FBP definition

FBP means the Pride International, Inc. Flexible Benefits Plan.

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FBP means FBP Acquisition Corp., Inc., a Delaware corporation.

FBP means the average of Benchmark Price available each date of the arrival month of the Shipment expressed in US dollars.

Examples of FBP in a sentence

• All payroll deductions, including HCSA and DCSA reimbursements, will continue and may not be stopped until the following open enrollment period, except when a qualifying event occurs as defined in the FBP document.

• Eligible employees who do not have sufficient Flex Credits to enroll in insurance plans offered under the City’s FBP, will have appropriate amounts withheld from their paychecks to pay for the cost of coverage they select.

• The City offers an IRS-qualified cafeteria-style benefits program called the Flexible Benefits Plan (FBP) to all eligible employees.

• It is the intent of the Parties that all component plans offered under the FBP comply with all applicable state and federal laws, including IRS regulations as interpreted by the City Attorney.

• Any FBP Credits remaining from the FBP allotment will be paid out as a taxable cash payment if a cash-back option is otherwise available to the employee.

• For eligible employees hired on or after July 1, 2020, there will be two options available under City’s FBP: (1) a $1,000 cash-back option for an employee who provides proof of qualifying medical coverage outside the FBP and selects the waiver; or, (2) a no-cash-back option which provides FBP Credits in varying amounts for Employee Only and for Employee-Plus tiers.

• Under the FBP, an annual dollar value is set for each eligible employee who may use these “FBP credits” for a variety of tax-free benefit or cash-in-lieu options, or take these FBP Credits as taxable cash under certain circumstances.

• An eligible employee who has other medical coverage outside the FBP may still select the lowest cost Employee Only medical insurance option and then use the remaining Flex Credits for other benefits but no cash-back.

• An IRS qualified cafeteria-style benefits program is offered to all eligible employees called Flexible Benefits Plan (FBP).

• Once the employee selects a medical plan offered under the FBP for Employee Only or for one of the Employee-Plus tiers below, the employee may use the remaining Flex Credits for other insurance plans offered under the FBP (life, dental, vision), or to fund a flexible spending account (FSA) for dental/medical/vision reimbursements or child/dependent care.

More Definitions of FBP

FBP means the Prestación Alimentar, the Borrower’s program created through the Borrower’s Resolution No. 2021/1549/APN/MDS dated October 22, 2021, which may be amended and/or complemented from time to time, including the expansion of the Program to be approved under the Project.

FBP means the average of the Benchmark Price during the Final Pricing Period, expressed in US dollars.

FBP has the meaning ascribed to it in section "4.1" hereinbelow;