Section 125 Sample Clauses

Section 125. The benefits provided to an administrator by Section 125 of the Revenue Act of 1978, both Generation I and Generation II, shall be made available. Any start-up cost and annual fee (if charged) will be paid by the school district and the monthly administrative fee will be paid by participating administrator.
Section 125. The BOARD shall pay the annual enrollment fees to allow teacher participation in a Section 125 program. Some of the features to be included in the Section 125 program shall include the availability of premium conversion, unreimbursed medical account, and dependent care account, provided any enrollment requirements are fulfilled.
Section 125. The parties agree to continue Section 125 Generation I and Generation II and employees shall pay the fee charged for Generation II.
Section 125. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to any bargaining unit member so requesting. An amount not to exceed twenty-five percent (25%) of salary may be set aside by the employee for the selection of benefits, under Section 125 of the Internal Revenue Code, which are non-taxable benefits of major medical, long-term disability, short-term disability, Section 79 Life, non-reimbursable medical and dependent care. The plan will be administered through an insurance carrier selected by the Board. All administration fees for participation in the plan shall be paid by the plan participants.
Section 125. Under the auspices of Section 125 of the Internal Revenue Code the District shall provide
Section 125. Any changes to the current Section 125 Flexible Fringe Benefit Plan, of the IRS Code will be subject to mutual agreement by the Parties. Employees may have an amount not to exceed $2,400.00 (two thousand four hundred) for un- reimbursed medical costs and $5,000.00 (five thousand) for dependent care expenses allocated for Section 125. All flexible spending account agreements entered into between provider and employee are to be paid in their entirety to the corporation if claims are presented and have been paid on behalf of the employee in advance of payroll deductions. The corporation will inform teachers annually of the availability of a Section 125 plan.