Flexible Spending Plans. Employees may participate in the Internal Revenue Service Section 125 flexible spending plans that are made available by the State.
Flexible Spending Plans. Effective as of the Closing Date, Buyer shall use reasonable best efforts to establish or provide a flexible spending plan maintained in the United States and, for the avoidance of doubt, a health reimbursement account plan maintained in the United States (collectively, the “Buyer FSA Plan”) in which Continuing Employees in the United States will be eligible to participate. Where applicable, Seller and Buyer shall take all commercially reasonable actions necessary or appropriate so that, effective as of the Closing Date, (i) the account balances (whether positive or negative) (the “Transferred FSA Balances”) under the applicable flexible spending plan of Seller (collectively, the “Seller FSA Plan”) of the Continuing Employees in the United States who are participants in the Seller FSA Plan shall be transferred to the Buyer FSA Plan; (ii) the elections of such Continuing Employees in the United States shall apply under the Buyer FSA Plan in the same manner as under the Seller FSA Plan; and (iii) such Continuing Employees in the United States shall be reimbursed from the Buyer FSA Plan for claims incurred at any time following the Closing Date that are submitted to the Buyer FSA Plan from and after the Closing Date on the same basis and the same terms and conditions as under the Seller FSA Plan. As soon as practicable after the Closing Date, and in any event within ten (10) Business Days after the amount of the Transferred FSA Balances is determined, (A) Seller shall pay Buyer, in cash, the net aggregate amount of the Transferred FSA Balances, if such amount is positive, or (B) Buyer shall pay to Seller, in cash, the net aggregate amount of the Transferred FSA Balances, if such amount is negative.
Flexible Spending Plans. Such Seller understands that Sellers shall maintain in effect any flexible spending plans in which Business Employees maintain accounts until the close of the calendar year in which such Business Employees are hired by Buyer. Each Business Employee shall continue to seek reimbursement under the flexible spending plan of Pillsbury or General Xxxxx, as applicable, throughout the close of the calendar year in which the Business Employee is hired by Buyer.
Flexible Spending Plans. (pre-tax) - Healthcare - Dependent Care
Flexible Spending Plans. Except to the extent that continued coverages for flexible spending accounts for medical and dependent care expenses (“FSAs”) are otherwise provided under the Transition Services Agreement, as of the Transfer Date for each Transferred Employee, Buyer will establish flexible spending accounts for medical and dependent care expenses under a new or existing plan (“Buyer’s FSA”) for such Transferred Employee who, on or prior to the Effective Time, is a participant in a flexible spending account for medical and dependent care expenses under a Seller Plan (“Seller’s FSA”) or who elects to participate in Buyer’s FSA. Subject to Buyer being provided all information reasonably necessary to permit the administrator of Buyer’s FSA to accommodate the inclusion of the Transferred Employees in Buyer’s FSA on the basis described herein, Buyer will credit or debit, as applicable, effective as of the Transfer Date, the applicable account of each Transferred Employee under Buyer’s FSA with an amount equal to the balance of each such Transferred Employee’s account under Seller’s FSA as of immediately prior to the Transfer Date.
Flexible Spending Plans. Employees shall be eligible to participate in the Town’s health and dependent care flexible spending plans.
Flexible Spending Plans. B. Application to the Guidelines
Flexible Spending Plans. Prior to the Distribution Effective Time, LMI will establish or designate dependent care and medical care flexible spending account benefit plans for GetGo Employees. The account balances and contribution elections of GetGo Employees under Citrix’s flexible spending account benefit plans will transfer to the LMI flexible spending account benefit plans, and the LMI flexible spending account benefit plans will assume responsibility for outstanding claims under Citrix’s flexible spending account benefit plans attributable to GetGo Employees for the year in which the Distribution occurs. Following the Distribution, Citrix will transfer to GetGo the contributions made by GetGo Employees to Citrix’s flexible spending account benefit plans for the plan year in which the Distribution occurs, reduced by the amount of the total claims paid by Citrix’s flexible spending account benefit plans for GetGo Employees for the plan year.
Flexible Spending Plans. (i) On or prior to and with effect as of the Separation Date, New Viacom shall establish and adopt health care reimbursement and dependent care reimbursement programs (collectively, the “New Viacom Flexible Benefit Plan”) for all New Viacom Employees. Prior to the Separation Date, Viacom and New Viacom shall take all actions necessary or appropriate so that, effective as of the Separation Date, (A) the flexible spending account balances of the New Viacom Employees (whether positive or negative) for the year in which the Separation Date occurs and, if applicable, the preceding year (the “Transferred Account Balances”) under the Viacom Flexible Benefit Plan shall be transferred to the New Viacom Flexible Benefit Plan; (B) the election levels and coverage levels of the New Viacom Employees shall apply under the New Viacom Flexible Benefit Plan in the same manner as under the Viacom Flexible Benefit Plan; and (C) the New Viacom Employees shall be reimbursed from the New Viacom Flexible Benefit Plan for eligible healthcare and dependent care claims incurred at any time which are submitted to the New Viacom Flexible Benefit Plan from and after the Separation Date on the same basis and the same terms and conditions as under the Viacom Flexible Benefit Plan. As soon as practicable after the Separation Date, CBS shall pay New Viacom in cash the net aggregate amount of the Transferred Account Balances under the Viacom Flexible Benefit Plan, if such amount is positive, and New Viacom shall pay CBS in cash the net aggregate amount of such Transferred Account Balances, if such amount is negative.
Flexible Spending Plans. 35 SECTION 6.07. Service Credit.....................................................................................35 SECTION 6.08. Pre-Existing Conditions; Deductibles...............................................................35 SECTION 6.09. COBRA .............................................................................................35 SECTION 6.10. WARN ..............................................................................................35 SECTION 6.11. Assumption of Employment Agreements................................................................36 SECTION 6.12. Certain Plan Obligations...........................................................................36 Article VII TAX MATTERS
