Section 125 Account Sample Clauses

Section 125 Account. The Board shall implement a Section 125 Plan to enable employees to pay their insurance premium contributions with pre-tax dollars. In addition, the Board shall implement a flexible spending account option including a childcare component. Participating employees may contribute additional money to the account as provided by the carrier.
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Section 125 Account. A Section 125 flexible spending account shall be available to each employee for premium conversion plan. Dependent care and medical reimbursement plan will be available at the option of the Board. Participation in such account shall be at the option of each individual employee. The Board shall pay such administrative costs as may be required by the plan.
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Section 125 Account. Employees will have access to a Section 125 Account for premium contributions and any other qualified contributions allowed under the Internal Revenue Service up to the maximum allowable limit as available currently in the Xxxxxx Xxxxxxxx Shelburne Cooperative School District.
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Section 125 Account. A Section 125 Flexible Spending Account shall be available to each employee. Participation in such account shall be at the option of each individual employee. Participation shall be by payroll deduction, with all administrative and handling cost charged by the carrier being the responsibility of the employee(s). Full explanation of this program shall be the sole responsibility of the WEA.
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Section 125 Account. The Board shall implement an Internal Revenue Code Section 125 plan for all unit members, which the employee share of insurance premium is paid with pre-tax dollars.
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Section 125 Account. The Board will continue its Internal Revenue Code Section 125 Plan for all unit members under which the employee share of insurance premiums is paid with pre-tax dollars.
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Section 125 Account. A section 125 flexible spending account shall be available to each employee. Participation in such flexible spending account shall be at the option of each individual employee. Administrative costs required by the plan shall not be paid by the Board of Education.
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Related to Section 125 Account

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • TERMINATION OF CARD ACCOUNT 10.1 Your option to terminate You may terminate your card account if you:-

  • Section 125 Plan The Trustees shall continue the Section 125 plan to allow pretax treatment of the employee’s share of health and dental insurance premiums. The plan will be available as soon as practicable, but no later July 1, 1998. The plan will be amended to include a medical reimbursement account and a dependent care reimbursement account to be available for enrollment no earlier than July 1, 2003, but no later than December 31, 2003.

  • Individual Accounts An individual account is an account owned by one depositor including any individual, corporation, partnership, trust, or other organization qualified for Credit Union membership. If the account is an individual account, the interest of a deceased individual owner will pass, subject to applicable law, to the decedent’s estate or payable on death (“POD”) beneficiary, if applicable.

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