Common use of CAFETERIA PLAN CONTRIBUTION Clause in Contracts

CAFETERIA PLAN CONTRIBUTION. 17.1 For each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer’s medical benefit plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer’s Internal Revenue Code Section 125 cafeteria plan program. (a) The Employer shall make the amounts listed below available for contribution to the Section 457(b) deferred compensation program. 1. $304 per month for each eligible regular Employee either declining single- hospital medical benefit plan coverage (must provide proof of other coverage which meets the Affordable Care Act’s minimum essential coverage requirements) or electing single hospital-medical benefit plan coverage; or 2. $229 per month for each eligible regular Employee with claimed dependents on the hospital-medical benefit plan. (b) Amounts contributed for regular part-time employees shall be prorated based on hours worked.