Examples of Dependent Care in a sentence
Cessation of Participation A Participant who ceases to be a Participant, as provided in Section 3.02, during a Plan Year shall be entitled to reimbursement of Dependent Care Expenses Incurred before the end of the Plan Year, during which the individual ceased to be a Participant.
Debiting of DCAP As of the date of any payment under this Article to or for a Participant's benefit for Dependent Care Expenses Incurred during a Coverage Period, the Participant's DCAP shall be debited by the amount of the payment.
Reimbursement of Dependent Care Expenses If a Participant submits a claim and documentation as required by Section 8.05, and the Plan Administrator approves the claim, the Plan shall reimburse the Participant from the Participant's DCAP for Dependent Care Expenses incurred during the Coverage Period, at such times as the Plan Administrator shall prescribe, but no less frequently than monthly.
The claim for reimbursement may be made before or after the Participant has paid the Dependent Care Expenses, but not before the Participant has Incurred the Dependent Care Expenses.
Forfeiture of DCAP Funds Except as provided under Section 8.06, the amount credited to a Participant's DCAP shall only be used to reimburse the Participant for Dependent Care Expenses Incurred during the Coverage Period while a Participant, and only if the Participant applies for reimbursement by December 31, 2024, following the end of the applicable Coverage Period.