Common use of Program Sponsors Clause in Contracts

Program Sponsors. a. The commencement date for the first year of the Program shall be January 1, 2008. This Program will be subject to yearly membership renewal. b. Each Sponsor will pay the University annually a membership fee of Twenty Eight Thousand Dollars ($28,000) for participation in the Program. c. All fees will be due and payable within 30 days of the yearly starting date. No Program Information may be released to a Sponsor that is not current with payment of fees. University shall invoice Sponsor prior to the start date.