculty members.

  • Employees shall be afforded the opportunity annually to learn about Section 125 Plans and the process for choosing and funding a Plan.

  • The County shall make available and administer according to law and regulation Section 125 Plans (also known as Flexible Spending Accounts).

  • The Employer will pay for annual enrollment fees for active employees enrolling in the VEBA and/or Section 125 Plans, and for administrative fees allocable to individual accounts of active employees.

  • Section 125 Plans – The Board will allow before-tax deductions for insurances.

Related to Section 125 Plans

  • Qualified Plans has the meaning set forth in Section 5.20.

  • New Plans has the meaning set forth in Section 5.5(b).

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Old Plans shall have the meaning set forth in Section 5.11(b).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Sub-Plans means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting the offering of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the United States of America, with each such sub-plan designed to comply with local laws applicable to offerings in such foreign jurisdictions. Although any Sub-Plan may be designated a separate and independent plan from the Plan in order to comply with applicable local laws, the Absolute Share Limit and the other limits specified in Section 5(b) shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

  • Health Plans means any and all individual and family health and hospitalization insurance and/or self-insurance plans, medical reimbursement plans, prescription drug plans, dental plans and other health and/or wellness plans.

  • Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Statutory Plans means statutory benefit plans which a Party and any of its Subsidiaries are required to participate in or comply with, including any benefit plan administered by any federal or provincial government and any benefit plans administered pursuant to applicable health, tax, workplace safety insurance, and employment insurance legislation;

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Other Plan means any of the following plans, other than this Plan, providing benefits or services for medical or dental care or treatment:

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Option Plans has the meaning set forth in Section 2.6 below.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Retiree means any person who has begun accruing a retirement

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.