Common use of Establishment of VEBA Clause in Contracts

Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement until all VEBA accounts have been depleted.

Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators custodians and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, employees custodians and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute constitutes a voluntary employeescustodians’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement until all VEBA accounts have been depleted.

Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators building technology employees and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, building technology employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary building technology employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement contract until all VEBA accounts have been depleted.

Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators confidential employees and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, confidential employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement until all VEBA accounts have been depleted.

Establishment of VEBA. Effective July 1, 2005, the School District made available a VEBA Plan and Trust to all qualified administrators food service employees and eligible retirees who exercise their option to enroll in the health insurance program offered through the District. The School District, food service employees and eligible retirees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary food service employees’ beneficiary association under Section 501(c)(9) of the Internal Revenue Code. The School District will specify in the Adoption Agreement for the VEBA Plan document, before the first day of the health flexible spending account (FSA) plan year, that eligible health expenses will be paid from the FSA first, until an individual’s FSA account is exhausted, and from the VEBA Plan second. The School District agrees to take such steps as are necessary to achieve reimbursement of eligible health expenses from the FSA first, including amending the FSA or VEBA Plan so that their plan years begin and end on the same date. VEBA Plan contributions ceased as of June 30, 2016. Language will remain in this agreement until all VEBA accounts have been depleted.