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Scholarship Agreement - v10

This 3 sentence summary provides the high level details: The document is a scholarship agreement between an employee and company where the company agrees to pay for the employee's boating IT support course tuition, living expenses, and additional compensation in exchange for the employee's commitment to successfully complete the course and work for the company afterwards. The agreement outlines the financial support and benefits provided by the company, the employee's obligations to complete the course and work commitment, compensation terms if the employee fails to complete the course, and confidentiality and signature sections.

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669 views3 pages

Scholarship Agreement - v10

This 3 sentence summary provides the high level details: The document is a scholarship agreement between an employee and company where the company agrees to pay for the employee's boating IT support course tuition, living expenses, and additional compensation in exchange for the employee's commitment to successfully complete the course and work for the company afterwards. The agreement outlines the financial support and benefits provided by the company, the employee's obligations to complete the course and work commitment, compensation terms if the employee fails to complete the course, and confidentiality and signature sections.

Uploaded by

davidvamba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BOATING IT SUPPORT COURSE SCHOLARSHIP AGREEMENT

This Boating IT support Course Scholarship Agreement ("Agreement") is entered into on [Date], (the
"Effective Date"), by and between:

SoReason

(hereinafter referred to as the "Company")

and

[Employee Name]

Address: [Employee Address]

(hereinafter referred to as the "Employee")

(collectively referred to as the "Parties").

1. Context
1.1. WHEREAS, the Company has agreed to provide financial assistance to the Employee to
attend a boating course (the "Course"), and support for the Employee's living expenses
during the course.
1.2. WHEREAS, in consideration of this financial support, the Employee agrees to work for the
Company for a minimum period as specified in this Agreement.
1.3. WHEREAS, this project has risks associated with it, and it is adventurous in its nature, and in
such a project it is difficult to accurately estimate the future outcome of the adventure.
1.4. NOW, THEREFORE, the Parties agree as follows:

2. Financial Support and Course Obligation


2.1. The Company agrees to pay for the tuition fees and living expenses of the Employee during
the Course.
2.2. The Employee acknowledges that this financial support is contingent upon the Employee's
successful completion of the Course.
2.3. The Employee agrees to make a serious effort to successfully complete the Course, and put
in more hours than expected by the course leader. The Employee shall also engage his
mind, and ask questions and take notes during the course.
3. Full benefits list
3.1. The Company will pay course tuition fees.
3.2. The Company will pay accommodation, transportation, and food during the course.
3.3. The Company will pay $60 to the Employee for successful completion of the course by the
Employee.
3.4. The Company will pay another $20 for a copy of notes taken during the course. This is to
encourage the Employee to pay close attention to the course, and engage his mind.
3.5. This total compensation is meant to compensate the Employee for the time spent, and for
the inherent risks in the project.
3.6. These benefits will depend on the successful execution of the course.

4. Work Commitment
4.1. The Employee agrees to work for the Company according to a separate contract.
4.2. The expected outcome of the course is that the Employee gets passing grade, and a
certificate or other evidence that the course has been successfully completed. This evidence
should be sent directly from the course provider, to the Company.
4.3. This Agreement does not imply that taking this job ensures long-term job security. Job
security is dependent on many factors, including but not limited to job skills, work attitude,
and the success of the Company.

5. Compensation Clause
5.1. In the event the Employee terminates the course before completion, the Employee shall be
liable to reimburse the Company for the loss of time for an amount of the Course and living
expenses as follows:
5.1.1.If the Employee terminates the course after the Company has arranged payment, and
funds are lost, then 200% of the Course and living expenses shall be compensated back
to the Company.
5.1.2.If the Employee terminates before the course have been paid, and no funds are lost,
then no compensation to the Company is required.

5.2. The compensation shall be paid to the Company within 30 days from the Employee's
termination date.

6. Confidentiality and Non-Compete

6.1. The Employee agrees to abide by any confidentiality and non-compete agreements as
specified in the Company's employment contract.

7. Partial Agreement
7.1. This Agreement constitutes a part of the total agreement between the Parties and must be
seen in context with other relevant documents.

8. Governing Law

8.1. This Agreement shall be governed by and construed in accordance with the laws of relevant
jurisdictions, as well as that of Upwork.

9. Signature
IN WITNESS WHEREOF, the Parties hereto have executed this Boating Course Scholarship Agreement
as of the Effective Date.

[Company Name]

By: ____________________________________

Name: [Authorized Signatory]

Title: [Title]

Date: [Date]

[Employee Name]

By: ____________________________________

Name: [Employee Name]

Date: [Date]

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