Flexible Compensation definition
Examples of Flexible Compensation in a sentence
Optional benefits will be provided under the Classified Flexible Compensation Program (see program booklet for details).
The School District shall provide a "Flexible Compensation Plan" as authorized by Internal Revenue Code, Section 125.
Optional benefits will be provided under the Public Safety Flexible Compensation Program (see program booklet for details).
Optional benefits will be provided under the Maintenance Flexible Compensation Program (see program booklet for details).
A Participant’s Flexible Compensation for the payroll period in excess of such amount shall be paid to the Participant as cash compensation for the period.
For each payroll period, a Participant’s Compensation shall be reduced by the portion of a Participant’s Flexible Compensation, which such Participant has elected to have contributed by the Company to the Trust Fund as a Section 401(k) Contribution (or such lesser amount determined by the Plan Administrator pursuant to Section 5.3(c)).
The books and records of the Company shall designate twenty percent (20%) of each Participant’s Compensation for each payroll period as “Flexible Compensation.” Flexible Compensation shall for all purposes, tax or otherwise, be treated as part of a Participant’s Compensation and the designation of such amount shall be relevant only for purposes of this Article V.
Benefits will be provided under the Public Safety Flexible Compensation Program (see program booklet).
All employees shall be allowed to participate in the UCS Flexible Compensation Plan and the Premium Only Plan.
The Employer shall provide insurance for long-term disability and for accidental death in accordance with the existing core coverage as provided by the Employer's Flexible Compensation Plan.