Employee training reimbursement agreement is a written document stating the conditions of repaying fees of training sessions acquired during or after their employment.
Companies and businesses make sure that their employees are aware of all the workings of the business and how to manage it properly by providing exceptional customer services. Therefore, companies bound their employees to take a few training sessions after joining to make sure that they are aware. Many companies also manage training sessions during employment when they are about to launch a new product or service. It is a legal document and can be used in a court of law.
A reimbursement agreement is used by an employer to make sure that money spent on training employees does not go to waste if employees resign after acquiring training. It put a strain on the employer financially as they spend on the training of one employee and after the resignation, replacement of that employee would also need training, therefore, reimbursement agreement returns all the fees of training sessions in small installments to relieve employees of the financial burden.
The template of the employee training reimbursement agreement is provided below,
This agreement is drafted on the date [DD/MM/YYYY] between the following parties,
Name: Jacob Hill
Address: 34 Moon Road, London, England.
Contact: 342 234-7292
Name: Employee Association
Address: 23 Jail Road, London, England.
Contact: 283 284-9494
Terms and conditions of the following agreement are mentioned below,
Employer: Jacob Hill __________________ [Signature]
Employee Association __________________ [Signature]
Witness #1: Adam Gilbert __________________ [Signature]
Witness #2: Smith Jason __________________ [Signature]
Date enclosed [DATE]
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