Common use of Credit Reimbursement Clause in Contracts

Credit Reimbursement. Employees may request reimbursement at the rate of one hundred fifty ($150.00) dollars per semester hour of employer-approved graduate credit successfully completed by the standards of a credit-granting college or university. Reimbursement at the rate of one hundred fifty ($150.00) dollars per semester hour will be granted for employer-approved graduate level credits successfully completed beyond the BA+20 schedule, not to exceed six (6) semester hours or $900 per employee per fiscal year. The graduate credit must be in the employee’s major or minor field or in a program for an advanced degree, or other subject areas as approved by the employer. The graduate credit can only be taken from an institution approved by the Employer, and earned while an employee of the Employer. Summer credit reimbursement shall be contingent upon continued employment in the fall. The employee must receive a mark of not less than a “B” or its equivalent.