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

Section 125 Plan (Cafeteria Plan). A. The Board shall establish a “Cafeteria Plan” that is designed to allow employees who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall allow employees the option to elect to participate in the dependent care and medical care flexible spending accounts (“FSA’s”) described in paragraph C below.

Section 125 Plan (Cafeteria Plan). A. 1. The Board shall establish continue to provide a “"Cafeteria Plan” " that is designed to (a) allow employees who must make employee contributions for health care coverage to elect to do so on a pre-tax basis. The “Cafeteria Plan” shall ; and, (b) allow employees the option to elect to participate in the dependent care and medical care flexible spending accounts (“FSA’s”"FSAs") described in paragraph C §3 below. In accordance with the foregoing, any payments in lieu of insurance coverage provided by this Agreement shall be made through the Cafeteria Plan.