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which is acceptable under rules and regulations adopted by the Department of the Treasury. Benefit election changes are consistent with status changes for accident or health coverage only if (1) the change in status results in the Participant, Participant's spouse or dependent gaining or losing eligibility for accident or health coverage provided or offered through this Plan or an accident or health plan of the spouse's or dependent's employer; and (2) the election change corresponds with that gain or loss of coverage. A change in status shall result in gain or loss of coverage under the Plan only if the individual becomes eligible or ineligible to participate in the Plan, including any benefit package option available under the Plan. However, if an individual gains eligibility for coverage under the Plan of the individual's spouse or dependent, the consistency requirement is only satisfied if the individual actually elects coverage under that plan. Regardless of the consistency requirement, if the individual, the individual's spouse, or dependent becomes eligible for continuation coverage under the Employer's group health plan as provided in Code Section 4980B or any similar state law, the individual may elect to increase payments under this Plan in order to pay for the continuation coverage. Any new election shall be effective at such time as the Administrator shall prescribe, but not earlier than the first pay period beginning after the election form is completed and returned to the Administrator. For the purposes of this subsection, a change in status shall only include the following events or other events permitted by Treasury regulations: (1) Legal Marital Status: events that change a Participant's legal marital status, including marriage, divorce, death of a spouse, legal separation or annulment; (2) Number of Dependents: Events that change a Participant's number of dependents, including birth, adoption, placement for adoption, or death of a dependent; (3) Employment Status: termination or commencement of employment by the Participant, spouse, or dependent; (4) Work Schedule: A reduction or increase in hours of employment by the Participant, spouse or dependent, including a switch between part-time and full-time, a strike or lockout, or commencement or return from an unpaid leave of absence; (5) Dependent satisfies or ceases to satisfy the requirements for unmarried dependents: An event that causes the Participant's dependent to satisfy or cease to satisfy the requirements for coverage due to attainment of age, student status, or any similar circumstance as provided in the accident or health plan under which the employee receives coverage; and (6) Residency or Worksite: A change in the place of -residence or work of the Participant, spouse or dependent 12