AgdaPkt 2003-03-24 - Laserfiche WebLink

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7.5 No Guarantee of Tax Consequences Neither the Administrator, nor the City, makes any commitment or guarantee that any amounts paid to or for the benefit of a Participant under the Plan will be excludable from the Participant's gross income for federal or state tax, nor that any other favorable tax treatment will apply to or be available to any Participant with respect to such amount. It shall be the obligation of each Participant to determine whether a payment under this section is excludable from the Participant's gross income for federal and state tax purposes, and to notify the Administrator if the Participant has reason to believe that any such payment is not to be excludable. 7.6 Indemnification of the City by Participants If any Participant receives one or more reimbursements under the Plan that are not for eligible expenses under the Dependent Care Assistance Plan or the Medical Expenses Reimbursement Plan, such Participant shall indemnify and reimburse the City for any liability it may incur for failure to withhold federal or state income tax or social security tax from such reimbursements. However, such indemnification and reimbursement shall not exceed the amount of additional federal and state income tax the Participant would have owed if the reimbursements had been made to the Participant as regular cash compensation, plus the Participant's share of the social security tax that would have been paid on such compensation, less any additional income and social security tax actually paid by the Participant. 7.7 Continuation of Health Care Requirements Pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, Participants may continue to participate in certain benefit plans, including the Medical Expense Reimbursement Plan, when their participation may otherwise cease under the terms of the Plan. The Summary Plan Description provided for the benefits hereunder contains the conditions and requirements to be met pursuant to federal law to obtain continued coverage. 7.8 Official Document This document, together with all attachments and appendices, constitutes the entire Plan. It is the official Plan Document which sets forth in particularity the terms and conditions of the Plan. Any discrepancy between the terms, conditions or language contained in this Plan document and the terms, conditions or language of other documents will be resolved in accordance with this Plan Document. If there are differences in interpretation between this Plan Document and other documents, the interpretation of this Plan Document shall prevail.