Common use of Section 125 Clause in Contracts

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.

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- 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.

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 unreimbursed 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.