TUITION REIMBURSEMENT REPAYMENT AGREEMENT



TUITION REPAYMENT AGREEMENT

Ivy Tech Community College of Indiana (College) has established, pursuant to its policies, a tuition assistance/reimbursement program to assist its employees in their pursuit of academic degree attainment at institutions of higher education other than the College. The policy currently provides employees who wish to enroll in classes at appropriately credentialed institutions of higher education outside of the College assistance/reimbursement of up to 24 credit hours worth of tuition per fiscal year. The reimbursement or prepayment amount is limited as set forth by policy. Among the other requirements for participation in this program, as explained in the College’s policy, employees wishing to participate in said tuition assistance/reimbursement program must agree to remain employed with the College for a period of three years following completion of the reimbursed/prepaid credit hours or, as provided for below, repay all or a part of the tuition amount paid to him/her or on his/her behalf by the College. The purpose of this Agreement, then, is to define and memorialize the understanding and agreement of the College and the undersigned employee. Specifically, it is acknowledged and understood as follows:

1. The undersigned employee hereby acknowledges that he or she has obtained prior written approval from the appropriate College representative to participate in said tuition assistance/reimbursement program and has familiarized him/herself with the terms and conditions of the applicable College policy. It is further understood and agreed that this agreement will remain in full force and effect for such time as the undersigned employee takes advantage of the College’s tuition assistance/reimbursement program. Therefore, in the event that the undersigned employee takes time off between semesters or academic years from his/her pursuit of a degree this agreement will apply with regard to non consecutive fiscal year assistance/reimbursements.

2. The undersigned employee further acknowledges and agrees that nothing contained in this Agreement, or in the referenced tuition assistance/reimbursement policy, guarantees his or her employment for any period of time and is not a contract for employment. The undersigned employee understands and agrees that his/her continued employment is conditioned on his/her performance, behavior and or the availability of work as determined by the College and pursuant to all of the applicable employment policies in effect for College employees.

3. In the event that the undersigned employee voluntarily leaves employment with the College within 12 months of receipt of tuition reimbursement from the College or the College having paid tuition directly to an institution on his/her behalf, pursuant to the tuition assistance/reimbursement policy, he/she agrees to reimburse the College, in full for the amount of tuition assistance/reimbursement paid by the College to the employee or on the employee’s behalf.

4. In the event that the undersigned employee voluntarily leaves employment with the College between 12 and 24 months of receipt of tuition reimbursement from the College, or the College having paid tuition directly to an institution on his/her behalf, pursuant to the tuition assistance/reimbursement policy, he/she agrees to reimburse the College two thirds of the tuition assistance/reimbursement paid by the College to the employee or on the employee’s behalf.

5. In the event that the undersigned employee voluntarily leaves employment with the College between 24 and 36 months of receipt of tuition reimbursement from the College, or the College having paid tuition directly to an institution on his/her behalf, pursuant to the tuition assistance/reimbursement policy, he/she agrees to reimburse the College one third of the tuition assistance/reimbursement paid by the College to the employee or on the employee’s behalf.

6. In the event that the undersigned employee owes a refund pursuant to the above noted terms and conditions, the undersigned employee agrees, consents and hereby authorizes the College to withhold from his/her final paycheck or disbursement of any kind, such amount as may be necessary to satisfy any balance due pursuant to this agreement. Such withholding may equal the entire amount of said final paycheck or disbursement and may or may not fully satisfy his/her outstanding balance. It is further acknowledged that the undersigned employee may revoke this authorization at any time upon prior written notice to the Director of Human Resources at the College region, or central office at which he/she is employed. In the event that the entire amount of the undersigned employee’s final paycheck or disbursement does not satisfy the balance due, or in the event that the undersigned employee revokes authorization to withhold from said final paycheck or disbursement, the College hereby reserves the right to pursue all legal and equitable means at its disposal to collect such balance due.

The parties wishing to be bound by the terms and conditions of this Agreement have executed the same this ____ day of _____, 20__.

Employee: Ivy Tech Community College of Indiana:

Signed:____________________ Signed:_________________________

Printed:____________________ Printed:_________________________

Chancellor or Designee

07/2010

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