Student Loan Repayment Sample Clauses

Student Loan Repayment. The Employer may repay student loans for eligible bargaining unit employees to facilitate the recruitment or retention of highly qualified professional, technical, or administrative personnel. Such repayments may be up to the maximum allowed under law, rule and regulation. However, loan repayments provided for under this section will only be considered upon establishment of an agency loan repayment plan (reference 5 CFR Part 537.) Upon establishment of an agency loan repayment plan, the Employer will notify the Union pursuant to Article 45 of this Agreement.
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Student Loan Repayment. Effective the first full pay period following the implementation of the Employer’s new HRIS system, Workday, and in no event later than May 2023, the Hospital will provide monthly student loan payments for eligible RNs through December 31, 2025, or as long as the federal program pursuant to IRS Section 127 continues to exist. However, employees shall not be eligible for more than five (5) years of student loan repayment benefits. Nurses will be eligible for up to $400 per month for student loans accrued, due to the completion of an eligible nursing degree. To qualify, a nurse must complete six (6) months of employment. While receiving loan repayments, the nurse must maintain an FTE of .75. This program shall not impact a nurse’s ability to participate in the tuition reimbursement or assistance program for current education courses. The benefit is nontaxable in accordance with IRS Section 127 criteria, up to a combined $5,250 annually. Payments in excess of $5,250 will be processed as taxable income. If the federal program pursuant to IRS Section 127 described above ends, the Hospital will notify WSNA and engage in bargaining over the Student Loan program.
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Student Loan Repayment. An employee, upon successful completion of one year of employment, and subsequent years of employment, may be eligible for student loan repayment of up to $2,000 annually providing:
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Student Loan Repayment. The Board will provide up to $3,000 per year for the purpose of student loan repayment for teachers with three (3) or less years of teaching experience (on steps 0-3). All applications for student loan repayment must be filed with the Human Resources Office no later than November first (1st). The $3,000 fund will be divided on a prorated basis among all eligible applicants. However, individual teachers shall be eligible to receive no more than $1,000 a year or the balance of their loan, whichever is less. The repayment contribution shall be made directly to the educational and/or financial institution(s) designated by the teacher. In order to receive this contribution, the teacher shall provide proof of the loan(s), including verification of monthly payment amount(s) and a year- end summary of the repayment activity from the institution(s). Any teacher receiving an education loan repayment contribution is expected to return to the Marlborough school system for the school year following the year in which the contribution is made. If the teacher voluntarily terminates employment before the end of the following year and the amount contributed is greater than the final paycheck of the teacher the amount of the contribution must be repaid on a prorated basis within a three (3) year period, through signing a promissory note indicating the amounts, method, and schedule of payment. In the event that the amount contributed is less than or equal to the teacher's final paycheck, the District is specifically authorized to deduct any balance due from the paycheck. Support Staff Overtime
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Student Loan Repayment 
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Related to Student Loan Repayment

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • Credit, Payment and Collection You will receive a single monthly bill for both your natural gas and the delivery of such natural gas from your utility distribution company. Payment is due by the date set forth on the invoice. Should you fail to pay the monthly bill or fail to meet any agreed upon payment arrangement, your service may be terminated in accordance with your local utility’s tariffs and your contract with XOOM may be automatically terminated, leading to XOOM seeking cost recovery fees as set out herein. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. If accepted as a customer, XOOM may report your payment experience. Bills not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month. XOOM will charge a $35 return check fee for all returned checks or the maximum allowed by law. XOOM may terminate your commodity service and may suspend services under procedures approved by law. In all events, you shall remain obligated to pay for all natural gas received by you and any interest, fees and penalties incurred by XOOM. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOM.

  • Repayment and Recovery (a) At the End of a Funding Year. If, in any Funding Year, the HSP has not spent all of the Funding the LHIN will require the repayment of the unspent Funding.

  • Early Repayment 10.1 You have a right to repay all or part of the credit early at any time. You must give us oral or written notice of your intention to make early repayment. If you wish to repay part of the amount due, you must make payment before the end of the period of 28 days beginning with the day following the day that we receive your notice, or on or before any later date specified in your notice. Please give us notice orally on our number below or in writing at the address above, giving details of this Credit Agreement.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

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