Repayment of Town's Share Sample Clauses

Repayment of Town's Share. Upon successful completion of the course and receipt of 50% reimbursement, the employee must maintain employment with the Town from the date of the course completion, for four (4) months for each course taken, or upon completion of degree programs the employee must maintain employment with the Town according to the following schedule: Associate Degree - one (1) year Bachelor’s Degree - two (2) years Master’s Degree - three (3) years Doctorate Degree or Juris Doctor - four (4) years If an employee resigns, retires, or is discharged for cause prior to the completion of the required term of employment as set forth above, then the employee must repay the tuition reimbursement paid by the town for courses taken on a prorated basis within the same schedule as set forth above. This section shall not apply to an employee killed in the line of duty or who retires due to a duty related injury. The employee (or former employee) retains the right to request an extension of payback time periods for reasons to include, but not limited to, financial hardship, death of a family member, or injury. The employee (or former employee) may request such an extension through the Department Head, and if denied, shall retain the right of appeal to the Select Board. Should an employee die after leaving the service of the town while still owing a debt under this article, the town shall not seek reimbursement through the estate of the former employee.
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Repayment of Town's Share. Upon successful completion of degree programs the member must maintain employment with the Town according to the following schedule: Associate Degree - one (1) year Bachelor Degree - two (2) years Masters Degree/JD or PhD - three (3) years If a member separates from employment prior to serving the term required, then the term will be pro-rated starting from the date the degree was conferred. If a member separates from employment prior to completion of the degree program, then the percentage of completion will be calculated and applied to the term of employment above, with a minimum commitment of one year. For example, if the member has completed 50% of a Masters Degree at the time of separation, then member must serve one and a half (1.5) years from the completion date of last class. A non-matriculated member who receives reimbursement from the town for college level courses, shall maintain employment with the town for a period of one year following completion of the last course. Repayment may be: (1) a lump sum at time of separation; or (2) monthly payments over the term allowed with the first payment due at time of separation and the 1st of the month thereafter. There will be a late payment charge of $10 for any monthly payment received after the 10th of each month. (See Appendix E, Promissory Note). This section shall not apply to a member killed in the line of duty or who retires due to a duty related injury. The member (or former member) retains the right to request an extension of payback time periods for reasons to include, but not limited to, financial hardship, death of a family member, or injury. The member (or former member) may request such an extension through the Chief of Police or designee, and if denied, shall retain the right of appeal to the Select Board. Should a member die after leaving the service of the town while still owing a debt under this article, the town shall not seek reimbursement through the estate of the former member.

Related to Repayment of Town's Share

  • Benefits – Prepayment or Repayment of Premiums During Unpaid Portion of Leave 11.4.1 Teachers may prepay or repay benefit premiums payable during the duration of parental leave.

  • Repayment of Amounts Advanced for Network Upgrades Upon the Commercial Operation Date, the Interconnection Customer shall be entitled to a repayment, equal to the total amount paid to the Participating TO for the cost of Network Upgrades. Such amount shall include any tax gross-up or other tax-related payments associated with Network Upgrades not refunded to the Interconnection Customer pursuant to Article 5.17.8 or otherwise, and shall be paid to the Interconnection Customer by the Participating TO on a dollar-for-dollar basis either through (1) direct payments made on a levelized basis over the five-year period commencing on the Commercial Operation Date; or (2) any alternative payment schedule that is mutually agreeable to the Interconnection Customer and Participating TO, provided that such amount is paid within five (5) years from the Commercial Operation Date. Notwithstanding the foregoing, if this LGIA terminates within five (5) years from the Commercial Operation Date, the Participating TO’s obligation to pay refunds to the Interconnection Customer shall cease as of the date of termination. Any repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this LGIA is in effect. The Interconnection Customer may assign such repayment rights to any person. If the Large Generating Facility fails to achieve commercial operation, but it or another Generating Facility is later constructed and makes use of the Network Upgrades, the Participating TO shall at that time reimburse Interconnection Customer for the amounts advanced for the Network Upgrades. Before any such reimbursement can occur, the Interconnection Customer, or the entity that ultimately constructs the Generating Facility, if different, is responsible for identifying the entity to which reimbursement must be made.

  • Repayment of Loans; Evidence of Debt (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Maturity Date.

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