The School Board shall provide a Cafeteria Plan insurance benefit for all full-time employees. The School Board reserves the right to name the administrator of the Cafeteria Plan.

I. The School Board reserves the right to discontinue the provision of a Cafeteria Plan if Internal Revenue Code changes disallow Cafeteria Plans or substantially change the provisions of the Cafeteria Plan. Any such change, however, shall mean that the School Board shall provide an alternative benefit with an equivalent contribution.

II. The School Board shall be held harmless by any negative Internal Revenue Service ruling regarding the tax exempt status of the Cafeteria Plan.

III. The amount of total benefit shall be established annually by approval of the Board.