Common use of Educational Reimbursement Fund Clause in Contracts

Educational Reimbursement Fund. A. An Educational Reimbursement Fund will be available yearly for classified employees. This fund will have in it $10,000. Classified employees involved in furthering their education may apply to this fund for reimbursement for college courses and/or certification/training programs following evidence of successful completion of the course/program and proof of employee payment. Reimbursement will be established based on the following ratio: • One credit courses or approximately 15 hours certification/training program will be reimbursed at a maximum of $110 or the amount not to exceed the cost paid by the employee. • Two credit hour courses or approximately 30 hours certification/training program will be reimbursed at a maximum of $220 or the amount not to exceed the cost paid by the employee. • Three credit hour courses or certification/training program of approximately 45 or more hours will be reimbursed at a maximum of $330 per course or the amount not to exceed the cost paid by the employee. • Four credit, or more, hour courses or certification/training program of approximately 60 or more hours will be reimbursed at a maximum of $440 per course or the amount not to exceed the cost paid by the employee.

Educational Reimbursement Fund. A. An Educational Reimbursement Fund will be available yearly for classified employees. This fund will have in it $10,000. Classified employees involved in furthering their education may apply to this fund for reimbursement for college courses and/or certification/training programs following evidence of successful completion of the course/program and proof of employee payment. Reimbursement will be established based on the following ratio: •  One credit courses or approximately 15 hours certification/training program will be reimbursed at a maximum of $110 or the amount not to exceed the cost paid by the employee. •  Two credit hour courses or approximately 30 hours certification/training program will be reimbursed at a maximum of $220 or the amount not to exceed the cost paid by the employee. •  Three credit hour courses or certification/training program of approximately 45 or more hours will be reimbursed at a maximum of $330 per course or the amount not to exceed the cost paid by the employee. •  Four credit, or more, hour courses or certification/training program of approximately 60 or more hours will be reimbursed at a maximum of $440 per course or the amount not to exceed the cost paid by the employee.