Common use of Fellowship Clause in Contracts

Fellowship. i. The Fellowship will be funded in its entirety by the Taiwan-based Himalaya Foundation. The Himalaya Foundation was created by ▇▇▇▇▇▇ ▇▇ ▇▇▇ (deceased), a NTU Economics and Columbia Business School alumnus. ii. The Fellowship will assist in covering the tuition and stipends of two students who accept the offer of admission to the PhD program in Economics at Columbia and who will have graduated from the NTU BA or MA program in Economics prior to commencing the PhD program. iii. The Fellowship will assist in covering two students’ tuition and stipends for the first two years of the PhD program. The Fellowship will be used to cover the annual tuition and stipend in the amount of $70,000 per student per year. The Fellowship will be used for each student’s first two years in the PhD program in Economics, totaling $140,000 per student. As the Fellowship will support a total of two students, the total amount of the Fellowship will be $280,000. The Fellowship will not be used to cover fees, as stated in 3.ix. iv. In the event that a student is awarded additional funding while on the Fellowship, the student must report this funding to the Himalaya Foundation, the Graduate School of Arts and Sciences at Columbia University (hereafter “GSAS”), and the PhD program in Economics. v. Students must make satisfactory academic progress and must follow the rules, regulations, and policies of Columbia University while enrolled. The Himalaya Foundation may request from the students copies of their transcripts detailing academic progress. Columbia University reserves the right to terminate a student’s participation in the Fellowship program if the University decides that a student’s academics or personal behavior warrant that action. Columbia will inform the Himalaya Foundation if it decides it is necessary to take that action. vi. The Fellowship will be awarded so long as a student is registered full-time. In the event that a student takes a leave of absence from the PhD program in Economics during the first two years, the Fellowship will be placed on hold until the student returns as a full-time registered student. vii. Payments will be made by the Himalaya Foundation to Columbia University as described above on an annual basis in US dollars, without any withholding, set- off, or other reduction. viii. The International Students and Scholars Office (ISSO) at Columbia University shall help facilitate the acquisition of appropriate immigration documents for admitted students (see Appendix). However, students are ultimately responsible for obtaining the required documents and visas in compliance with all relevant visa requirements and immigration laws that will allow them to stay legally in the US during the entire period of the PhD program. Students retain responsibility for paying any US government or other fees that may be imposed for visa processing or immigration services. Neither Columbia University nor the Himalaya Foundation will be responsible for the expenses of the requirements mentioned in this section. ix. Students shall be responsible for covering the cost of all expenses not covered by the Fellowship while studying at Columbia, including but not limited to travel expenses, accommodation, books, supplies, equipment, personal expenses, and expenses listed on the “Cost of attendance” GSAS website (see Appendix). International students are required, as of the 2016-17 academic year, to enroll in the Columbia University Student health service and medical insurance plans for full-time students and to pay the associated fees.