Common use of Annual Claims Clause in Contracts

Annual Claims. 32.2.4.1 Members may submit a claim for reimbursement of professional expenses once in any fiscal year (April 1 to March 31) no later than February 28. Original receipts for eligible expenses must be submitted in support of the claim. 32.2.4.2 If a Member's expenses exceed the maximum reimbursement provided for in clause 32.2.7.1 (the “maximum”), the portion of such excess that was not reimbursed may be claimed in the subsequent fiscal year(s), provided that the total claim in any subsequent year does not exceed the maximum. 32.2.4.3 Any portion of a Member's maximum that is not claimed in a fiscal year shall be carried forward into a subsequent fiscal year. A maximum of three (3) years' amounts (i.e. two years plus the current year) may be accumulated in this manner. 32.2.4.4 Any unused amount in a Member's maximum at the time of the Member's retirement or termination as an employee of the University shall revert to the University's general operating budget. 32.2.4.5 No portion of a Member’s funding for professional development may be paid to the Member as salary. 32.2.4.6 The parties agree to abide by any ruling of the Canada Revenue Agency (CRA) made with respect to the provisions of this article.