Educational Allowance and/or Educational Incentive Clause Samples

Educational Allowance and/or Educational Incentive. To avoid a two tier system, the present educational allowance will be superseded by an annual allowance to a one time payment unless you possess a bachelor’s degree or higher. Upon completion of a fire science certificate, which is equal to approximately 30 hours, a one time bonus would be paid of $500.00. Upon completion of a fire science associates degree, which is approximately 60 hours, a one time bonus would be paid of $1,000.00. Upon completion and achievement of Bachelor of Science Degree in Fire Science or an associated field, a $600.00 annual payment shall be paid to the employee for a period of 5 consecutive years so long as the employee is employed by the Township. It is agreed that any employee receiving an educational allowance would have to give back the allowance if they leave the employ of the Township within 12 months of receiving the same unless they were retiring. Naturally, if an employee is retiring and if his/her educational incentive is still active, it will be null and void at the time of retirement.