Common use of EDUCATION ASSISTANCE PLAN Clause in Contracts

EDUCATION ASSISTANCE PLAN. 23.01 The Company will provide financial assistance to an employee who partakes in a further education plan provided that plan is related to the type of work performed or to be performed by him at IMT, and that the plan will provide a benefit to both the employee and the Company. The plan requires approval prior to registration and application for approval will be made on a form provided by the Company. Financial assistance will be limited to the reimbursement of tuition fees. The receipt for tuition, as well as the certification upon successful completion of the program, must be presented to the Human Resources Manager for reimbursement. Costs associated with books, materials, time or travelling expenses are not refundable under this plan.