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Common use of Section l Clause in Contracts

Section l. Members are allowed to provide additional “bonuses” to interns over the course of the year as they see appropriate. In order to maintain consistency between sites, any bonus amounts that exceed $500 will need prior approval by the President/CEO to ensure that the bonus enhances the interns’ training and the total annual bonus amount is less than 10% of the interns’ annual salary. These bonuses do not include any other benefits already mentioned within this document. This also does not include intern reimbursement. Payment of bonuses shall also be paid in compliance with the FLSA and any applicable state law or local ordinance.

Appears in 5 contracts

Samples: Membership Participation Agreement, Membership Participation Agreement, Membership Participation Agreement

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