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5. Employee will repay the computer loan to the Utilities in not more than 25 equal <br />installment payments authorized and made through payroll deduction, upon the <br />employee's election by signed authorization form. <br />6. Employee must maintain ownership and possession of the computer for the <br />duration of the loan term. <br />7. If the employee leaves the Utilities before the loan is paid back in full, the Utilities <br />will withhold the outstanding portion of the loan from the employee's final <br />paychecks (including any check for unused and unpaid benefits) as authorized by <br />the employee in the authorization form signed at the time the loan is made. <br />54. EDUCATIONAL ASSISTANCE <br />The Utilities will provide financial assistance to eligible employees for pre -approved <br />courses that are job related, lead to a job -related degree, or are within areas beneficial to <br />the Utilities in its discretion and pursuant to this policy. With regard to education required <br />by the Utilities or in connection with a Utilities -approved apprenticeship training program, <br />check with a Utilities manager or Director. <br />1. All full-time Utilities employees with at least three months of continuous <br />employment are potentially eligible for reimbursement under this policy. <br />2. The Utilities may pay up to 100% reimbursement of the costs for tuition, <br />registration, fees, books and course required materials after successful completion <br />of a pre -approved course. Courses must be at accredited colleges, universities, or <br />vocational schools or be short courses conducted by recognized professional <br />training organizations. <br />3. A course may be approved if: <br />a) It is directly related to the employee's work for the Utilities. <br />b) It is required by a program of study leading to a degree that is directly related <br />to the employee's work for the Utilities. <br />c) It will improve the employee's work for the Utilities. <br />d) It is expected to be completed within a time acceptable to the Utilities. <br />4. This policy will not cover recreational or personal interest courses. <br />5. Prior to registration, the employee must have full approval for the course from <br />Utilities' management designated as having approval authority for such matters. <br />6. The Utilities reserves the right to disapprove educational assistance requests and to <br />amend or eliminate this policy from time to time in its discretion. <br />55 <br />July 2024 <br />2313900 <br />120 <br />