AgdaPkt 2003-03-24 - Laserfiche WebLink

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APPENDIX D DEPENDENT CARE ASSISTANCE PLAN Participation An Employee shall become a Participant in the Plan for purposes of Section 4.2 relating to the reimbursement of dependent care expenses by electing to have his compensation reduced by an amount as specified in Appendix A, and to have such amount credited to the DCAP. Establishment of Account The Company shall establish and maintain on its books, a separate Dependent Care Assistance Account for each Plan Year with respect to each Participant who has elected to have his compensation reduced pursuant to Section 4.2 for such Plan Year. This account shall not be co- mingled with any other accounts established pursuant to the Plan. Reimbursement of Dependent Care Expenses The Company shall reimburse each Participant from the Participant's Dependent Care Assistance Account for dependent care expenses incurred during the Plan Year for which the Participant submits written documentation in accordance with Section 5.1. No reimbursement of expenses incurred during a Plan Year shall at any time exceed the balance of the Participant's Dependent Care Assistance Account at the time of the reimbursement. The amount of any dependent care expenses not reimbursed as a result of the preceding sentence shall be reimbursed at a later date during the Plan Year only if and when the balance in the Participant's Dependent Care Assistance Account permits such reimbursement, but not including amounts contributed to the Dependent Care Assistance Account after the end of the Plan Year. Forfeiture of Accounts The amount credited to a Participant's Dependent Care Assistance Account for any Plan Year shall be used only to reimburse the Participant for dependent care expenses incurred during such Plan Year. The Participant must apply for reimbursement before the 90th day following the close of such Plan Year (or before the 90th day following the termination of the Employee's participation in the Plan). If any balance remains in the Participant's Dependent Care Assistance Account for a Plan Year after all reimbursements are made, such balance shall not be carried over to reimburse the Participant for dependent care expenses incurred during a subsequent Plan Year, but shall be forfeited. Dependent Care Expenses The Company shall reimburse each Participant for those dependent care expenses that are permitted under Section 129 and related sections of the Code. 17