2003-01-08 CC Packet - Laserfiche WebLink

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( e) Unused Benefits. If, following the final payment of reimbursement benefits for eligible expenses incurred during the Period of Coverage for any Plan Year, any amount remains in a Participant's Dependent Care Reimbursement Account for that Plan Year, such amount shall be returned to the Plan and Participant shall have no further claim to that amount. (f) Annual Statement of Benefits. On or before January 31 of each calendar year, the Employer shall furnish to each Participant who received benefits under paragraph 5.2.3 during the preceding calendar year, a statement of all such benefits paid to or on behalf of the Participant during the prior calendar year. (g) Separate Written plan. For purposes of the Code, paragraph 5.2.3 shall constitute a sepi.rate written plan providing a program of dependent care assistance. To the extent necessary, other provisions of the Plan are deemed incorporated by reference in paragraph 5.2.3. 5.2.4 Life Insurance. Payment of the Employee cost of coverage under such group term life insurance, in an amount not to exceed $50,000, as the Employer elects to make available to the Participants. Section 5.3 Taxable Cash Compensation. The amount of any employer contribution or Pretax Contributions not used by a Participant for benefits, shall be paid to the Participant as taxable cash compensation at the time the contributions constituting such employer contributions or Pretax Contributions would be paid without regard to this Plan. Taxable cash compensation under this Section 5.3 shall be deemed a benefit. Article VI. Claims Procedure Section 6.1 Written Claim for Benefits. Benefit payments shall not be made under this Plan until the Employer or its agent has received a claim for benefits that satisfies all requirements of the separate benefit plan under which such benefit is claimed to be due. 19