Educational Assistance Program Employees Without Their Knowledge In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00451BG
Format:
Word;
Rich Text
Instant download
Description
This form offers education assistance to employees under certain circumstances. Courses must be from approved institutions of learning, such as accredited colleges, universities, and technical colleges or schools that offer certification in a field approved by employer. Also, the courses must be, in employer's opinion, directly or reasonably related to employee's present job or part of a degree program, or in line with a position that employer believes employee can reasonably achieve. If employee shall leave the employment of employer for any reason, within two years of any reimbursement, employee shall immediately repay all reimbursements back to employer.
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FAQ
Time-Based Clawback Clauses: Employees may be required to stay with the company for a set period (e.g., one to two years) after completing their education to avoid repayment. If they leave before the agreed-upon time, they must repay a portion or all of the educational assistance.
Similar to federal law, state law provides that contributions made to a qualified tuition program are not deductible.