Whereas, the Christian and Missionary Alliance has established the Christian and Missionary Alliance Cafeteria Plan ("Plan") for the provision of certain employee benefits on a tax-favored basis; and
Whereas, the Benefit Board of the Christian and Missionary Alliance wishes to enable any employer participating in the Christian and Missionary Alliance high deductible health plan to establish a cafeteria plan by execution of this Adoption Agreement by such employer (the “Adopting Employer”), subject to acceptance by the Plan Administrator
Whereas, the terms in this Adoption Agreement with initial capital letters have the same meaning as set forth in the Plan document; and
Whereas, the Plan is intended to be a church plan described in section 414(e) of Internal Revenue Code (“Code”) and a cafeteria plan within the meaning of Code section 125.
Now therefore, be it resolved that the Adopting Employer hereby adopts the Plan to provide the benefits for certain Eligible Employees as specified in this Adoption Agreement. The Adopting Employer agrees to be subject to the provisions of the Plan as set forth in the Plan document as may be amended from time to time, and as supplemented by the terms of this Adoption Agreement as follows: