Effective Date: 1/1/2007
Grubstake will provide educational assistance to all eligible employees who have completed 180 calendar days of service in an eligible employment classification. To maintain eligibility employees must remain on the active payroll and be performing their job satisfactorily through completion of each course. Employees in the following employee classification(s) are eligible for educational assistance:
* Regular full-time employees
* Regular part-time employees
Individual courses or courses that are part of a degree, licensing, or certification program must be related to the employee's current job duties or a foreseeable-future position in the organization in order to be eligible for educational assistance. Grubstake has the sole discretion to determine whether a course relates to an employee's current job duties or a foreseeable-future position. Employees should contact the Personnel Manager for more information or questions about educational assistance.
While educational assistance is expected to enhance employees performance and professional abilities, Grubstake cannot guarantee that participation in formal education will entitle the employee to automatic advancement, a different job assignment, or pay increases.
Grubstake invests in educational assistance to employees with the expectation that the investment be returned through enhanced job performance. However, if an employee voluntarily separates from Grubstake's employment within one year of the last educational assistance payment, the amount of the payment will be considered only a loan. Accordingly, the employee will be required to repay up to 100 percent of the original educational assistance payment.