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Ile City may, subject to applicable law, pert Participants to revoke or modify elections as a result of-Plan amendments made to comply with the Code and replations thereunder. ARTICLE v BE IT 5.01 Benefits Av lable Under the Plan Subject to the requirements of Article VIII, Minimum Benefits anti Article I , elections, Full-time Employees can elect the benefits under any one of the options set out in it A to this Plan. Part-tine Employees can elect the benefits under any one of the options set out in E hibf t B to this Plan. 5.02 Medical Renellt Plan The City maintains a medical insurance plan.' Each Participant shall have the right to elect to take medical insurance coverage. Coverage may be elected on an employee-only basis, or on an employee-dependent basis, according to the terms and conditions contained in the plan documents of the health care program which is incorporated by reference. Each Participant shall specify in his or her Benefit Election and Compensation Reduction Agreement the amounts to be credited to his or her participant account. The niaxirnum amount that may be allocated for this Benefit is the amount necess ary to provide the prernium contribution for the coverage or coverages provided under such p or tan lans. If P such Benefit is pursuant to a plan offered by an insurance company or other third-party health provider, such Benefit will be provided by the City directly to the insurer or p rovider on the Participants behalf. In the event that premium increases become effective during the Plan Year, a Participanfs salary reduction amount shall be automaticall y adjusted to reflect such increases. S.03 Long Term Disability im The City maintains a group accident and sickness insurance plan within the mein g of Code Sec. 106 pursuant to a separate written document, which is incorporated b . � y reference, under which disability income continuation benefits are P rovided for the Participants. 10