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Education Agreement With Employer
I need an Education Agreement with Employer for a Hong Kong tech company sponsoring an employee's part-time MBA program starting January 2025, with a two-year bonding period and repayment terms if the employee leaves early.
1. Parties: Identifies the employer and employee entering into the agreement
2. Background: Explains the context of the agreement, including the employer's support for employee education
3. Definitions: Defines key terms used throughout the agreement
4. Educational Program Details: Specifies the course/program, institution, duration, and qualification to be obtained
5. Employer Obligations: Details the employer's commitments including financial support, time off, and other resources
6. Employee Obligations: Outlines the employee's commitments regarding course completion, maintaining employment, and academic performance
7. Financial Arrangements: Specifies the costs covered, payment schedule, and any caps on financial support
8. Bonding Period: Details the period the employee must remain with the employer after completing the education
9. Repayment Terms: Conditions under which the employee must repay educational support and calculation method
10. Termination: Circumstances and consequences of early termination of the agreement
11. Confidentiality: Obligations regarding confidential information and intellectual property
12. General Provisions: Standard contract clauses including governing law, notices, and entire agreement
1. Study Leave Arrangements: Include when the education program requires time off work or flexible working arrangements
2. Performance Requirements: Include when minimum academic performance standards are required
3. Overseas Travel: Include when the education program involves international travel or residency
4. Government Funding: Include when the education is partially funded by government schemes
5. Intellectual Property Rights: Include when research or project work may create IP rights
6. Non-Competition: Include when protecting against employee departure to competitors after education
7. Promotion/Role Change: Include when completion of education leads to guaranteed role changes
1. Schedule 1 - Course Details: Detailed information about the educational program, institution, and curriculum
2. Schedule 2 - Payment Schedule: Breakdown of costs and payment timelines
3. Schedule 3 - Study Leave Calendar: Agreed dates and times for study leave or flexible working
4. Schedule 4 - Repayment Calculator: Formula and examples for calculating repayment amounts in various scenarios
5. Appendix A - Institution Acceptance Letter: Copy of acceptance letter from educational institution
6. Appendix B - Course Syllabus: Detailed course content and requirements
7. Appendix C - Company Education Policy: Reference to relevant company policies on education support
Authors
Bonding Period
Business Day
Commencement Date
Company
Completion Date
Course
Course Fees
Course Materials
Educational Institution
Educational Program
Employee
Employer
Employment Contract
Examination Dates
Financial Support
Grade Requirements
Grant Date
Intellectual Property
Leave Entitlement
Minimum Service Period
Notice Period
Paid Study Leave
Program Duration
Qualification
Repayment Amount
Repayment Period
Required Performance Standards
Start Date
Study Leave
Study Materials
Term
Termination Date
Training Period
Working Hours
Educational Support
Financial Arrangements
Payment Terms
Study Leave
Performance Requirements
Bonding Period
Repayment Obligations
Employment Commitment
Termination
Confidentiality
Intellectual Property
Non-Competition
Data Protection
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Variation
Waiver
Governing Law
Dispute Resolution
Third Party Rights
Costs and Expenses
Time Off and Leave
Course Completion Requirements
Academic Performance Standards
Reporting Requirements
Default Events
Financial Services
Technology
Professional Services
Healthcare
Manufacturing
Retail
Education
Construction
Telecommunications
Consulting
Legal Services
Banking
Insurance
Real Estate
Hospitality
Human Resources
Legal
Learning & Development
Talent Management
Employee Relations
Compliance
Finance
Training & Development
People Operations
Professional Development
Human Resources Director
HR Manager
Learning & Development Manager
Talent Development Specialist
Legal Counsel
Employment Lawyer
HR Business Partner
Training Manager
Chief People Officer
Professional Development Coordinator
Employee Relations Manager
Compliance Officer
Benefits Administrator
HR Operations Manager
Corporate Training Specialist
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