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Human Resources
University of Mississippi

Outside Employment Form Frequently Asked Questions

Printable Version Outside Employment Form FAQs pdf

All full-time university employees need to submit an Outside Employment form if they perform services for an entity other than the University of Mississippi.
Yes. You need to submit an Outside Employment form if you have any role in a company, business, or venture outside of the university, even if you have not started receiving any pay.
Annually. All full-time employees need to submit an Outside Employment form each fiscal year that they receive pay or compensation from an entity other than the University of Mississippi, receive stock or stock options from serving on the board of a company, and/or participating (including serving on a board) in a company, business, or venture, even if they do not receive pay.

Employees also need to re-submit an Outside Employment form any time that their employment status changes if they will still receive externally provided compensation or pay during the remainder of the year.
No, unless you are a paid volunteer. If you receive compensation, you should submit an Outside Employment form.
No. If you are paid or receive compensation in any amount, you should submit an Outside Employment form.
No. You do not need to submit an Outside Employment form if an entity reimburses you for expenses.
Yes. This includes honoraria for lectures, presentations, review panel service, board service, etc. If you are paid an honorarium, you should submit an Outside Employment form.
No. Passive income (as opposed to earned income) as defined by the IRS tax code would not require completion of an Outside Employment form. Examples of passive income are dividends from investments, capital gains from real estate, retirement benefits, gifts, etc. These would not require an employee to submit an Outside Employment form.
No. You can file one Outside Employment form annually that covers all outside employment or honoraria that are received throughout the year. This should be done annually and any time that your employment status changes.
Yes. If you are paid royalties on a book, you should submit an Outside Employment form.
No. These types of payments or compensation would not require an Outside Employment form.
Yes. Stocks and/or stock options for serving on a board would be considered compensation and you should submit an Outside Employment form.
Yes. The university still considers you an employee during the summer months, and benefits generally continue during the summer as a result of this ongoing employment relationship
Yes. Renting property that you own is not necessarily considered passive income, and could be considered a business venture. Therefore, you should complete an Outside Employment form.
No. You do not need to submit an Outside Employment form for monies received from recreational gambling. If you are a professional gambler or pursue this as a line of work, you should submit an Outside Employment form.
No, because jury duty is reported on a timesheet. All faculty and staff can indicate their jury duty service on a timesheet, which is the same form used to report medical and sick leave.

 

 

Rev. 4.23.2024