Page 80 - Police Federal Credit Union

d. They further understand that they must bear the initial cost of the registration, books, tuition, and
other fees necessary for enrollment unless advanced payment is requested and approved.

e. They also understand there is no reimbursement for books not required for the course,
equipment, parking, mileage, meals, etc.

f. After successful completion of the course and receipt of final grade, they will provide the Credit
Union with a copy of their institutions official grade transcript. If reimbursement was not
advanced, they will submit a reimbursement request form for payment through Accounts Payable.

g. They acknowledge and agree that should they terminate (resignation or discharge) their
employment with the Credit Union, or be terminated for cause, prior to six (6) months following
the completion of an undergraduate degree and/or twelve (12) months following the completion
of a graduate degree, the employee will reimbursement the credit union the total tuition amount
for the last course completed and paid for by Police FCU plus related textbook amounts. Such
deductions will be authorized and deducted from the employee’s last paycheck.

h. If their final compensation from the Credit Union is not sufficient to cover these costs, they agree
that they will be responsible for full reimbursement to the Credit Union prior to their last day of
employment with the Credit Union.

i. In the case of separation (resignation or discharge) before completion of the course or before the
amount of the reimbursement is recovered, the total tuition for the course plus related textbook
amounts will be returned to the Credit Union by the employee and may, subject to federal law, be
deducted from the employee’s last paycheck(s) or any other amount due to the employee from

the Credit Union. If the employee’s final compensation from the Credit Union is not sufficient to
cover these costs, the employee will be responsible for full reimbursement to the Credit Union
prior to their last day of employment with the Credit Union.

j. After successful completion of the course and receipt of final grade, reimbursement paperwork
shall be completed and submitted by the employee to their supervisor for payment authorization.

k. Employee acknowledges that they have read and fully understand the Educational Assistance
Agreement they are signing.

Educational Assistance is a benefit for which employees may apply, and is not a condition of
employment. This policy may be revised or eliminated at any time.

POLICE FEDERAL CREDIT UNION EMPLOYEE MANUAL - APRIL 2017 80 | PAGE