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Flex Account Ends When Employment Ends. When employment is terminated, regardless of the circumstances, you can no longer participate in the company's flexible-spending program, and money in the account cannot transfer to another employer.pending More Than You Contribute. With most flexible spending accounts, funds are available on the first day of the plan year. If you spend the entire balance and leave the company before contributing the total amount agreed, you aren't required to pay back the funds.
A: Since nonexempt employees only have to be paid for time actually worked, employers have greater flexibility in providing them with unpaid time off for absences of less than a day. Accordingly, you have the discretion to have a policy that allows nonexempt employees to take unpaid time off.With exempt employees, however, the issue is a little trickier. You can allow them to take the time off, but if an exempt employee does not have any paid time off available, you should not dock his pay.ith exempt employees, however, the issue is a little trickier. You can allow them to take the time off, but if an exempt employee does not have any paid time off available, you should not dock his pay.