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-12- <br /> 14 .1 No employee hired after .January 1, 1978 shall be. eligible for <br /> the program. <br /> 14.2 Present participants in the Program shall have their benefits <br /> reduced by one-fifth (1/5)_ for each of .five consecutive years <br /> starting January 1, 1979: <br /> 14. 3 The EMPLOYER and UNION also. agree to maintain the highest <br /> possible. standards of. employee service through commitment to <br /> -;- <br /> employee training and development. The EMPLOYER agrees to <br /> commit supplemental funds for that purpose. <br /> 14. 4 Participation in the College .Incentive Program. is subject to <br /> the following regulations : <br /> 14. 5 In. order to qualify for the- program, earned college credits <br /> must be graded "C" or better or pass. on,.a pass/no pass and <br /> must be certified to and approved by the. City Manager . <br /> 14.6 The program shall be based- upon the quarter-credits system as <br /> practiced at the University of Minnesota. Courses based on <br /> any other. credit system shall- be converted to the quarter <br /> credit system by the City Manager. Courses that would be <br /> certified and accredited.-by the University of Minnesota shall <br /> be acceptable if approved by the City Manager . <br /> 14.7 The College .Incentive compensation, in addition. to' base salary, <br /> shall. be paid at the. rate of $.40 per approved quarter credit <br /> per month, up to a maximum of 135 quarter credits. A four year <br /> degree, consisting of 180 or more quarter credits shall be <br /> compensated, in addition to base salary., at the rate of $80 .00 <br /> • per month. <br />