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2005-063
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2005-063
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Last modified
7/8/2016 2:09:53 PM
Creation date
9/30/2015 8:22:00 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Plan
Approved Date
02/15/2005
Control Number
2005-063
Agenda Item Number
7.L.
Entity Name
Flex Company of America
Subject
Health Plan for Circuit Court Cafeteria Plan Flexible Spending
Archived Roll/Disk#
4000
Supplemental fields
SmeadsoftID
4673
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his Cafeteria Plan Benefit Dollars may be allocated and from which Premiums of the Participant <br /> shall be paid or reimbursed . <br /> 1 . 22 "Salary Redirection " means the contributions made by the Employer on behalf of <br /> Participants pursuant to Section 3 . 1 . These contributions shall be converted to Cafeteria Plan <br /> Benefit Dollars and allocated to the funds or accounts established under the Plan pursuant to <br /> the Participants' elections made under Article V. <br /> 1 . 23 " Salary Redirection Agreement" means an agreement between the Participant <br /> and the Employer under which the Participant agrees to reduce his Compensation or to forego <br /> all or part of the increases in such Compensation and to have such amounts contributed by the <br /> Employer to the Plan on the Participant's behalf. The Salary Redirection Agreement shall apply <br /> only to Compensation that has not been actually or constructively received by the Participant as <br /> of the date of the agreement ( after taking this Plan and Code Section 125 into account) and , <br /> subsequently does not become currently available to the Participant . <br /> 1 . 24 " Spouse" means the legally married husband or wife of a Participant as <br /> determined under Federal Law , <br /> ARTICLE II <br /> PARTICIPATION <br /> 2 . 1 ELIGIBILITY <br /> Any Eligible Employee as defined in the Adoption Information shall be eligible to <br /> participate hereunder . However, any Eligible Employee who was a Participant in the Plan on the <br /> effective date of this amendment shall continue to be eligible to participate in the Plan . <br /> 2 . 2 EFFECTIVE DATE OF PARTICIPATION <br /> An Eligible Employee shall become a Participant effective as of the date on <br /> which he satisfies the requirements of Section 2 . 1 . <br /> 2 . 3 APPLICATION TO PARTICIPATE <br /> An Employee who is eligible to participate in this Plan shall , during the applicable <br /> Election Period , complete the election process to participate . The election shall be irrevocable <br /> until the end of the applicable Plan Year unless the Participant is entitled to change his Benefit <br /> elections pursuant to Section 5 . 4 hereof. <br /> An Eligible Employee may also be required to execute a Salary Redirection <br /> Agreement during the Election Period for the Plan Year during which he wishes to participate in <br /> this Plan . Any such Salary Redirection Agreement shall be effective for the first pay period <br /> beginning on or after the Employee's effective date of participation pursuant to Section 2 . 2 . <br /> Notwithstanding the foregoing , an Employee who is eligible to participate in this <br /> Plan and who is covered by the Employer's insured Benefits , if offered under this Plan , shall <br /> automatically become a Participant to the extent of the Premiums for such insurance unless the <br /> Employee elects , during the Election Period , not to participate in the Plan . <br /> 3 <br />
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