Credit Towards Stipend Clause Samples
The "Credit Towards Stipend" clause defines how certain payments or credits are applied to reduce or offset a stipend owed under an agreement. In practice, this clause specifies which types of payments—such as advances, reimbursements, or other financial credits—can be counted against the total stipend amount due to a party. For example, if a party receives an advance payment, that amount may be deducted from future stipend payments. The core function of this clause is to prevent double payment and ensure that all financial credits are properly accounted for, thereby maintaining fairness and clarity in the financial arrangements between the parties.
Credit Towards Stipend. 9.4.1 A maximum of sixty (60) points may be applied toward Professional Growth stipends. Quarter-unit credits will be converted to semester units prior to awarding points for the Professional Growth Program.
9.4.2 Credit toward the stipend may be earned at a community college, university, trade school, adult education class, workshop, or training program.
9.4.2.1 For completed coursework taken at a four (4)-year university and/or a community college, credit will be granted at the rate of one (1) point per semester unit (one quarter unit = 2/3 of a semester unit).
9.4.2.2 For an approved trade school and/or adult education class, credit will be granted at the rate of one-half (1/2) point per semester unit (one quarter unit = 2/3 of a semester unit) of verified attendance.
9.4.2.3 For workshops and training programs approved by the District, credit will be granted at the rate of one-half (1/2) point for each sixteen (16) hours of verified attendance.
9.4.3 To receive point credit, a letter grade of “C” or better, or a “pass” grade must be achieved.
9.4.4 The Professional Growth Program will consist of four (4) stages: Stage 1: Fifteen (15) completed points. Stage 2: An additional fifteen (15) completed points. Stage 3: An additional fifteen (15) completed points. Stage 4: An additional fifteen (15) completed points. Approved coursework in progress at the end of one stage may be carried over to another stage.
Credit Towards Stipend. 11.4.1 Quarter units will be converted to semester units prior to awarding credits.
11.4.2 Credit toward the stipend may be earned at a college, trade school, adult education class, workshop or training program.
11.4.3 One credit shall be granted for each semester unit completed at a four year university and or a community college.
11.4.4 One credit shall be granted for each semester unit completed at an approved trade school and/or adult education class.
11.4.5 One credit shall be granted for each 15 hours of verified attendance at workshop and training programs approved by the District unless otherwise required to maintain position.
11.4.6 One credit shall be granted for completion of a Red Cross first aid course not paid by District.