Common use of BEA OFFICER STIPENDS Clause in Contracts

BEA OFFICER STIPENDS. A. Upon written request by the BEA to the Board Treasurer, BEA Officer(s) will be paid an annual stipend by the Board in the amounts provided by the BEA. The written request will include the name of the Officer(s), and the gross dollar amount of the stipend. B. The Board will deduct/withhold all applicable Federal, State, and City/Local income taxes from said stipends. C. The total cost of the STRS contribution for said amount will be deducted from the stipend amount. D. The BEA will reimburse the Board the entire gross amount for the stipends of all BEA Officer(s), including the Board’s share of the payments to STRS and Medicare no later than May 1 of the affected school year. A single payment will be made by check from the BEA Treasurer to the Board Treasurer within a reasonable period of time upon having received a detailed accounting of the two (2) BEA Officer(s) stipend disbursements.

BEA OFFICER STIPENDS. ‌ A. Upon written request by the BEA to the Board Treasurer, BEA Officer(s) will be paid an annual stipend by the Board in the amounts provided by the BEA. The written request will include the name of the Officer(s), and the gross dollar amount of the stipend. B. The Board will deduct/withhold all applicable Federal, State, and City/Local income taxes from said stipends. C. The total cost of the STRS contribution for said amount will be deducted from the stipend amount. D. The BEA will reimburse the Board the entire gross amount for the stipends of all BEA Officer(s), including the Board’s share of the payments to STRS and Medicare no later than May 1 of the affected school year. A single payment will be made by check from the BEA Treasurer to the Board Treasurer within a reasonable period of time upon having received a detailed accounting of the two (2) BEA Officer(s) stipend disbursements.