Common use of Section 125 Plan (Cafeteria Plan) Clause in Contracts

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in Paragraphs 3 & 4 below.

Appears in 2 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov

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Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) . The “Cafeteria Plan” shall also allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (FSAs”) described in Paragraphs paragraph 3 & 4 below.

Appears in 2 contracts

Samples: dam.assets.ohio.gov, serb.ohio.gov

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain establish, a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in Paragraphs 3 & 4 belowAssociation).

Appears in 1 contract

Samples: Master Agreement

Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts ("FSAs") described in Paragraphs 3 & 4 below.

Appears in 1 contract

Samples: serb.ohio.gov

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Section 125 Plan (Cafeteria Plan). 1. The Board shall maintain has established a "Cafeteria Plan" that is designed to (a) allow teachers who must make employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the B.E.A.) AEA), and (c) allow teachers to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in Paragraphs 3 & 4 paragraph 5 below.. In accordance with the foregoing, the Payment in Lieu of insurance Coverage provisions of this Agreement shall be made through the Cafeteria Plan,

Appears in 1 contract

Samples: An Agreement

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