Salary Reduction Program Clause Samples
Salary Reduction Program. The College shall make available to members an IRS Section 125 salary reduction program for insurance premiums, and eligible non-reimbursed medical and dental care expenses. The maximum reimbursement for non-reimbursed medical and dental expenses shall be two thousand five hundred dollars ($2,500) and the maximum reimbursement for non-reimbursed dependent care shall be five thousand dollars ($5,000).
Salary Reduction Program. The Board shall make available to members an IRS Section 125 salary reduction program for insurance premiums, and eligible non- reimbursed medical and dependent care expenses. The maximum reimbursement for non-reimbursed medical expenses shall be twenty- five hundred dollars ($2,500) and the maximum reimbursement for non-reimbursed dependent care shall be five thousand dollars ($5,000).
Salary Reduction Program. For purposes of determining the Company's compensation and benefits obligations under any of the foregoing subparagraphs (a) through (d) of Section 6, any reduction in the Executive's Base Salary resulting from the officer salary reduction program implemented on January 1, 1992 shall be disregarded and the Executive's "salary of record" as in effect on December 31, 1991 shall be deemed to be in effect for the duration of the salary reduction program or, if higher, the Executive's actual annual salary.
Salary Reduction Program. The Board will offer the opportunity for employees to participate in a salary reduction agreement under Section 125. Implementation shall be subject to Internal Revenue regulations.
1. Teachers may elect to participate in this Section 125 Plan II Program and may withhold on a yearly basis the maximum allowable by law each plan year.
2. American Fidelity Group shall administer this plan in accordance with a Provider Agreement that is approved by the Board.
3. The Board shall not in any event be subjected to any additional liability or responsibility for cost of any kind beyond that which is contained in this Working Agreement as a result of implementing this Section 125 Plan.
Salary Reduction Program. 12.11 Workers' Compensation . .
Salary Reduction Program. The Board will offer the opportunity for employees to participate in a salary reduction agreement under Section 125, including dependent care, cancer insurance, and unreimbursed medical expenses. The Board will pay the initial set-up fees, and teachers shall pay the monthly administrative fee.
Salary Reduction Program. Each employee may designate a
Salary Reduction Program. The salary reduction program implemented in the 1991-1992 contract shall remain in effect.