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| FLEXIBLE SPENDING ACCOUNTS |
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Other Information
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When Participation Ends
Your contributions to both FSAs will end with your last paycheck when
any of the following occurs:
- The plan is terminated,
- Your employment ends for any reason, including retirement, permanent
total disability or death,
- You are no longer receiving a paycheck (if you are on an unpaid
leave of absence, for example), or
- Your scheduled work hours decrease to below 20 hours per week.
Even if you are no longer contributing, you will still be able to file
claims for eligible expenses incurred during the portion of the calendar
year in which you made contributions, subject to plan restrictions.
If your employment with Valassis ends, you have an account balance
in your Health Care FSA, and you wish to continue contributing to the
Health Care FSA, you may be eligible to do so under the provisions of
the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
You will not, however, be able to contribute on a before-tax basis.
In addition, you will be required to pay an administrative fee to Valassis
for continuing your participation.
You may not continue to contribute to a Dependent Care FSA after your
employment with Valassis ends. For more information about COBRA, see
Continuing Coverage Through COBRA.
If You Die
If you die during the plan year, your estate or dependents may be reimbursed
from your unused account balance for eligible expenses you incurred,
up to your remaining account balance. Request for reimbursement of these
expenses may be made up to 120 days after the end of the plan year (April
30 of the following year).
If You Are on an Authorized Leave of Absence
If you are on an approved leave of absence and continue to receive
a paycheck, contributions will continue to be deducted and participation
will continue as though you were actively at work, unless you elect
to stop contributing while you are on leave Valassis Communications,
Inc. and NCH associates paid through ADP must contact their Human Resources
Representative. Valassis Direct Mail and Sales and Marketing associates
paid through PeopleSoft should notify the Associate Resource Center
at 1-877-238-6847 to stop your contributions. Any expenses incurred
while on paid leave can be submitted for reimbursement unless you elect
to stop your contributions.
If you are on an unpaid leave of absence or short-term disability (STD),
contributions to your FSAs will automatically be suspended. Any eligible
expenses incurred while on unpaid leave can be submitted for reimbursement.
When you return to work from an unpaid leave, your contribution amount
will be recalculated for the remainder of the year to make up for the
time you were not contributing to the plan. The entire annual unused
contribution amount will be available to you.
Under the Uniformed Services Employment and Reemployment Rights Act
of 1994 (USERRA), associates who are called to national active military
duty (voluntary or involuntary) are entitled to a leave of absence for
military service, with reinstatement rights. If you are contributing
to a Health Care FSA or Dependent Care FSA when you are called for active
duty, your contributions will continue as long as you are receiving
pay from Valassis unless you elect to stop contributing while you are
on leave. Valassis Communications, Inc. and NCH associates paid through
ADP must notify your Human Resources Representative to stop your contributions.
Valassis Direct Mail and Sales & Marketing associates paid through
PeopleSoft should contact the ARC at 1-877-238-6847. If your pay stops,
your contributions will automatically be suspended. You may, however,
continue to file claims incurred prior to the end of the calendar year
under the terms of the Health Care FSA and Dependent Care FSA unless
you elect to stop your contributions. When you return to work from an
unpaid leave, your contribution amount will be recalculated for the
remainder of the year to make up for the time you were not contributing
to the plan.
If You Become Divorced or Legally Separated
If you become divorced or legally separated, you must notify
your Human Resources Representative (Valassis Communications, Inc. and
NCH associates paid through ADP) or the Associate Resource Center (Valassis
Direct Mail and Sales & Marketing associates paid through PeopleSoft).
You will be required to provide a copy of your divorce decree.
Divorce is considered a qualified change in status, and you would be
able to stop contributions to a Dependent Care FSA and/or Health Care
FSA.
When You Reach Age 65
If you continue to work past age 65, your participation in one or both
FSAs will continue as long as you remain an active associate and satisfy
the requirements of the plans.
If You Retire
If you retire from Valassis, your contributions will end. You may, however,
submit claims for eligible expenses that you incurred prior to retirement,
up to your remaining account balance.
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Summary
Plan Description
The legal summary of this benefit will be included in the
2008 Benefits Handbook.
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