Spending Accounts. The Company agrees to offer a Health Care Spending Account effective 05/18/2015. Employees can set aside between $120 and $2,500 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 Appendix C PENSION 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. 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. 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. This Section shall apply if Buyer shall maintain a plan or plans under Section 125 and Section 129 of the Internal Revenue Code in which Transferred Employees are eligible to participate during the 2000 calendar year ("BUYER'S SECTION 125 PLAN") and such Transferred Employees also participated in the corresponding plans of the Seller (the "SELLER'S SECTION 125 PLAN") during the 2000 calendar year. At the end of the 2000 year, the following adjustments shall be made between Buyer and Seller:
Spending Accounts. Bargaining unit employees may enroll in pre-tax spending accounts through payroll deduction, to provide reimbursement for qualified healthcare and dependent care expenses, on the same terms and conditions as other University staff. The University retains the right to make changes in the administration of these accounts, consistent with Internal Revenue Service regulations, and will notify the Union of such changes affecting bargaining unit employees. Back to Table of Contents ARTICLE XII
Spending Accounts. 3001 Section 1
Spending Accounts. T he Company shall provide access to a general purpose healthcare FSA with the limit matching the federal maximum. Should the federal maximum be eliminated, the annual maximum shall m atch the Orange Plan individual deductible. T he company shall provide access to a dependent care FSA with a $5000 limit. For individuals in an HSA-Qualified medical plan, Effective 1/1/2019 the company shall also provide access to a Limited Purpose FSA with a limit matching the general purpose FSA. C ompany Paid Life Insurance E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as any changes required by applicable law, all provisions of Company Paid Life Insurance plan currently in place are to remain unchanged. 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 plan currently in place are to remain unchanged. C ompany Paid Short Term Disability E xcept as the parties may otherwise agree pursuant to any Letter of Understanding, as well as any changes required by applicable law, all provisions of STD plan currently in place are to remain unchanged.
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. Effective as of the Closing, Olympic Plastics will make available to all U.S. Transferred Employees who have Flexible Spending Accounts with Ferro a substantially similar program to accept pre-tax deferrals of income for reimbursements of dependent care expenses on terms substantially similar to those maintained by Ferro immediately before the Closing with respect to such Flexible Spending Account.
