Educational Stipend. Any employee who holds an Associate’s Degree will receive a $300 annual stipend, any employee who holds a Bachelor’s Degree will receive a $500 stipend, and any employee who holds a Master’s Degree will receive a $700 stipend. The stipends will be paid in 24 equal installments with the employee’s regular wages. To be eligible for this stipend, the employee must provide the Human Resources Department with an official copy of the transcript supporting the conferring of the Associate’s, Bachelor’s or Master’s Degree. Payments will begin effective with the next full pay period following the employee’s submission of the proper documentation.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement