28 SECTION 125 PLAN General If elected in an A doptio n A greement, the Welfare P rograms shall include a Section 125 Plan , which shall permit Employees to choose between cash (or other taxable benefits) and the Health Benefit P r ograms on a non - taxable basis, subject to the requirements of Code § 125 and the regulations thereunder. Eligibility Notwithstanding anything to the contrary contained in any document governing the Section 125 Plan , participation in the Section 125 Plan shall be restricted to E mploy ees, which may include former Employees if permitted in the g overning d ocuments. Irrevocable Elections An Employee’s election under the Section 125 Plan shall be effective for the Plan year, and shall be irrevocable, except to the extent permitted unde r the Governing D ocuments and Treasury Regulation § 1.125 - 4. Additional Required Terms Additional terms required under Code § 125 shall be set forth in the g overning d ocuments for the Section 125 P lan .