Common use of Education Incentive Clause in Contracts

Education Incentive. The EMPLOYEE shall be permitted to receive compensation, based on his/her future completion of approved college-level courses. Approved college-level courses shall be defined as follows: 1) Courses that are “job-specific” or a required part of a job-specific degree program (evidence of matriculation will be required). 2) The approval of credit for any specific course or courses will be granted by the SUPERVISOR. The request for approval must be made in writing in advance of course registration. Any approval request will not be considered authorized until said request has been endorsed by the SUPERVISOR. The original of the endorsed approval request will be placed in the EMPLOYEE’S personnel folder. 3) Compensation for completed courses will only be granted for courses where grades are earned in the range of A or B. 4) Credit compensation shall be as follows: a) Undergraduate courses: A one-time payment of 10% of the cost of course. b) Graduate courses: A one-time payment of 20% of the cost of course.