TUITION FUND FOR STAFF COURSEWORK Sample Clauses

TUITION FUND FOR STAFF COURSEWORK. The Board shall create a pool of $14,000 per year to reimburse employees for graduate level classes' tuition and Praxis III testing. In order to qualify, the employee must obtain a "B" level grade or better or a Pass in pass/fail graded. Employees must submit application on forms obtained from the Treasurer's office between April 1 and May 15. Funds will be paid out no later than June 30 of each year according to the following formula: The total amount spent by all employees submitting, divided by the total amount of the pool equals a percentage. The employee will be paid a percentage obtained by the formula of the actual amount he/she spent. Each year the total amount of the pool shall be dispersed for the purpose of this section. The Board shall only be responsible for maintaining a total of $14,000 at the start of each school year with one exception. In the event the state disperses funds for Praxis III testing or tuition reimbursement, this amount shall be added to the total pool unless otherwise restricted. Employees must submit to the treasurer proof of the actual amount spent plus proof of a passing grade no later than May 15. In the event the course or learning institution prevents the submission by May 15, the employee may submit the following year. If the state requires the district to pay for a percentage of testing, the percentage amount will not come from the tuition reimbursement fund. The employee cannot submit for testing cost if the employee has not incurred any loss. Employees on an Alternate Educator License may not utilize the tuition fund until they have obtained their provisional certification.
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