Elective Contribution. The amount the Participant authorizes the Employer to reduce compensation for the purchase of benefits elected.
Appears in 7 contracts
Sources: Section 125 Flexible Benefit Plan Adoption Agreement, Section 125 Flexible Benefit Plan, Section 125 Flexible Benefit Plan
Elective Contribution. The amount the Participant authorizes the Employer to reduce compensation for Compensation (via salary reduction) to pay the purchase cost of benefits electedelected Benefit Options pursuant to Section 3.04.
Appears in 1 contract
Sources: Section 125 Flexible Benefit Plan Adoption Agreement