Common use of Payment Limits Clause in Contracts

Payment Limits. The amount payable to any teacher shall be the cost of up to a total of seven (7) semester hours per school year (July-June) not to exceed $4,000. On June 30 of each school year, all requests for tuition reimbursement shall be brought together. If the reimbursements requested exceed the fund total, each member shall be reimbursed according to the percentage calculated by dividing the total in the fund by the total cost of all semester hours requested for reimbursement. If the fund exceeds the total reimbursements requested, reimbursements shall be made in full not to exceed $4,000. In no event shall payment exceed the actual amount paid.

Payment Limits. The amount payable to any teacher shall be the cost of up to a total of seven (7) semester hours per school year (July-June) not to exceed $4,0003,000. On June 30 of each school year, all requests for tuition reimbursement shall be brought together. If the reimbursements requested exceed the fund total, each member shall be reimbursed according to the percentage calculated by dividing the total in the fund by the total cost of all semester hours requested for reimbursement. If the fund exceeds the total reimbursements requested, reimbursements shall be made in full not to exceed $4,0003,000. In no event shall payment exceed the actual amount paidcost per semester hour.