Flexible Spending Account. Your employer may offer dependent care benefits by allowing you to use pre-tax dollars to pay for your child care expenses. This arrangement is a flexible spending account that is funded pre-tax contributions, deducted from your pay. For 2013, the maximum tax-free amount is $5,000.
golden parachute. A clause in an executive's employment contract specifying that he/she will receive large benefits in the event that the company is acquired and the executive's employment is terminated.
Samuel Goldwyn famously quipped: âA verbal contract isnât worth the paper itâs written on.â Well sometimes PBM/client contracts arenât worth the paper they are written on. And thatâs no joke. We can show this by looking at contract definitions of two terms â brand drug and generic drug.