Educational Incentive Pay (EIP). The parties agree that the EIP will be paid to an employee on an annual basis once he/she has attained the required number of credits hours towards a degree in Library Science. There shall be no requirement that the member continue to pursue additional credit hours. EIP payments shall be cumulative and will be paid in accordance with the following schedule:
Educational Incentive Pay (EIP) a. The parties agree that the Educational Incentive Pay will be paid on an annual basis once the level of library science credit hours has been reached. There shall be no requirement that the member continue to pursue additional credit hours. The EIP shall be paid in accordance with the following schedule, and is to be cumulative for all employees. 12 Credit Hours $250.00 24 Credit Hours $250.00 36 Credit Hours $250.00 48 Credit Hours $250.00 60 Credit Hours $250.00 72 Credit Hours $250.00 84 Credit Hours $250.00
