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The Globe will provide a health care reimbursement account plan consistent with the Internal Revenue Code of 1986, as amended. All full time employee will be eligible to participate in the plan up to a maximum contribution level of $5000 per year. All part time employees with 10 or more years of service with at least 1000 hours of service in the prior year will be eligible to participate in the plan up to maximum contribution of $3500 per year. Part time employees with 5 or more years of service with at least 1000 hours in the prior year, will be eligible to participate in this plan up to maximum contribution level of $2500 per year. Once eligible for the plan, a part time employee will remain eligible to participate in subsequent years provided he/she has no break in service.
September 14, 2006