Common use of Cash Payment Option Clause in Contracts

Cash Payment Option. Available eligible amounts not used for the purchase of benefits under this Plan may be considered a cash benefit under the Plan payable to the Participant as taxable income to the extent indicated in Item E of the Adoption Agreement and as specified in the Participant’s MOU or Compensation Summary.

Appears in 2 contracts

Sources: Cafeteria Benefits Plan, Cafeteria Benefits Plan