Laserfiche WebLink
<br />Salary Reduction Agreement - The agreement by an Employee authorizing the Plan Sponsor to reduce the <br />Employee's compensation while a Participant during the Plan Year for purposes of making contributions toward <br />benefits under the Plan. <br /> <br />Spouse - An individual who is legally married to a Participant but shall not include an individual separated from a <br />Participant under a decree of legal separation. A spouse must be of the opposite sex. <br />Status Change <br />1. With regards to the election to participate in the Plan and election for benefits other than Accident, Health <br />and Group Term Life, status change shall mean a change in status such as the marriage or divorce of the <br />Participant; the adoption, placement for adoption, birth or death of a child or other Dependent of the <br />Participant or the Participant's Spouse; the emancipation or coming of age of a child of the Participant so <br />that the child is no longer eligible as a Dependent under change in status in the opinion of the Plan Sponsor. <br />2. With regards to elections for accident, Health or Group Term Life benefits, status change shall mean events <br />that change an eligible Employee's legal marital status, number of dependents, the eligible Employee's, <br />Spouse's or dependent's employment status, work schedule, residence or work site, an event that causes an <br />eligible Employee's Dependent to satisfy or cease to satisfy the requirements for coverage, and such other. <br />events as provided in code or regulation. <br /> <br />Page 22 <br />