Training Reimbursement Agreement

Employee Name __________________     Date ___________________________                                 

Training/Certification Program: ________________________________________   

Date(s) of Training: ____________________________   

Registration Fee $_________ Transportation/Food/Lodging Cost $__________________

Gross Salary and Wages Cost $_______________  Total Cost for Training $ _______________

I agree to repay to Diamond R Equipment the above amount paid on my behalf or paid directly to me for the above training/certification in the event I voluntarily leave my position with the Diamond R Equipment within two years from the date I complete the training.  I

I agree that Diamond R Equipment may withhold any necessary reimbursement for my final termination pay.  In the event my final termination pay is insufficient to reimburse Diamond R Equipment, I agree to make repayment in one lump sum by certified check or money order within 30 days of my termination date based upon the scale below.           

NUMBER OF MONTHS OF SERVICE FROM THE COMPLETION
DATE OF TRAINING:	

REIMBURSEMENT	
MONTHS 1-6	100%	
MONTHS 6-12	75%	
MONTHS 12-18	50%	
MONTHS 18-24	25%	

I also understand this repayment agreement is not a guarantee of future employment.

Employee Signature ___________________________ Date _____________________

Manager Signature ___________________________   Date _____________________