Common use of Stipend Reimbursement Clause in Contracts

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 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 certificationand completed Reimbursement Checklist, (Attachment A-1A-4) that such Intern has performed the required duties of the Internship for such Measurement Period; the Reimbursement FormSpreadsheet (incorporated herein as Attachment 5 for reference), 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): , Interns(s) identified in the attached Stipend Application Checklist (Attachment A-3) 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 Host Organization shall provide a stipend in the form of an hourly wage of up to $12.00 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 Subject to the limitations set forth below. MassTech , MLSC shall reimburse the Internship Company Host Organization on the basis of hours worked for each such Stipend (the “Reimbursement”); provided, however, that in no event shall MassTech MLSC be required to reimburse Internship Company Host Organization for any amounts in excess of four two thousand eight hundred eighty dollars ($4,800.002,880.00) in the aggregate for each InternIntern nor for any wages in excess of $12.00 per hour. Such Reimbursement may include the cost of any employer portion of the payroll tax paid provided on behalf of the Intern by the Internship CompanyHost Organization and of applicable payroll processing fees. b) With respect to the one or more Interns identified in Section 3.c 4.c) below and upon completion of the Measurement Period (as defined below), . Internship Company Host Organization shall provide MassTech MLSC with a signed certification, (Attachment A-1) certification that such Intern has performed the required duties of the Internship for such Measurement Period; the Reimbursement Form, which details the summary of hours worked, and amount requested for reimbursement, match amount, signed by such Intern and the Internship Company; Host Organization (using template provided by MLSC), and proof of payment of the Stipend to InternIntern (together, the “Reimbursement Certification”). Promptly upon MassTechMLSC’s receipt of such documentationproperly documented Reimbursement Certification, and in no event longer than fortytwenty-five (4525) business days after such receiptdays, MassTech MLSC shall reimburse Internship Company Host Organization for such portion of the Stipend applicable to such period. Provided, however, that Internship Host Organization shall timely notify MLSC of any change of address or risk delay of an additional 25 days in receipt of reimbursement. Reimbursement documentation must Certification can be submitted to MassTech MLSC as soon as the final reimbursable paycheck is issued, but no more later than thirty (30) days following the conclusion of the Internship. INSERT Name(s) of Intern(s)December 31, 2019. c) With respect to the following Intern(s): [INSERT NAME(S) OF 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. d) Other than the Reimbursement, the Internship Host Organization shall not be eligible or entitled to any other benefit, award, or compensation from MLSC by virtue of this Agreement.

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 Subject to the limitations set forth below. MassTech , MLSC shall reimburse the Internship Company on the basis of hours worked for each such Stipend (the “Reimbursement”); provided, however, that in no event shall MassTech MLSC be required to reimburse Internship Company for any amounts in excess of four eight thousand eight one hundred sixty dollars ($4,800.008,160.00) in the aggregate for each InternIntern nor for any wages in excess of $17.00 per hour. Such Reimbursement Internship Company may include only request reimbursement for hours at up to the cost regular hourly rate paid or the maximum pay rate of any employer portion of $17.00 per hour, whichever is less. All hours paid at a rate over $17.00 per hour will automatically be calculated for reimbursement at the payroll tax 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 on behalf of to the Intern by intern(s) for “holiday” or “vacation” hours are not reimbursable, however, “Jury Duty” and “sick” hours, if paid, may be included in the Internship CompanyReimbursement. b) With respect to the one or more Interns identified in Section 3.c 4.c) below and upon completion of the Measurement Period (as defined below), Internship Company shall provide MassTech MLSC with a signed certification, (Attachment A-1) certification that such Intern has performed the required duties of the Internship for such Measurement Period; the Reimbursement Form, which details the summary of hours worked, and amount requested for reimbursement, match amount, signed by such Intern and the Internship Company; Company (using template provided by MLSC upon program registration approval), and proof of payment of the Stipend to InternIntern (together, the “Reimbursement Certification”). Promptly upon MassTechMLSC’s receipt of such documentationproperly documented Reimbursement Certification, and in no event longer than fortytwenty-five (4525) business days after such receiptdays, MassTech 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 documentation must Certification can be submitted to MassTech MLSC as soon as the final reimbursable paycheck is issued, but no more later than thirty (June 30) days following the conclusion of the Internship. INSERT Name(s) of Intern(s), 2021. c) With respect to the following Intern(s): [INSERT NAME(S) OF 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.on