10 Questions
What are the important considerations in the annual awarding of bursaries according to the policy?
Past academic achievement, proven financial need, and assessed abilities
Who has the authority to grant bursaries according to the policy?
The Company
What is a condition for a bursary awarded under the Scheme?
Employee's continued employment with the Company
What costs are covered by the bursary according to the policy?
Tuition, approved accommodation, and prescribed book fees
For how many years does the bursary fund full-time undergraduate studies?
Up to a maximum of 3 years
What is the primary purpose of the bursary mentioned in the text?
To provide financial assistance to Employees for their tertiary education.
What criteria must Dependants meet to be considered for financial assistance?
Achieving an aggregate of fifty-five percent (55%) for year-end academic results.
Who is responsible for paying costs associated with the Dependant's attendance at the Institution, aside from the Costs covered by the bursary?
The Employee or the Dependant themselves.
Under what circumstances can the Company cancel the bursary according to the text?
If the Dependant receives additional financial assistance from another organization.
What is one of the costs that the Group will cover as part of the financial assistance?
$50,000 per annum for accommodation fees.
This quiz provides an overview of the rights, obligations, and terms applicable to the bursary offered by a company to its employees for the benefit of dependants. It covers considerations for awarding bursaries, financial aspects, and the discretion of the company in granting them.
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