Common use of Section 27.2 Clause in Contracts

Section 27.2. Employees who have not been approved for educational assistance prior to June 30, 1999, will be subject to reimbursement limits of $2000 per calendar year for undergraduate level courses or up to $3000 per calendar year for post-graduate level courses, if approved. An employee will receive 100% of institutional costs up to the above limits if the employee receives an A, B, or C grade or “passing” if the course is limited as a “pass-fail” course. Grades of D or F or failure to complete are not eligible for reimbursement.