Common use of Further Training Clause in Contracts

Further Training. The Licensee shall reimburse the MRA for annual expenses of up to DKK in connection with participation in courses and further training etc. of employees. Such further training shall be targeted at employees with a technical or scientific education or employees with an administrative, legal or financial background doing work related to mineral resources activities. The further training may consist of the following:  Participation in courses, in-house as well as external.  On-the-job training at London Mining Greenland A/S. On-the-job training shall be defined as full-time employment that includes the performance of tasks commensurate with the trainee's education and background and representative of mineral resource industry. If the expenses for further training are less than DKK in any one year, the unutilised funds are automatically transferred to the next year. The MRA shall forward a statement of the unutilised funds to the Licensee.