Spending Accounts Clause Samples
Spending Accounts. Effective as of the Closing Date, the Purchaser shall assume, honor and be solely responsible for the Hired Employees’ elections for the calendar year in which the Closing Date occurs with respect to the healthcare spending account and the dependent care flexible spending account (the “Spending Accounts”) under the Benefit Plans. In the event that, as of the Closing Date, the aggregate amount withheld by the Sellers or their Affiliates from the Hired Employees’ compensation with respect to the Spending Accounts during the calendar year in which the Closing Date occurs exceeds the amount reimbursed to the Hired Employees in such calendar year, the Sellers shall remit the amount of the excess to the Purchaser promptly following the Closing Date. In the event that, as of the Closing Date, the aggregate amount withheld by the Sellers or their Affiliates from the Hired Employees’ compensation with respect to the Spending Accounts during the calendar year in which the Closing Date occurs is less than the amount reimbursed to the Hired Employees in such calendar year, the Purchaser shall remit to the Sellers the amount of such unfunded reimbursements promptly following the Closing Date.
Spending Accounts. If you participated in either the Health Care Expense Account or Dependent Care Account, deductions will stop as of the last day of the pay period that includes your Termination Date. Your Health Care Expense account may be continued through COBRA. You will be advised separately of coverage continuance rights by DCA, Inc., the COBRA administrator.
Spending Accounts. The Company agrees to offer a Health Care Spending Account effective 01/01/09. Employees can set aside between $120 and $5,000 each year, before taxes, to pay for eligible health or dental care expenses that are not reimbursed or covered by the medical or dental plan for themselves or eligible dependents. The Company agrees to offer the Dependent Day Care Spending Account where employees can set aside between $120 and $5,000 each year, before taxes, to pay for eligible dependent day care expenses. The following changes are to be considered as part of the final contract settlement with the understanding that appropriate language covering these items will be incorporated into the pension plan document as soon as possible.
Spending Accounts. A. Flex spending accounts are available for both medical and family care. The cap for the medical flex spending account is the maximum level allowed under Federal regulations; The family care flex pending accounts will be provided at the maximum level allowable by law.
Spending Accounts. 3001 Section 1
Spending Accounts. The Company agrees to offer a Health Care Spending Account effective 05/21/2018. Employees can set aside between $120 and $2,600 per year, pre-tax, for eligible medical and dental expenses. The Company agrees to offer the Dependent Day Care Spending Account where employees can set aside between $120 and $5,000 per year, pre-tax for eligible child and/or adult/elder day care expenses. The following changes are to be considered as part of the final contract settlement with the understanding that appropriate language covering these items will be incorporated into the pension plan document as soon as possible.
Spending Accounts. The Seller Affiliates and the Purchaser shall take all actions necessary or appropriate (in accordance with applicable tax rules and guidance) so that, effective as of the Effective Time, (i) the account balances (whether positive or negative) (the “Transferred Account Balances”) under the Seller Affiliates’ health and dependent care flexible spending account plans (the “FSAs”) of the Transferred Employees who are participants in the Seller Affiliates’ FSAs (the “Covered Employees”) shall be transferred to one or more comparable plans of the Purchaser; (ii) the elections, contribution levels and coverage levels of the Covered Employees shall apply under the Purchaser’s FSAs in the same manner as under the Seller Affiliates’ FSAs; and (iii) the Covered Employees shall be reimbursed from the Purchaser’s FSAs for claims (A) incurred at any time during the plan year of the Seller Affiliates’ FSAs in which the Effective Time occurs, and (B) submitted to the Purchaser’s FSAs from and after the Effective Time, substantially on the same basis, terms and conditions as under the Seller Affiliates’ FSAs.
Spending Accounts. All Buyers' Employees participating in Seller's medical and dependent care spending accounts shall continue to participate in those plans in accordance with the terms of those plans through the date their participation in those plans terminates in accordance with the provisions of Section IV. Seller shall be responsible for all claims submitted under its medical and dependent care spending account plans by a Buyers' Employee who participates in such plan, provided such claims were incurred prior to the date such Buyers' Employee's participation in the plan terminates and provided such claims meet the requirements set forth in the plan. Buyers' Employees must submit all such claims prior to the 90th day following the date their participation in such plan terminates.
Spending Accounts. T he Company shall provide access to a general purpose healthcare FSA with the limit matching m atch the Orange Plan individual deductible. T he company shall provide access to a dependent care FSA with a $5000 limit. C ompany Paid Life Insurance E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as O ptional Supplemental Life Insurance E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as a ny changes required by applicable law, all provisions of Optional Supplemental Life Insurance C ompany Paid Short Term Disability E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as
Spending Accounts. 3204 The Employer shall provide each Regular Full-Time and Regular Part-Time Employee with the opportunity to participate in the Healthcare Flexible Spending Account and Dependent Care Flexible Spending Account. Unused amounts in the Healthcare Flexible Spending Account up to 20% will be rolled over to the next year per IRS guidelines.