SECTION E – TUITION REIMBURSEMENT PLAN

The Board will reimburse a teacher up to $250 per semester hour for a maximum of 12 credit hours per school year for approved classes in an approved Masters’ Degree program at an accredited college or university for the teacher’s first Masters’ Degree. To receive reimbursement a teacher must submit satisfactory verification of a grade of B or better for each course.

If the teacher voluntarily separates his/her employment with the Board within three years of completing a reimbursed course, a percentage amount of reimbursed course will be due the Board according to the following schedule:

0-12 months 100%

13-18 months 75%

19-24 months 50%

25-36 months 25%

Transition Provision. A teacher who is participating in the Tuition Loan Plan as set forth in the parties’ 2003-2006 contract may continue to participate in the Tuition Loan Plan or may participate in the Tuition Reimbursement Plan set forth above. If a teacher who was participating in the Tuition Loan Plan opts to participate in the Tuition Reimbursement Plan, the teacher must pay off the balance of any loan and any reimbursement that the teacher is eligible to receive will first be used to pay off the balance of any loan the teacher had under the Tuition Loan Plan. In any event, the teacher must pay off the balance of any outstanding loan within three years of the date of the loan or the date of separation of employment, whichever occurs earlier.