COMPENSATION FOR MEMBER INSTITUTIONS SERVING Sample Clauses

COMPENSATION FOR MEMBER INSTITUTIONS SERVING. AS OFFICERS AND /OR FISCAL AND ADMINISTRATIVE HOST(S) Financial compensation will be offered to the Member Institutions serving as Chair, Vice-Chair, and Treasurer and/or to Institutions providing resources or services, on a case-by-case basis as follows: - Financial compensation may be granted for the institutions serving these three roles, at the discretion of the Steering Committee. Such compensation may be in the form of a membership fee waiver or direct financial compensation (e.g. travel stipend). The form and the amount of any compensation shall be defined or confirmed each year by the Steering Committee as part of the Annual Budget decision for the following year. - Financial compensation is granted for the institutions serving as Administrative and / or Financial Host. The form and the amount of the compensation shall be defined in the Memorandum of Understanding (MoU) signed between the hosts and the Consortium. The details of the MoU shall be agreed by the Member Institution and the Executive Board. The details are set out in Appendix 3. - Travel costs for the Consortium Staff to Consortium meetings will be paid by the Consortium. This covers the General Assembly meeting, Steering Committee meetings, and other important meetings approved by the Executive Board.
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