Health Spending Account for Regular Part-Time Faculty Sample Clauses
Health Spending Account for Regular Part-Time Faculty. Each Regular Part-Time faculty will be provided a health spending account in the amount of Sixty- Five Dollars ($65.00) per Half-Day course taught. Deposits to the health spending account will be made on September 1 of each year, based on the previous twelve (12) month period. Regular Part- Time faculty shall submit receipts for reimbursement for any expense or dependent eligible expense under the Canadian Federal Income Tax Act. Deposited amounts will be accessible for a twelve (12) month policy period. If there are any unused credits at the end of the twelve (12) month policy period, they will be rolled over into the next twelve (12) month policy period. In no event can credits be used after two (2) years.
Health Spending Account for Regular Part-Time Faculty. Each Regular Part-‐Time faculty will be provided a health spending account in the amount of Fifty Dollars ($50.00) per half-‐day course taught, increased to Sixty Dollars ($60.00) effective September 1, 2014, and Sixty-‐Five Dollars ($65.00) effective September 1, 2015. Deposits to the health spending account will be made on September 1 of each year, based on the previous twelve (12) month period. Regular Part-‐Time faculty shall submit receipts for reimbursement for any expense or dependent eligible expense under the Canadian Federal Income Tax Act. Deposited amounts will be accessible for a twelve (12) month policy period. If there are any unused credits at the end of the twelve (12) month policy period, they will be rolled over into the next twelve (12) month policy period. In no event can credits be used after two (2) years.