Bursary Award Agreement

ENTERED INTO BETWEEN

NATIONAL RESEARCH FOUNDATION (NRF)

(iThemba LABS)

AND

…………………………………………………………………………….

Identity number

Field of Study

………………………………………………………………………………..

Institution

………………………………………………………………………………..

1. PREAMBLE

WHEREAS iThemba LABS undertakes to grant the Bursar a bursary award in order

to allow

him/her to obtain a degree in Engineering subject to the terms and conditions contained in

this

Agreement.

AND WHEREAS the Bursar indicated an intention to engage in studies to obtain a

degree in Engineering subject to the terms and conditions contained in this Agreement.

2. BURSARY CONDITIONS

2.1. The Bursary-holder must be a South African resident.

2.2. The Bursary-holder will be registered as a full-time student during the tenure of the Bursary

at the Institution of High Learning as stipulated in the letter of award.

2.3. The Bursary-holder may not hold any bursary, awards, assistantships or benefits

concurrently with iThemba LABS Bursary which bind him/her to enter the service of any

organisation upon completion of his/her studies.

2.4. If a Bursary-holder wishes to change the field of study, institution for which the Bursary was

awarded, details must be submitted to iThemba LABS through the appropriate university

authority for consideration prior to such a change.

2.5. Should the Bursary-holder fail to fulfil any of the aforesaid conditions or should it transpire

that a Bursary was awarded on the basis of false information supplied to iThemba LABS,

iThemba LABS would be entitled to forthwith cancel the agreement, in which event the

Bursary-holder will be liable to refund the Bursary plus interest at a rate determined by

iThemba LABS from time to time.

2.6. This agreement contains all the general provisions related to the bursary, including a service

binding clause compelling the student on completion of the qualification to enter and remain

in iThemba LABS, for a minimum of 12 months for every year of study in which a bursary

was paid out to the student.

3. Contract of employment will be determined by the availability of funds, and future needs

regarding personnel composition, provided that appropriate vacancies exist.

4. If there is no vacancy within iThemba LABS nothing in this agreement shall be taken as to

impose an obligation on iThemba LABS to employ the candidate after completion of the

programme.

5. The Bursary- holder agrees to vacation work during June-July and December-January

holidays, accommodation arrangements are the student’s responsibility and must be paid for

by the student with the allowance received.

6. PAYMENT OF BURSARY

6.1. The Bursary will be awarded for one year only for full-time study and may in the sole

discretion of iThemba LABS be renewed for the subsequent year/s depending on the

availability of funds and academic progress by the Bursary-holder

6.2. The Bursary award shall consist of an amount, determined by iThemba LABS, equivalent to

the registration, class and examination fees of the University of Cape Town in respect of the

Study Course, as well as reasonable costs in

respect of tuition, accommodation, meals and

study books for the academic year of

hereinafter collectively referred to as “allowances”.

6.3. Funds will be paid to the university, where the student is registered.

6.4. The first instalment will be paid at the beginning of the first semester the second instalment

will be paid in the second semester, subject to satisfactory academic performance.

6.5. The amount remaining after tuition, and residence fees if relevant, has been paid to the

Institution of High Learning, must be used by the student to pay for living costs (rent, food,

travel etc.), and for books and stationery.

6.6. No additional funding will be provided for any reason.

6.7. Any other funding received by a student must be declared to the iThemba LABS in writing.

Signed by the Bursary-holder at ……………………………………… on this ……………. day of

…………………… 20…… in the presence of the undersigned witnesses.

As witnesses:

1. ……………………………………………

2. ……………………………………………

Bursar

Duly assisted by me as the parent/guardian of the Bursary holder.

…………………………………. ………………………………….

Parent/Guardian Initials and surname of Parent/

Guardian in block letters

Address of parent/guardian

………………………………….

Signed on behalf of iThemba LABS at ……………………………………………………. on

this ……………………. day of ……………….. 20 ….. In the presence of the undersigned

witnesses.

As witnesses:

1. ………………………………….

2. ………………………………….