Scholarships Program Sample Clauses

Scholarships Program. ‌ The Board of Trustees may approve a scholarships program to receive contributions and to provide scholarships, grants, internships and other financial assistance to advance, promote, support or provide the education and training of the Scholarship Beneficiaries, including making payments directly to the Scholarship Beneficiaries, to the school, education or training provider, or other vendor for the benefit of the Scholarship Beneficiaries, and to provide nonmonetary benefits such as collecting and distributing information of interest to the Scholarship Beneficiaries or sponsoring educational or training programs. Distributions to or for the benefit of the Scholarship Beneficiaries do not need to be proportional to ownership of Shares and can be based on any criteria set forth in the scholarships program policies. The Board of Trustees’ approval of the scholarships program policies, and a material modification of the policies or termination of the scholarships program, shall not take effect until it has received Goldbelt Concurrence. The scholarships program may be modified or terminated even if this would result in making some Scholarship Beneficiaries ineligible or reducing or canceling benefits provided by the scholarships program, and without regard to whether this would result in unequal treatment of current, past, future or potential Scholarship Beneficiaries.