Common use of Flexible Spending Arrangement Clause in Contracts

Flexible Spending Arrangement. CEO shall be eligible to participate in Sound Transit’s Flexible Spending Arrangement plan, as currently in effect or hereafter amended at Sound Transit’s discretion. As to CEO, this benefit currently includes a matching contribution by Sound Transit up to the maximum allowable under the Internal Revenue Code Section 125 regulations, which for 2019 is anticipated to be Two Thousand and Seven Hundred Dollars and No Cents ($2,700.00).

Flexible Spending Arrangement. CEO shall be eligible to participate in Sound Transit’s 's Flexible Spending Arrangement plan, as currently in effect or hereafter amended at Sound Transit’s 's discretion. As to CEO, this benefit currently includes a matching contribution by Sound Transit up to the maximum allowable under the Internal Revenue Code Section 125 regulations, which for 2019 is anticipated to be Two Thousand and Seven Hundred Dollars and No Cents ($2,700.00).