CONTRACTUAL COMMITMENT. The student, upon successful completion of his/her studies, will be expected to work in a South African based company in the steel and engineering manufacturing sector for six (6) months in respect of every year for which the Bursary has been awarded. Students will be required to supply SEIFSA with confirmation of employment on an annual basis. • Wherever possible the adopting Company and SEIFSA will arrange for experiential learning for the student. • Should the student fail to meet the terms and conditions of the proposed award or withdraw from the course of study or obtain financial assistance from somewhere else without advising the Administration, the bursary / assistance will be cancelled. • In the event of the student being offered employment by the adoptive Company or within the steel and engineering manufacturing sector after the successful completion of studies, and not being able to fulfil this obligation, SEIFSA will be entitled to recover the total costs incurred plus interest at current bank overdraft rate or such lesser amount as SEIFSA at its sole discretion may determine. • Should SEIFSA or adopting Company be unable to offer employment within 18 months of the successful completion of studies, the student will be released of his/her indebtedness to SEIFSA.
Appears in 4 contracts
Sources: Bursary Agreement, Bursary Agreement, Bursary Agreement