Distribution Procedures. The Two Thousand Five Hundred Dollar ($2,500) annual tuition pool as defined in Article XXVIII, 28.9(c), will be distributed as follows. Each eligible employee will be reimbursed for dependents (as defined in Article XXVIII, 28.9(c)) based on the following formula: Total number of dependent’s credits for the academic year x in-district tuition - Dollar amount of scholarships received - Dollar amount of grants received - Cost of any course in which less than a “C” was earned = Each dependent’s qualified dollar amount for reimbursement Step Two: Add all dependent’s qualified dollar amounts (from Step One). If the total amount is equal to or less than the applicable annual pool listed in Section 28.9(c), the procedure continues at Step Five and an eligible employees shall receive reimbursement for their dependent equal to that amount calculated in Step One. If the total amount is greater than the applicable annual pool listed in Section 28.9(c), the procedure continues through Steps Three, Four and Five. Each dependent’s qualified dollar amount (from Step One) divided by the total of all dependents’ qualified dollar amounts (from Step Two) x 100. = Dependent’s percentage of tuition pool (Note: Step Three will be repeated for each dependent to calculate each dependent’s individual percentage.) Each dependent’s percentage x the applicable annual pool listed in Section 28.9(c). = Dollar amount to be reimbursed to the Union employee.
Appears in 2 contracts
Sources: Custodial/Maintenance Agreement, Custodial/Maintenance Agreement
Distribution Procedures. The Two Thousand Five Hundred Dollar ($2,500) annual tuition pool as defined in Article XXVIII, 28.9(c), will be distributed as follows. Each eligible employee will be reimbursed for dependents (as defined in Article XXVIII, 28.9(c)) based on the following formula: Total number of dependent’s credits for the academic year x in-district tuition - Dollar amount of scholarships received - Dollar amount of grants received - Cost of any course in which less than a “C” was earned = Each dependent’s qualified dollar amount for reimbursement Step Two: Add all dependent’s qualified dollar amounts (from Step One). If the total amount is equal to or less than the applicable annual pool listed in Section 28.9(c), the procedure continues at Step Five and an eligible employees shall receive reimbursement for their his/her dependent equal to that amount calculated in Step One. If the total amount is greater than the applicable annual pool listed in Section 28.9(c), the procedure continues through Steps Three, Four and Five. Each dependent’s qualified dollar amount (from Step One) divided by the total of all dependents’ qualified dollar amounts (from Step Two) x 100. = Dependent’s percentage of tuition pool (Note: Step Three will be repeated for each dependent dependents to calculate each dependent’s individual percentage.) Each dependent’s percentage x the applicable annual pool listed in Section 28.9(c). = Dollar amount to be reimbursed to the Union employee.
Appears in 2 contracts
Sources: Custodial/Maintenance Agreement, Custodial/Maintenance Agreement