The Pros And Cons Of Reimbursement

As part of the educational reimbursement program being offered by ABC Bagley Company, the following bilateral contract is made effective as of September 28, 2016, by ABC Bagley Company. This contract is between ABC Bagley Company and Lulu Loveless., in which both parties (Employer & Employee) mutually agree as follows:

1. Overview of Services. ABC Bagley Company and its subsidiaries and affiliates (collectively, “ABC Bagley” or the “Company”) believes it is important to provide all employees with professional development and education. To that end, the Tuition Assistance Program (the “Program”) is designed to provide employees with the means to enroll in undergraduate and graduate level college courses.

2. Reimbursement. Reimbursement

Other Considerations. Employees should understand that the Company, in its sole discretion, may modify, amend or terminate this Program at any time and that employees will be required to adhere to any such amendments. Employees are solely responsible for reviewing the current version of this Program periodically to keep abreast of all current requirements.

7. Reimbursement Procedures. Employees requesting reimbursement must complete the Tuition Assistance Program Authorization Form. Reimbursement is repaid as part of the employee’s paycheck and appears on the check detail as “tuition.” The reimbursement amount will not have any taxes taken from it nor will it be reported as income on the IRS W2 form.
By participating in the Education Reimbursement Program, I Lulu Loveless understands and agrees to the following:
* Must be a full-time regular employee in good standing and maintain a satisfactory performance level.
* The course(s) must be related to my work.
* I must receive pre-approval from my managers prior to registration for anticipated coursework. (Authorization forms are located on the employee website, under Educational Reimbursement Program).
* I must receive a grade of “Pass,” “C” or better for undergraduate and graduate courses before a level of reimbursement is granted; original receipts and grade reports are required before any level of

In this kind of agreement, two gatherings go into an understanding where both sides guarantee to accomplish something (Lau & Johnson, 2014). Be that as it may, the components of either contract continue as before:
• Offer by the promisor
• Acknowledgment by the promisee
• Thought or backing for the offer, similar to cash
• Of lawful limit, which means both sides are free from emotional sickness or enslavement and
• Legal terms restricting contract make an expert get that contains the distinct and certain components
Ethical