Common use of Pay Back Obligation Clause in Contracts

Pay Back Obligation. Effective January 1, 2003, in the event a member separates his or her service with the City within one year of receiving tuition reimbursement, the member shall pay back 100% of the reimbursement received in the prior twelve months for a Degree Program or continuing course of study. If such separation occurs within the second year after tuition reimbursement is received, the member shall pay back 50% of the reimbursement received in the prior twelve months for a Degree Program or continuing course of study. No such payback shall be required where a member is separated from service due to a layoff or receipt of a disability retirement. Any pay back obligation must be satisfied within one (1) year of the member's separation date.

Pay Back Obligation. Effective January 1, 2003, in the event a member separates his or her their service with the City within one year of receiving tuition reimbursement, the member shall pay back 100% of the reimbursement received in the prior twelve months for a Degree Program or continuing course of study. If such separation occurs within the second year after tuition reimbursement is received, the member shall pay back 50% of the reimbursement received in the prior twelve months for a Degree Program or continuing course of study. No such payback shall be required where a member is separated from service due to a layoff or receipt of a disability retirement. Any pay back obligation must be satisfied within one (1) year of the member's separation date.