3.5 Tuition Reimbursement The Company encourages continuing education and provides partial reimbursement for a full-time employee for post-secondary education that meets the following criteria: (a) Classes must increase the skills of the employee and be beneficial to the Company. (b) Classes must be pre-approved for the program. (c) Employee must have worked at the Company for at least one year. The reimbursement schedule is as follows: Class grade A+ to A- | 50% reimbursement Class grade B+ to B- | 40% reimbursement Class grade C+ to C- | 25% reimbursement Class grade D+ or below | 0% reimbursement (A passing grade from a Pass/Fail class will be treated like a C and is therefore 25% reimbursable.) CREA, LLC will not reimburse for books and/or course materials that are required for any classes. This program is designed as a benefit for the employee to enhance their education and knowledge of the chosen area of study, but it is also designed to bring benefit to the position the candidate holds with the Company while employed. Therefore, if an employee is eligible for reimbursement, they will enter into an agreement with the firm, agreeing to reimburse the Company, 100% of any tuition monies received within one year preceding the date of termination. Payment must be made within 30 days upon termination of employment (voluntary or involuntary). Employees should discuss with their manager and HR representative the eligibility of a class for reimbursement. The maximum reimbursable amount for one (1) year is $4,000; we operate on a fiscal year calendar for this policy. Tuition reimbursement must at all times be pre-approved. To apply for reimbursement, the employee should prepare a summary of the class or classes, attach it to a request form available from Human Resources, and present it to a Human Resources representative and the department manager. The department manager and Human Resources will determine if the class or classes qualify for reimbursement under the program. To receive reimbursement once the class has been completed, please provide a copy of the receipt of payment for tuition, documentation of course completion, and grade received attached to your expense reimbursement request. 3.6 Paid Time Off (PTO) & Floating Holiday CREA, LLC provides employees with paid time off (PTO), which is intended for reasons such as vacation, personal time, personal illness, or time off to care for dependents. PTO is not earned by temporary or contract employees, or those whose employment offers specifically exclude this benefit. Eligibility All full-time regular employees are eligible to receive PTO immediately upon hire and will accrue a 1/12th share of their allotted PTO on the 1st calendar day of each month. Newly hired employees are not eligible to use PTO until after their first 90 days of employment (introductory period). If an employee satisfactorily completes that 90-day introductory period, they will earn PTO on a pro-rata basis depending upon their date of hire. (For example, an employee hired on February 1 will be eligible to use PTO after May 1 for a total of 14 days during that calendar year).
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