Professional Expenses Sample Clauses
The 'Professional Expenses' clause defines which costs related to professional services—such as legal, accounting, or consulting fees—are covered under the agreement and who is responsible for paying them. Typically, this clause specifies whether each party bears its own expenses or if certain costs are reimbursed by the other party, and may outline procedures for approval or documentation of such expenses. Its core function is to allocate financial responsibility for professional fees, thereby preventing disputes and ensuring clarity regarding expense management during the course of the agreement.
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Professional Expenses. 1. Full-time Faculty Members Expenses incurred for every full-time faculty member shall be reimbursed as follows: 2016-2017 2017-2018 2018-2019 Faculty may use their 3-year professional expense allotment for approved expenditures at any time during the life of this contract. These funds provide support for faculty in their work:
a. where the expenditure is for the professional development (professional activities, conferences, publications, dues) of the faculty member, or
b. where the faculty member provides assurance that the expenditure is predominately for college or student benefit, not personal use or convenience. Home internet service will not be reimbursed. Some tangible items may be taxable. Taxable items will be reimbursed through payroll. Guidelines:
a. Equipment over $200 purchased in year of retirement requires prior approval. Every effort will be made to provide approval or denial within 10 business days.
b. New hires will be eligible for yearly allotment for each remaining year of the contract including year of hire.
c. It is the intent that these resources will not be used to duplicate equipment that is already provided by the College to the faculty member. Faculty members are encouraged to seek approval for the purchase of equipment. Every effort will be made to respond within 10 business days. The faculty member will be paid actual expenses incurred or an amount totaling the IRS rate per mile driven to and from his/her destination. Claims for such reimbursement shall be made within six (6) months from the time of expenditure. Reimbursement for meals or incidental expenses shall be at the GSA meal and incidental expense per diem rate consistent with GRCC policy. If the professional conference or meeting is on a scheduled work day, then the faculty member must be on an approved leave to receive reimbursement. At the end of the contract, if all funds in the department or academic area have not been expended, the balance will be retained in the Department or academic area to be used for professional expenses as defined in this article. These funds must be used in the year following the end of the contract.
2. Adjunct/Part-time Faculty Members (Professional Development Fund) The College will provide $12,000 annually for professional development for adjunct/part-time faculty. These funds are intended to provide support for adjunct/part-time faculty in their work for the College where the expenditure is for their professional development, includi...
Professional Expenses. Each calendar year during the Employment Term, the Company agrees to reimburse the Executive for up to $10,000 of reasonable professional expenses (i.e., accounting, financial planning, estate planning expenses) incurred by the Executive during such year for personal advice rendered to the Executive.
Professional Expenses. ▇▇. ▇▇▇▇▇▇ will be reimbursed in accordance with the Company’s policy and procedure for the reasonable costs of properly documented professional and business related travel expenses required in the course of his employment. The Company will also pay for appropriate professional dues and memberships, which must be approved in advance by the Board.
Professional Expenses. 6.1 Any reasonable and necessary professional expenses incurred by you for travel and lodging or any other expenses incurred in furtherance of the Company business, will be reimbursed to you in accordance with the standard policies of the Company, in effect from time to time, upon presentation of documentary evidence acceptable to the Company.
Professional Expenses. Until the Executive’s employment is terminated as provided herein, the Company agrees to reimburse the Executive for up to Seven Thousand Five Hundred Dollars ($7,500) each calendar year for reasonable professional expenses including professional designation annual dues, professional development course, etc. incurred by the Executive during such calendar year.
Professional Expenses. The New PC shall be solely responsible for the cost of professional licensure fees and board certification fees, membership in professional associations and continuing professional education incurred by each Orthodontist and other Practice Provider employed by the New PC. The New PC shall ensure that ▇▇. ▇▇▇▇▇▇▇ and all the Orthodontists employed by the New PC participate in such continuing education as is necessary for ▇▇. ▇▇▇▇▇▇▇ and such the Orthodontists to remain current.
Professional Expenses. Group shall pay all professional dues and license fees, continuing education costs and similar costs incurred by Group's employees. Group shall pay the cost of all professional liability insurance maintained pursuant to paragraph 5.f.
Professional Expenses. Payments expended each fiscal year by the Orthodontic Entity on behalf of the Orthodontist and other orthodontists or dentists delivering patient care at the Center(s) for continuing education, seminars, professional license fees and dues, professional memberships, expenses related to a company automobile for the Orthodontist, and all other expenses of the Orthodontist and other orthodontists and dentists delivering patient care at the Center(s) that do not directly benefit the Orthodontic Entity (as reasonably determined by Premier), up to the amount of three percent (3%) of the Orthodontic Entity's Adjusted Gross Revenue, shall be considered a Center Expense. To the extent that such expenses exceed three percent (3%) of the Orthodontic Entity's Adjusted Gross Revenue for such year, the Center Expenses shall be reduced by such excess amount solely for the purpose of calculating the Consulting Fee; provided, however, that the Orthodontic Entity shall pay such excess expenses. Notwithstanding the foregoing, the Orthodontic Entity shall be solely responsible for the cost of professional licensure fees and board certification fees, membership in professional associations and continuing professional education incurred by the Orthodontist. The Orthodontic Entity shall ensure that the Orthodontist participates in such continuing education as is necessary for such Orthodontist to remain current.
Professional Expenses. ▇▇▇▇▇▇▇ will reimburse the Executive for up to Five Thousand Dollars ($5,000.00) annually for expenses incurred by the Executive in connection with the Executive’s tax preparation and financial planning. ▇▇▇▇▇▇▇ may modify, reduce or eliminate such allowance in accordance with any uniform modification affecting similarly situated executives of ▇▇▇▇▇▇▇ who receive such allowance.
Professional Expenses. 22.12.1 The Employer agrees to make available an accountable professional expense account of $2,125 per annum effective July 1, 2014 and $2,200 per annum effective July 1, 2015. The account shall be used to help defray expenses associated with their teaching, research, and related professional activities; in the case of Department Heads or Assistant Deans who have additional money in the professional expense account pursuant to Article 18.8.2, the account may also be used to cover legitimate expenses connected with departmental or College activities. The account may also be used to obtain financial counseling for retirement.
22.12.2 The Employer shall provide $225,000 annually for reimbursement of professional fees to employees who are required as a condition of employment to have a certification or license in order to perform their duties. The terms for allocation and guidelines for reimbursement of certifications and/or licensing fees will be determined and agreed to through the Joint Committee for the Management of the Agreement. Employees in the College of Medicine, who are practicing physicians, are not eligible for this benefit.
22.12.3 Each employee may claim against the employee's professional expense account while employed at the University. Any amount remaining in the account at the end of each year shall be carried forward into that employee's account for the following year, as long as the individual remains an employee of the University. Effective July 1, 2015, yearly allocations to an accountable professional expense account will be reduced so as to not exceed a maximum total accumulation of six times the amount stipulated in Article 22.12.1. Current accumulations beyond the maximum will not be reduced.
22.12.4 The Employer shall provide the Association by September 30 of each year with a report of total number of claims and total cost of professional expenses.