Common use of Section 125 Plan (Cafeteria Plan) Clause in Contracts

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a “Cafeteria Plan” that is designed to allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall also allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (FSAs”) described in paragraph 3 below.

Appears in 2 contracts

Samples: serb.ohio.gov, dam.assets.ohio.gov

AutoNDA by SimpleDocs

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall also , and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (FSAs”) described in paragraph Paragraphs 3 & 4 below.

Appears in 2 contracts

Samples: serb.ohio.gov, dam.assets.ohio.gov

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain has established a “Cafeteria Plan” that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall also , (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the AEA), and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (FSAs”) described in paragraph 3 5 below.. In accordance with the foregoing, the Payment in Lieu of insurance Coverage provisions of this Agreement shall be made through the Cafeteria Plan,

Appears in 1 contract

Samples: An Agreement

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain establish, a “Cafeteria Plan” that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall also , and (b) allow teachers to elect to participate receive additional cash in lieu of Board paid health coverage (as agreed to by the dependent care Board and medical care flexible spending accounts (FSAs”) described in paragraph 3 belowthe Association).

Appears in 1 contract

Samples: Master Agreement

AutoNDA by SimpleDocs

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall also , and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts ("FSAs") described in paragraph Paragraphs 3 & 4 below.

Appears in 1 contract

Samples: serb.ohio.gov

Time is Money Join Law Insider Premium to draft better contracts faster.