Stipend Reimbursement Sample Clauses
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Stipend Reimbursement a) Internship Company shall provide a stipend to each Intern (the “Stipend”). As a condition of this Agreement, Internship Company is required to provide at least a 1:1 match of the funds requested from MassTech. Therefore, Internship Company can request up to 50% of the wages paid for each Intern subject to the limitations set forth below. MassTech shall reimburse Internship Company on the basis of hours worked for each such Stipend (the “Reimbursement”); provided, however, that in no event shall MassTech be required to reimburse Internship Company for any amounts in excess of four thousand eight hundred dollars ($4,800.00) in the aggregate for each Intern. Such Reimbursement may include the cost of any employer portion of the payroll tax paid on behalf of the Intern by the Internship Company.
b) With respect to the one or more Interns identified in Section 3.c below and upon completion of the Measurement Period (as defined below), Internship Company shall provide MassTech with a signed certification, (Attachment A-1) that such Intern has performed the required duties of the Internship for such Measurement Period; the Reimbursement Form, which details the hours worked, amount requested for reimbursement, match amount, signed by such Intern and Internship Company; and proof of payment of the Stipend to Intern. Promptly upon MassTech’s receipt of such documentation, and in no event longer than forty-five (45) business days after such receipt, MassTech shall reimburse Internship Company for such portion of the Stipend applicable to such period. Reimbursement documentation must be submitted to MassTech no more than thirty (30) days following the conclusion of the Internship. INSERT Name(s) of Intern(s)
c) With respect to the following Intern(s): , the “Measurement Period” shall mean and refer to the period commencing on (i) the earliest start date of any Intern and ending on (ii) the latest end date of the last Intern’s Internship. In the case of multiple interns, this means that the Measurement Period ends on the day that the last Intern completes his/her Internship.
Stipend Reimbursement a) Internship Company shall provide a stipend to Intern (the “Stipend”). Subject to the limitations set forth below, MLSC shall reimburse the Internship Company on the basis of hours worked for no more than one
(1) Intern (the “Reimbursement”). MLSC will reimburse for pay rates of up to $20 per hour for interns that are pursuing or have completed their Bachelor’s degree, or have comparable data science qualifications, for a total reimbursement of no more than $20,800. If such Intern has completed their Master’s degree or is enrolled in a Ph.D. program, reimbursement can be requested for pay rates of up to $25 per hour for a total reimbursement of no more than $26,000. If such Intern has completed their Ph.D., reimbursement can be requested for pay rates of up to $40 per hour for a total reimbursement of no more than $41,600. Internship Company may only request reimbursement for hours at up to the regular hourly rate paid or the maximum pay allowed pay rate, whichever is less. All hours paid at a rate over the maximum allowed hourly pay rate will automatically be calculated for reimbursement at the maximum rate. Any overtime hours will be calculated for reimbursement at the regular – not overtime – rate, provided that the regular rate is not over the maximum. Any amounts paid to the intern for “holiday” or “vacation” hours are not reimbursable, however, “Jury Duty” and “sick” hours, if paid as required by law, may be included in the Reimbursement.
b) With respect to the Intern identified in Section 4.c) below and upon completion of the Measurement Period (as defined below), Internship Company shall provide MLSC with a signed certification that such Intern has performed the required duties of the Internship for such Measurement Period, summary of hours worked, and amount requested for reimbursement, signed by the Internship Company (using template provided by MLSC upon program registration approval), and proof of payment of the Stipend to Intern (together, the “Reimbursement Certification”). Promptly upon MLSC’s receipt of properly documented Reimbursement Certification, and in no event longer than twenty-five (25) business days, MLSC shall reimburse Internship Company for such portion of the Stipend applicable to such period. Provided, however, that Internship Company shall timely notify MLSC of any change of address or risk delay of an additional 25 days in receipt of reimbursement. Reimbursement Certification can be submitted to MLSC as soon as the final ...
Stipend Reimbursement. 10.9.3.1 Part-time faculty members wishing to receive a stipend under this article must complete the Appendix N Part-Time Faculty Medical Reimbursement Request form. The employee must furnish documentation (cancelled check, paid statements, etc.) showing proof of purchasing insurance or medical/dental/vision procedures that were not covered by insurance during the semester for which the part-time faculty member (or their dependent(s)) is seeking reimbursement. These claims were not eligible for reimbursement from any other source.