Common use of Unused Funds Pooled Clause in Contracts

Unused Funds Pooled. If less than forty-thousand dollars ($40,000) has been utilized or encumbered by August 31st of each year, the unused funds of the forty-thousand dollars ($40,000) shall be pooled and made available as follows: 1. No later than September 15th , eligible employees must submit to the District a reimbursement to help pay the cost of tuition or fees from the prior fiscal year (September 1st through August 31st) for obtaining an advanced degree, professional certification, or National Board Certification. 2. Reimbursement of tuition or fee costs will be calculated by dividing the total number of employees who submitted the required form, along with tuition or fee receipts, into the unused pool dollars available. This calculation may need to be repeated a number of times in order to fully utilize the pool dollars available.

Unused Funds Pooled. If less than forty-thousand dollars ($40,000) 80,000 has been utilized or encumbered by August 31st 31 of each year, the unused funds of the forty-thousand dollars (those $40,000) 80,000 shall be pooled and made available as follows: 1. No later than September 15th October 1, eligible employees must submit to the District a reimbursement form (for the first year of this Agreement it would be for tuition or fee costs incurred from the Fall 2008 through Summer 2009) to help pay the cost of tuition or fees from the prior fiscal year (September 1st 1 through August 31st31) for obtaining an advanced degree, professional certification, or National Board Certificationnational board certification. 2. Reimbursement of tuition or fee costs will be calculated by dividing the total number of employees who submitted the required form, along with tuition or fee receipts, into the unused pool dollars available. This calculation may need to be repeated a number of times in order to fully utilize the pool dollars available.

Unused Funds Pooled. If less than forty-thousand dollars ($40,000) has been utilized or encumbered by August 31st of each year, the unused funds of the forty-thousand dollars ($40,000) shall be pooled and made available as follows: 1. No later than September 15th October 1st, eligible employees must submit to the District a reimbursement to help pay the cost of tuition or fees from the prior fiscal year (September 1st through August 31st) for obtaining an advanced degree, professional certification, or National Board Certification. 2. Reimbursement of tuition or fee costs will be calculated by dividing the total number of employees who submitted the required form, along with tuition or fee receipts, into the unused pool dollars available. This calculation may need to be repeated a number of times in order to fully utilize the pool dollars available.