Right to Accept Transfer of Dependent Care Assistance Program Accounts Sample Clauses

Right to Accept Transfer of Dependent Care Assistance Program Accounts. The Plan Administrator shall have the right to accept the transfer of dependent care assistance program accounts of Participants in connection with a merger, acquisition, spinoff, reorganization, stock sale, asset sale, or similar transaction from a transferor plan. In such case, the transferred Participants who elected to participate in the transferor plan’s dependent care assistance program become participants in the Plan as of the beginning of the plan year for the transferor plan at the level of coverage provided under the transferor plan’s dependent care assistance program. The Dependent Care Expenses incurred by such a transferred Participant at any time during the plan year for the transferor plan (including claims incurred before the transaction) through the remainder of the Plan Year shall be reimbursed under the Plan’s Dependent Care Flexible Spending Account up to the total amount of the Participant’s contributions under the transferor plan’s dependent care assistance program and the Plan’s Dependent Care Flexible Spending Account reduced by amounts reimbursed by the transferor plan’s dependent care assistance program and the Plan’s Dependent Care Flexible Spending Account, as a result of which Dependent Care Expenses incurred prior to the effective date of the transaction but not previously reimbursed as well as Dependent Care Expenses incurred after the effective date of the transaction are reimbursable under the Plan’s Dependent Care Flexible Spending Account. The Plan Administrator shall further have the right to accept the transfer of dependent care assistance program accounts of Participants in connection with the aforementioned transactions at the end of the Plan Year, and, in such case, will reimburse the Participants for eligible Dependent Care Expenses on the same basis and the same terms and conditions as under the Plan.
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Related to Right to Accept Transfer of Dependent Care Assistance Program Accounts

  • Dependent Care Assistance Program The County offers the option of enrolling in a Dependent Care Assistance Program (DCAP) designed to qualify for tax savings under Section 129 of the Internal Revenue Code, but such savings are not guaranteed. The program allows employees to set aside up to five thousand dollars ($5,000) of annual salary (before taxes) per calendar year to pay for eligible dependent care (child and elder care) expenses. Any unused balance is forfeited and cannot be recovered by the employee.

  • Dependent Care Assistance Plan An employee may designate an amount per calendar year, from earnings on which there will be no federal income tax withholding for dependent care assistance (as defined in Section 129 of the Internal Revenue Code as amended from time to time.)

  • Employee Family Assistance Program (EFAP) services and the PEBT The Parties request that the PEBT Board undertake a review to assess the administering of all support staff Employee Family Assistance Program (EFAP) plans.

  • Employee Assistance Program (EAP) Section 1. The Employer agrees to provide to the Union the statistical and program evaluation information provided to management concerning Employee Assistance Program(s).

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

  • Agreement with Respect to Continuation of Group Health Plan Coverage for Former Employees of the Failed Bank (a) The Assuming Institution agrees to assist the Receiver, as provided in this Section 4.12, in offering individuals who were employees or former employees of the Failed Bank, or any of its Subsidiaries, and who, immediately prior to Bank Closing, were receiving, or were eligible to receive, health insurance coverage or health insurance continuation coverage from the Failed Bank ("Eligible Individuals"), the opportunity to obtain health insurance coverage in the Corporation's FIA Continuation Coverage Plan which provides for health insurance continuation coverage to such Eligible Individuals who are qualified beneficiaries of the Failed Bank as defined in Section 607 of the Employee Retirement Income Security Act of 1974, as amended (respectively, "qualified beneficiaries" and "ERISA"). The Assuming Institution shall consult with the Receiver and not later than five (5) Business Days after Bank Closing shall provide written notice to the Receiver of the number (if available), identity (if available) and addresses (if available) of the Eligible Individuals who are qualified beneficiaries of the Failed Bank and for whom a "qualifying event" (as defined in Section 603 of ERISA) has occurred and with respect to whom the Failed Bank's obligations under Part 6 of Subtitle B of Title I of ERISA have not been satisfied in full, and such other information as the Receiver may reasonably require. The Receiver shall cooperate with the Assuming Institution in order to permit it to prepare such notice and shall provide to the Assuming Institution such data in its possession as may be reasonably required for purposes of preparing such notice.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Transfer of Service and Seniority Effective October 10, 1986, and for employees who transfer subsequent to October 10, 1986, an employee whose status is changed from full-time to part- time shall receive credit for her full service and seniority.

  • Medical Transfers The District shall give alternate work, when it is available, to a Unit Member who has become medically unable to satisfactorily perform the Unit Member’s regular job classification duties. The alternate work may constitute lateral transfer or voluntary transfer to a lower classification. The District may require a statement from a licensed physician certifying that the Unit Member is medically able to perform the duties of the alternate work.

  • OBLIGATIONS AND ACTIVITIES OF CONTRACTOR AS BUSINESS ASSOCIATE 1. Contractor agrees not to use or further disclose PHI County discloses to Contractor other than as permitted or required by this Business Associate Contract or as required by law.

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