Sec. 9. An employment contract or agreement may not require an individual to reimburse the public employer for more than the maximum reimbursement amount, which shall be calculated as follows: (1) If an individual is hired by a nonpublic employer not more than one (1) year after the individual's certification date, the contract may require the individual to reimburse the public employer not more than one hundred percent (100%) of the costs, expressed as a dollar amount. (2) If an individual is hired by a nonpublic employer: (A) more than one (1) year; and (B) less than two (2) years; after the individual's certification date, the contract may require the individual to reimburse the public employer not more than sixty-six percent (66%) of costs, expressed as a dollar amount. (3) If an individual is hired by a nonpublic employer: (A) at least two (2) years; and (B) less than three (3) years; after the individual's certification date, the contract may require the individual to reimburse the public employer not more than thirty-three percent (33%) of costs, expressed as a dollar amount. (4) If an individual is hired by a nonpublic employer more than three (3) years after the individual's certification date, the contract may not require individual to reimburse the public employer for any costs.
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