Common use of - NDEA EMPLOYEE HARDSHIP FUND Clause in Contracts

- NDEA EMPLOYEE HARDSHIP FUND. Once every year, the Board shall match the total contributions by unit members up to an amount not to exceed $2500.00. Such amount shall be paid over to the NDEA for an Employee Hardship Fund. The fund shall be administered by the NDEA and monies therein shall be used to subsidize unit members who have exhausted sick leave. The manner of subsidization may be by gift or loan as may be authorized by the NDEA. Although the fund shall be administered by the NDEA, the NDEA shall, upon request, account to the Board on such matters as the size of the fund and the names of the unit members who benefited from the fund including the amounts. The Board shall also be provided a current copy of the rules and regulations pertaining to the fund as may be developed from time to time by the NDEA.