Common use of Annual Allocations Clause in Contracts

Annual Allocations. The amount of money available annually for course reimbursements will be $120,000. Fifty percent (50%) of this amount shall be allocated to courses taken during the Summer, seventy-five percent (75%) shall be allocated to courses taken during the Summer and Fall semester, and one-hundred percent (100%) shall be allocated to courses taken during the Summer and the Fall semester and the Spring semester. June 15-August 31 = Summer Courses (50%) September 1-December 31 = Fall Courses (25%) January 1-June 15 = Spring Courses (25%)

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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