Training cost repayment undertaking template (US)

Training Repayment Agreement

This Training Repayment Agreement is made on Agreement Date between Company Name, at Company Address ("Company"), and Employee Name, Job Title ("Employee").

1. The Training

Company will pay for the following training, which is voluntary for Employee and is not required to perform Employee's current job: Training Name, Provider and Dates. The training leads to Credential or Skill Gained, which Employee may use in later jobs with any employer.

2. Cost

Company will pay the actual, documented costs of the training, estimated at $Estimated Training Cost, made up of Cost Breakdown, such as tuition, exam fees and travel. Employee's wages for training time are not part of this cost and will not be repaid.

3. Repayment

If Employee resigns, or is dismissed for Defined Misconduct, such as gross misconduct, within Repayment Period after the training ends, Employee will repay a share of the cost that reduces over time:

| Separation Within | Share to Repay |

| --- | --- |

| First Period after the training ends | First Percentage% |

| Second Period after the training ends | Second Percentage% |

| Third Period after the training ends | Third Percentage% |

Employee will not owe anything if Company ends employment for any other reason, such as a layoff, or if Employee leaves because of a disability, military service or other reason protected by law.

4. How Repayment Is Made

Any amount owed will be paid within Repayment Days days of separation, or by Installment Option. No amount will be deducted from wages unless Employee gives separate written authorization at the time, and then only as far as federal and state law allow. No deduction will reduce Employee's pay below the minimum wage or overtime due.

5. Legal Limits

Some states restrict or prohibit agreements that require employees to repay training costs, or require particular terms. This Agreement applies only to the extent the law of the state where Employee works allows, and any part that is not allowed will be treated as removed.

6. Employment At-Will

This Agreement does not promise employment for any period. Employment remains at-will.

7. Governing Law

This Agreement is governed by the laws of the State of Governing State.

Employee has read this Agreement, had the chance to ask questions and get advice, and signs it voluntarily.

| Company | Employee |

| --- | --- |

| Signature: Company Signature | Signature: Employee Signature |

| Name: Company Printed Name and Title | Name: Employee Printed Name |

| Date: Company Signing Date | Date: Employee Signing Date |