Page 87 - New Hire Book 102021

requested for 100% of all tuition fees, mandatory fees including all registration and lab fees and all
required textbooks, up to the limits set forth in this Policy. Kontoor Brands reserves the right to
consider the appropriateness of any unusual or unreasonable charges.

The maximum reimbursement is $5,250 per calendar year for salary and exception hourly
employees and $1,000 per year for hourly employees.

The following expenses will not be reimbursed:
• Finance charges
• Penalty fees
• Stationery and supplies (pencils, paper, etc.)
• Meals and Lodging
• Parking and student activity fees
• Transportation

Within 60 days of satisfactory completion, an itemized invoice indicating individual charges as well
as a receipt or cancelled check and an official report (i.e., transcript) of final grades are required to
be submitted to Human Resources before any reimbursement is made. Reimbursements are
generally made within 30 days after submitting the required documentation. All reimbursements
are paid from the general assets of Kontoor Brands.

Satisfactory completion of a course is made when the employee receives a grade of "C" or higher,
a grade of 70% or higher, or an appropriate indication of "passing" the course. No reimbursement
will be made for a failing or unsatisfactory grade, or for an incomplete or withdrawal. If an
employee cannot complete a course because of unanticipated work or travel requirements,
Kontoor Brands may reimburse covered costs if approval is obtained from the Human Resources
Department prior to dropping the course. If educational expenses are reimbursed by scholarships,
grants, or through Veterans' Administration benefits, GI Bill or by any other organization, Kontoor
Brands shall reimburse the difference, if any, between the payment from the other organization
and the amount the employee would otherwise be reimbursed under the Program up to the
applicable reimbursement limits.

Kontoor Brands will reimburse the cost of a second CPA exam when necessary. Tuition
reimbursement will also be allowed for repeating a preparatory class prior to retaking the exam.

Repayment
An employee will be required to reimburse Kontoor Brands a prorated amount if the employee
voluntarily terminates service or is terminated for cause within three years of course completion in
accordance with the following schedule:
• Less than 12 months after course completion: 100%
• 12 –less than 24 months after course completion: 66 2/3%
• 24-less than 36 months after course completion: 33 1/3%
• 36 months or more after course completion: 0%

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