Page 27 - Yaskawa 2022 Open Enrollment Guide
P. 27
2022 Benefits Guide
Tuition
Reimbursement
Program
Yaskawa America, Inc. ofers tuition reimbursement
for Associates who qualify. Tuition reimbursement is
provided to qualifying Associates based on grades
received at completion of classes.
■ Undergraduate up to $5,250; this amount is
tax-free.
■ Graduate up to $10,000; the irst $5,250 is tax-
free.
An Associate will be allowed to carryover any
unreimbursed eligible educational expenses to
future years until fully paid.
Yaskawa also recognizes the importance of
associates enhancing their knowledge and skills
and encourages job speciic and career-enhancing
training in order to maintain existing job skills or
knowledge, or to acquire the standards necessary for
advancement.
Associates must remain employed following the
receipt of any tuition reimbursement payments as
follows:
■ 12 months for undergraduate degree courses
■ 24 months for graduate degree courses
If an associate voluntarily leaves employment or
is terminated for cause within the 12 or 24-month
period (as designated above) immediately following
the receipt of any tuition reimbursement payment,
the associate must repay the company for all
reimbursement(s) received during this time frame. With your automatic enrollment in Term Life with
A reimbursement obligation agreement must be Guardian, employees are eligible to earn “Tuition Rewards”
through the Guardian College Tuition Beneit Program.
completed as part of the application process for Visit www.guardian.collegetuitionbeneit.com to learn more.
each course that reimbursement will be sought.
27
Tuition
Reimbursement
Program
Yaskawa America, Inc. ofers tuition reimbursement
for Associates who qualify. Tuition reimbursement is
provided to qualifying Associates based on grades
received at completion of classes.
■ Undergraduate up to $5,250; this amount is
tax-free.
■ Graduate up to $10,000; the irst $5,250 is tax-
free.
An Associate will be allowed to carryover any
unreimbursed eligible educational expenses to
future years until fully paid.
Yaskawa also recognizes the importance of
associates enhancing their knowledge and skills
and encourages job speciic and career-enhancing
training in order to maintain existing job skills or
knowledge, or to acquire the standards necessary for
advancement.
Associates must remain employed following the
receipt of any tuition reimbursement payments as
follows:
■ 12 months for undergraduate degree courses
■ 24 months for graduate degree courses
If an associate voluntarily leaves employment or
is terminated for cause within the 12 or 24-month
period (as designated above) immediately following
the receipt of any tuition reimbursement payment,
the associate must repay the company for all
reimbursement(s) received during this time frame. With your automatic enrollment in Term Life with
A reimbursement obligation agreement must be Guardian, employees are eligible to earn “Tuition Rewards”
through the Guardian College Tuition Beneit Program.
completed as part of the application process for Visit www.guardian.collegetuitionbeneit.com to learn more.
each course that reimbursement will be sought.
27
